CIMdata PLM Industry Summary Online Archive
20 February 2007
Financial News
Proficiency Secures Additional $5 Million in Financing Led by Carmel Ventures and Pitango Venture Capital
Proficiency, Inc. announced that it has raised an additional $5 million in funding from its current investors, Carmel Ventures and Pitango Venture Capital .
Proficiency is now geared to broaden its market reach globally and to offer additional solutions that enable manufacturers, OEMs and suppliers to share product design intelligence between different CAD and PDM systems. Leading companies in industries such as aerospace & defense, automotive and heavy machinery uses the solutions.
Proficiency is committed to continued product development that meets the needs of customers who increasingly demand complete solutions that are integrated into the PLM environment, including the support of entire workflows and protection of intellectual property. To accelerate growth, Proficiency also is committed to increasing its partnerships with selected engineering companies globally.
"Proficiency solves a significant problem for the automotive, aerospace and defense industries, said Shlomo Dovrat, general partner and co-founder, Carmel Ventures." We believe that Proficiency, with its unique technology and strong management team and board of directors, is well poised for the next phase of its growth. Proficiency is a good fit for Carmel based on our extensive background in the high tech and manufacturing industries. "
"The market need for Proficiency's solutions is being validated by major manufacturers and will continue to expand as companies recognize the benefits Proficiency provides in multi-CAD environments," said Aaron Mankovski managing general partner Pitango Venture Capital.
"The strategic assistance and funding of Carmel and Pitango enables Proficiency to accelerate the pace of investment to pursue our vision, expand market reach and consolidate our leadership," said Alex Shapira, CEO of Proficiency . "Our customers will be the first to benefit from new, innovative solutions to preserve and leverage product knowledge in multi-CAD environments.
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