When was Comet Solutions founded?

Comet Solutions was founded in 2001 and raised its 1st funding round 3 years after it was founded.

Where is Comet Solutions located?

Comet Solutions is headquartered in Albuquerque, United States.

Is Comet Solutions a funded company?

Comet Solutions is a funded company, having raised a total of $21.2M across 15 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Nov 12, 2004.

When was the latest funding round of Comet Solutions?

Comet Solutions' latest funding was a $***** Conventional Debt round on Aug 23, 2016, with participation from 0 investor. Its primary sector is Manufacturing Tech. In United States, the Manufacturing Tech sector has seen $3.17B in funding in 2026 to date.

Where does Comet Solutions rank among its competitors?

Comet Solutions ranks 13th amongst 92 active competitors, of which 13 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was nTop, which secured an undisclosed amount in Sep, 2024.

Who are the top competitors of Comet Solutions?

Comet Solutions' top competitors include Altair, ZWSOFT and Secondmind Ai. Among them, nTop secured the most recent funding round in September, 2024.

Comet Solutions - 2026 Company Profile, Funding & Competitors

Comet Solutions is an acquired company based in Albuquerque (United States), founded in 2001. It operates as a Provider of simulation software for product development. Comet Solutions has raised $21.2M in funding from investors like Fort Washington Investment Advisors, Athenian Venture Partners and Flywheel Ventures. The company has 92 active competitors, including 13 funded and 27 that have exited. Its top competitors include companies like Altair, ZWSOFT and Secondmind Ai.

Company Details

Comet is a provider of simulation software for product development. The product offerings include SimApps, a suite of simulation software with modules as the gearbox, space systems, consume products, electronics, and automotive. The product is computational fluid dynamics and finite element analysis solution to design and simulate the products. It also provides CAE consultation services, training, and development services. The clientele includes American Axle & Manufacturing, Intel, Magna, NASA, Aerospace, General Dynamics, etc.

Website: cometsolutions.com
Email ID: *****@cometsolutions.com
Part Of

Key Metrics

Founded Year

2001

Location

Albuquerque, United States

Stage

Acquired

Total Funding

$21.2M in 15 rounds

Latest Funding Round

Conventional Debt, Aug 23, 2016, $*****

Investors

Fort Washington Investment Advisors & 5 more

Ranked

13^th among 92 active competitors

Similar Companies

Altair & 99 more

Exit Details

Acquired by Aras (Sep 25, 2018)

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Comet Solutions got acquired by Aras on Sep 25, 2018.

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Comet Solutions has raised a total funding of $21.2M over 15 rounds. Its first funding round was on Nov 12, 2004. Comet Solutions has 6 institutional investors.

Here is the list of recent funding rounds of Comet Solutions:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 23, 2016	7562834	Conventional Debt	5591721	2184558	1160920	8821847
Apr 19, 2016	1595476	Conventional Debt	4410097	7854213	7238989	5555631
Oct 05, 2015	3191886	Series C	6231914	7874012	5293041	1711360

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Top competitors of Comet Solutions include Altair, ZWSOFT and Secondmind Ai. Here is the list of Top 10 competitors of Comet Solutions, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Altair 1985, Troy (United States), Acquired	Provider of enterprise software for simulation, data analytics, AI, and HPC	$35.1M	General Atlantic, Shefa Capital & 3 others	77/100
2nd	ZWSOFT 1998, Tianhe (China), Series B	Provider of CAD/CAM software solutions	$31.4M	China Internet Investment Fund, Fortune Capital ... & 5 others	70/100
3rd	Secondmind Ai 2016, United Kingdom, Series B	Designing solutions for automotive OEMs and suppliers	$40M	Amadeus Capital, Mazda Motor Corporation ... & 11 others	61/100
4th	dSPACE 1988, Paderborn (Germany), Funding Raised	Provider of engineering tools for developing and testing mechatronic control systems	-	Europa	59/100
5th	Gamma Technologies 1994, Westmont (United States), Late Stage	Develops CAE software for systems simulation across different industries	-	TA Associates, Cove Hill Partners & 3 others	58/100
6th	SimScale 2012, Munich (Germany), Series C	Cloud-based simulation software	$60.3M	Insight Partners, Bayern Kapital & 13 others	58/100
7th	TASKING 1986, Amersfoort (Netherlands), Acquired	Provider of software development tool for carmakers	-	FSN Capital, Baird Capital & 1 others	57/100
8th	ESI Group 1973, Paris (France), Acquired	Provider of design and simulation software	-	Europa, NextStage AM & 3 others	51/100
9th	OnScale 2018, Redwood City (United States), Acquired	Provider of plug-in solutions for computer-aided engineering design services	$18.1M	Gradient Ventures, Intel Capital & 15 others	48/100
10th	nTop 2015, New York City (United States), Series D	Developer of computational design software for engineering teams	$133M	Canaan, DCVC & 14 others	46/100
13th	Comet Solutions 2001, Albuquerque (United States), Acquired	Provider of simulation software for product development	$21.2M	Sun Mountain Capital, Fort Washington Investment Advisors ... & 4 others	43/100