Autodesk Invests in Start-Up to Serve Manufacturing Industry
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Autodesk Ventures, the investment and business development arm of Autodesk Inc., made an equity investment in a start-up called CapacityWeb.com, which is developing an Internet-enabled marketplace for buying and selling manufacturing capabilities.
Financial specifics were not disclosed, but Autodesk, a design software and digital content creation tools supplier, will hold a seat on the board of CapacityWeb.com and own roughly a 9 percent stake in the company.
"CapacityWeb.com is developing a very interesting Internet model to remove the inefficiencies associated with the manufacturing community like cyclical market demands or idle machinery, making them a great partner for Autodesk," said Dominic Gallello, executive vice president of Autodesk's Design Solutions division.
CapacityWeb.com said it is creating a trading platform to insulate members from the boom and bust cycles that plague manufacturing industries. With the fixed capacity and fixed costs that custom manufacturers must manage, CapacityWeb.com members will be able to match orders between manufacturing businesses to gain efficiencies in time and costs. Members can trade orders in a focused, prescreened and secure online community.
" Autodesk, with its large customer base of mechanical designers, is a strategic investor and great partner for us," said Arvind Kapur, co-founder and CEO of CapacityWeb.com.