When was SofTech founded?

SofTech was founded in 1969 and raised its 1st funding round 42 years after it was founded.

Where is SofTech located?

SofTech is headquartered in Lowell, United States.

How many employees does SofTech have?

As of Aug 31, 2026, the latest employee count at SofTech is 46.

Is SofTech a funded company?

SofTech is a funded company, having raised a total of $1.95M across 3 funding rounds to date. The company's 1st funding round was a $***** Post IPO round, raised on Mar 11, 2011.

When was the latest funding round of SofTech?

SofTech's latest funding was a $***** Post IPO round on Jun 26, 2014, with participation from 0 investor.

Where does SofTech rank among its competitors?

SofTech ranks 9th amongst 21 active competitors, none of which are funded.

Who are the top competitors of SofTech?

SofTech's top competitors include Arena Solutions, Nano Dimension and Sopheon. Among them, Nano Dimension secured the most recent funding round in August, 2019.

SofTech - 2026 Company Profile, Team, Funding & Competitors

SofTech is an acqui-hired company based in Lowell (United States), founded in 1969 by Douglas T Ross. It operates as a Software manufacturer of PLM solutions, CAD/CAM products and Product Data Management. SofTech has raised $1.95M in funding. The company has 21 active competitors, including 9 that have exited. Its top competitors include companies like Arena Solutions, Nano Dimension and Sopheon.

Company Details

SofTech, Inc. is a provider softwares for PLM solutions(ProductCenter PLM), Computer Aided Design and Manufacturing(CADRA, Softech Connectors, SpaceClaim Engineer) as well as Product Data Management. General Electric, Goodrich, Honeywell, Siemens, Sikorsky Aircraft and the U. S. Army are among its customers. The company is based in Lowell, Massachusetts with a worldwide annual revenue USD 12.1 million.

Website: softech.com
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Key Metrics

Founded Year

1969

Location

Lowell, United States

Stage

Acqui-Hired

Total Funding

$1.95M in 3 rounds

Latest Funding Round

Post IPO, Jun 26, 2014, $*****

Investors

OVP Venture Partners

Ranked

9^th among 21 active competitors

Employee Count

46 as on Aug 31, 2026

Investment & Acquisitions

Workgroup

Similar Companies

Arena Solutions & 24 more

View SofTech's full profile

SofTech is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
SofTech Inc CIN: 04-2453033 , United States, Active	Dec 31, 1968	-	3 (As on Dec 31, 2019)	-

SofTech has raised a total funding of $1.95M over 3 rounds. Its first funding round was on Mar 11, 2011. SofTech has 1 institutional investor.

Here is the list of recent funding rounds of SofTech:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 26, 2014	7532148	Post IPO	3982044	4293308	6186402	9420164
Dec 04, 2012	2568106	Post IPO	2304223	8447177	5022723	5474358
Mar 11, 2011	5781600	Post IPO	2413430	1329670	3504741	3226795

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View details of SofTech's funding rounds and investors

The founders of SofTech is Douglas T Ross.

Here are the details of SofTech's key team members:

Douglas T Ross: Founder of SofTech.
Joe Mullaney: CEO of SofTech.

View details of SofTech's Founder profiles and Board Members

SofTech's employee count trend

SofTech has 46 employees as of Aug 26. Here is SofTech's employee count trend over the years:

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Top competitors of SofTech include Arena Solutions, Nano Dimension and Sopheon. Here is the list of Top 10 competitors of SofTech, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Arena Solutions 2000, Foster City (United States), Acquired	Cloud PLM applications for manufacturing firms	$44.8M	Otter Capital, Western Technology Investment ... & 3 others	65/100
2nd	Nano Dimension 2012, Ness Ziona (Israel), Public	Cloud-based precision additive manufacturing systems and nano inks for electronics	$5.25M	Amdocs, i3 Partners & 6 others	64/100
3rd	Sopheon 1993, Bloomington (United States), Acquired	Innovation and IP management solutions transforming ideas into market impact	$100K	Origin Capital, Herald Investment Management	35/100
4th	PROCAD 2010, Karlsruhe (Germany), Acquired	PLM software solutions provider	-	-	35/100
5th	PRO.FILE 1985, Karlsruhe (Germany), Funding Raised	Product lifecycle management and document management software	-	LEA Partners	29/100
6th	Smap3D 1989, Nittendorf (Germany), Unfunded	Design and PDM software solutions provider	-	-	27/100
7th	ISOQualitas 1995, Houston (United States), Unfunded	Product life cycle management software	-	-	26/100
8th	Omnify Soft 2002, Tewksbury (United States), Acquired	PLM Software SMB	$150K	-	26/100
9th	SofTech 1969, Lowell (United States), Acqui-Hired	Software manufacturer of PLM solutions, CAD/CAM products and Product Data Management	$1.95M	OVP Venture Partners	26/100
10th	Proplanner 2002, Ames (United States), Acquired	Process engineering and management software solutions for manufacturing industries	-	-	26/100