Enterprise Software - Friday, January 11, 2008
Angels Back CAD Startup Multistat
It has been a while since we have seen a funding deal for a computer-aided design (CAD) firm. San Clemente's Multistat has raised an undisclosed amount of Series A funding led by Tech Coast Angels. The firm had raised a seed round in 2005. The funding was perhaps made easier as Multistat's CEO Ralph Mayer is also President of the San Diego Tech Coast Angels, and has an background in CAD. Multistat sells a software package for design optimization, intended to give product designers an easier means to prototype any manner or products.
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