Comet Solutions - About the company
Comet Solutions is an acquired company based in Albuquerque (United States), founded in 2001 by Malcolm Panthaki. 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 75 active competitors, including 11 funded and 26 that have exited. Its top competitors include companies like Altair, ZWSOFT and dSPACE.
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
Key Metrics
Founded Year
2001
Location
Albuquerque, United States
Stage
Acquired
Total Funding
$21.2M in 15 rounds
Latest Funding Round
Investors
Ranked
11th among 75 active competitors
Employee Count
11 - 50 as on Jul 01, 2024
Exit Details
Acquired by Aras (Sep 25, 2018)
Comet Solutions's acquisition details
Comet Solutions got acquired by Aras on Sep 25, 2018 at an acquisition amount of $5.59B.
Click here to take a look at Comet Solutions's acquisition in detail
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Comet Solutions's funding and investors
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:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 23, 2016 | 2311928 | Conventional Debt | 9329818 | 6117087 | 1598248 | 6039878 |
Apr 19, 2016 | 6982586 | Conventional Debt | 8155039 | 1489798 | 3852530 | 7233843 |
Oct 05, 2015 | 3982649 | Series C | 5410773 | 5889289 | 1697204 | 3849030 |
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Comet Solutions' founders and board of directors
Founder? Claim ProfileThe founders of Comet Solutions is Malcolm Panthaki.
Here are the details of Comet Solutions' key team members:
- Malcolm Panthaki: Founder & CTO of Comet Solutions.
View details of Comet Solutions's Founder profiles and Board Members
Comet Solutions' employee count trend
Comet Solutions has 11 - 50 employees as of Jul 24. Here is Comet Solutions's employee count trend over the years:
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Comet Solutions's Competitors and alternates
Top competitors of Comet Solutions include Altair, ZWSOFT and dSPACE. Here is the list of Top 10 competitors of Comet Solutions, ranked by Tracxn score:
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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 | 74/100 | |
2nd | Provider of CAD/CAM software solutions | $31.4M | 71/100 | ||
3rd | Provider of engineering tools for developing and testing mechatronic control systems | - | 62/100 | ||
4th | Cloud-based simulation software | $60.3M | 61/100 | ||
5th | Provider of design and simulation software | - | 59/100 | ||
6th | AI agent platform for engineering enabling to run automated tasks across CAx landscapes | $18.1M | 59/100 | ||
7th |  nTop 2015, New York City (United States), Series D | Developer of computational design software for engineering teams | $133M | 58/100 | |
8th |  TASKING 1986, Amersfoort (Netherlands), Acquired | Provider of software development tool for carmakers | - | 53/100 | |
9th | Gamma Technologies 1994, Westmont (United States), Late Stage | Develops CAE software for systems simulation across different industries | - | 52/100 | |
10th |  OnScale 2018, Redwood City (United States), Acquired | Provider of plug-in solutions for computer-aided engineering design services | $18.1M | 50/100 | |
11th | Comet Solutions 2001, Albuquerque (United States), Acquired | Provider of simulation software for product development | $21.2M | 48/100 |
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Comet Solutions's Investments and acquisitions
Comet Solutions has made no investments or acquisitions yet.
News related to Comet Solutions
•
Aras Acquires Comet Solutions to Enable Simulation at Scale Across the Product LifecycleBusiness Wire•Sep 25, 2018•Comet Solutions, Aras
•
Investors - Comet SolutionsComet Solutions•Mar 31, 2014•Comet Solutions, Athenian Venture Partners, Sun Mountain Capital, Fort Washington Investment Advisors
•
Comet Solutions Raises $2M in Series B Round of Funding |FinSMEsFinSMEs•Jan 25, 2010•Comet Solutions, Athenian Venture Partners, Fort Washington Investment Advisors, Flywheel Ventures and 2 others
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