Propel - About the company
Propel is a series C company based in Santa Clara (United States), founded in 2015 by Ron Hess. It operates as a Provider of SaaS-based product design and development solutions. Propel has raised $76.2M in funding from Norwest and Salesforce Ventures. The company has 173 active competitors, including 16 funded and 12 that have exited. Its top competitors include companies like Autodesk, Heidelberger and AutoForm.
Company Details
Provider of SaaS-based product design and development solutions. It offers various solutions to manufacturing industries like quality management, NDP and NDI, supplier management, product commercialization tools, and also legacy PLM and QMS replacement. It also includes product value management solutions.
- Website
- www.propelsoftware.com/
- Social
- Email ID
- *****@propelsoftware.com
- Phone Number
- +1 **********
- Registered Address
- Santa Clara, California
Key Metrics
Founded Year
2015
Location
Santa Clara, United States
Stage
Series C
Total Funding
$76.2M in 6 rounds
Latest Funding Round
Ranked
2nd among 173 active competitors
Employee Count
132 as on Aug 31, 2026
Legal entities associated with Propel
Propel is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
PROPELPLM INC CIN: 473840830 , United States, Active | Dec 31, 1999 | - | 98 (As on Dec 31, 2024) | - |
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Propel's funding and investors
Propel has raised a total funding of $76.2M over 6 rounds. Its latest funding round was a Series C round on Sep 21, 2021 for $*****. 5 investors participated in its latest round. Propel has 9 institutional investors.
Here is the list of recent funding rounds of Propel:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 21, 2021 | 9830547 | Series C | 5030182 | 7675662 | 8189483 | 9626190 |
Jan 24, 2019 | 8922469 | Series B | 5102677 | 9773948 | 7288554 | |
Nov 15, 2018 | 3600188 | Series B | 5001352 | 8552747 | 1844906 |
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Propel's founders and board of directors
Founder? Claim ProfileThe founders of Propel is Ron Hess.
Here are the details of Propel's key team members:
- Ron Hess: Founder, Chief Architect of Propel and founder of 1 other company. Contact Info: 2 email addresses
Propel's Board of Directors
Propel's board has 11 active members. Jared Smith, Ashley Stirrup, Matt Holleran, Sean Jacobsohn, David Obrand, Brian Edward Sohmers, Raymond Hein, Carmine Napolitano, Raymond Paul Hein, Matthew Holleran and Brian Sohmers are independent board members.Here is the list of Propel's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 4y 11m | |
pcwocgr | Independent board member | - | Current | 8y 7m |
gxtcwnj | Independent board member | - | Current | 1y 3m |
boioilc | Independent board member | - | Current | 5y 1m |
xzwsvws | Independent board member | - | Current | 2y 4m |
dicmaqh | Independent board member | - | Current | 6y 4m |
nbwaydw | Independent board member | - | Current | 6y 5m |
bpwnwqm | Independent board member | - | Current | 5y 2m |
xxtcxyy | Independent board member | - | Current | 1y 6m |
vqwjzci | Independent board member | - | Current | 7y 7m |
xgmiczi | Independent board member | - | Current | 7y 3m |
View details of Propel's Founder profiles and Board Members
Propel's employee count trend
Propel has 132 employees as of Aug 26. Here is Propel's employee count trend over the years:
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Propel's Competitors and alternates
Top competitors of Propel include Autodesk, Heidelberger and AutoForm. Here is the list of Top 10 competitors of Propel, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Autodesk 1982, San Francisco (United States), Public | Developer of software for architecture engineering construction and product design | - | 68/100 | |
2nd |  Propel 2015, Santa Clara (United States), Series C | Provider of SaaS-based product design and development solutions | $76.2M | 63/100 | |
3rd | Heidelberger 1850, Heidelberg (Germany), Acquired | Manufacturer of printing and packaging solutions, including digital and offset presses | - | 61/100 | |
4th | AutoForm 1995, Pfaffikon (Switzerland), Acquired | Software Solutions for sheet metal forming | - | 57/100 | |
5th | Dassault Systems 1981, Velizy Villacoublay (France), Public | Developer of software for virtual product design and simulation modeling | - | 57/100 | |
6th |  Inventables 2002, Chicago (United States), Series C | Provider of subtractive manufacturing systems | $32.7M | 52/100 | |
7th | C-Infinity 2023, Mountain View (United States), Series B | Developer of AI software for mechanical design and manufacturing automation | $16M | 50/100 | |
8th | CAD & CAM integrated solutions provider | - | 46/100 | ||
9th | Manufacturer of metal components and provider of metal fabrication services | - | - | 45/100 | |
10th | JITX 2017, Berkeley (United States), Series A | Provider of AI-powered software to design PCBs | $12.2M | 45/100 |
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Propel's Investments and acquisitions
Propel has made no investments or acquisitions yet.
Reports related to Propel
Here is the latest report on Propel's sector:
News related to Propel
Filter this listMedia has covered Propel for a total of 9 events in the last 1 year, 7 of them have been about company updates and 1 about people movement.
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Propel Releases Research: PLM is the Foundation for MCP-Enabled AI in ManufacturingOnline Media Cafe•Aug 20, 2026•Propel
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Propel Software Identifies Five Trends Defining the Future of Product InnovationBusiness Wire•Jun 02, 2026•Propel
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Propel Software Marks Best Year in Company History Fueled by DesignHub, Propel One SolutionsBusiness Wire•Mar 03, 2026•Propel
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Propel Software’s DesignHub Solves Multi-CAD Integration Challenges for ManufacturersBusiness Wire•Dec 16, 2025•Propel
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Propel Software Identifies Business and Technology Impacts to Watch for 2026Business Wire•Oct 16, 2025•Propel
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Propel Software's Summer Release Enhances Notifications, Component Insights, Product IntelligenceBusiness Wire•Jul 30, 2025•Propel
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