Onshape

Onshape is a computer-aided design (CAD) software system, delivered over the Internet via a Software as a Service (SAAS) model. It makes extensive use of cloud computing, with compute-intensive processing and rendering performed on Internet-based servers, and users are able to interact with the system via a web browser or the iOS and Android apps.
Onshape allows teams to collaborate on a single shared design, the same way multiple writers can work together editing a shared document via cloud services. It is primarily focused on mechanical CAD (MCAD) and is used for product and machinery design across many industries, including consumer electronics, mechanical machinery, medical devices, 3D printing, machine parts, and industrial equipment.
Onshape upgrades are released directly to the web interface, and the software does not require maintenance work from the user.
Company history.
Onshape was developed by a company with the same name. Founded in 2012, Onshape is based in Cambridge, Massachusetts (USA), with offices in Singapore and Pune, India. Its leadership team includes several engineers and executives who originated SolidWorks, a popular 3D CAD program that runs on Windows computers. Onshape’s co-founders include two former SolidWorks CEOs, Jon Hirschtick and John McEleney.
PTC acquired Onshape in November 2019 for $470 million. 
Funding.
Onshape was a venture-backed company with investments from firms including Andreessen Horowitz, Commonwealth Capital Ventures, New Enterprise Associates (NEA) and North Bridge Venture Partners. Total venture funding amounted to $169 million.