DesignAdvance's investors know the computer aided design (CAD) industry and understand the development process of world-class software products. Beyond money, they provide crucial knowledge, experience, and are actively involved in the strategic direction of the company. Presently the company has received funding from many Angel investors as well as the following organizations listed below.
Spencer Trask,
a leading private venture firm that has a history of recognizing big
ideas long before everyone else from Thomas Edison's invention of the
electric light bulb to some of the largest and most profitable venture
capital deals in modern times. With Trask's network of co-investors and
business leaders, they provide visionary entrepreneurs with both
financial and intellectual capital to transform bright ideas into
world-changing companies. For more information visit http://www.spencertrask.com.
Compunetix,
a developer of state-of-the-art multimedia multipoint
telecommunications systems for audio-conferencing, video-conferencing,
and mission-critical applications. Compunetix has offices in United
States, Australia, the United Kingdom, and Hong Kong servicing over
200,000 ports installed in more than 20 countries. Compunetix has the
largest worldwide deployment of teleconferencing systems in the
industry. For more information visit http://www.compunetix.com.
Innovation Works,
a state-sponsored organization investing in technology startups in
Southwestern Pennsylvania. Innovation Works' mission is to increase the
region's new enterprise success rate by providing the highest potential
technology companies with access to risk capital, business expertise,
and other resources. Through a continuum of hands-on support, guidance,
and investment, Innovation Works helps companies to maximize their
chances of attracting additional capital and achieving commercial
success. For more information, visit http://www.innovationworks.org.
The Technology Collaborative,
a strategic economic development initiative established to foster
growth across a regional industry cluster that is developing and
employing System on Chip (SoC) and related technologies for networking
and multimedia applications.
The TTC has helped create an ideal environment for business expansion by leveraging the region's existing high-tech base, and combining it with resources and support from local universities, private foundations, regional development organizations, state and local government, and industry. TTC has have enabled regional economic growth by utilizing this "business friendly" environment to attract new companies to the region, help local members grow, and foster start-ups.
As a member-driven initiative, TTC delivers high value-add programs and services that start-up and expanding businesses need, including: collaborative research, education and training, extensive business support, networking opportunities, and employee recruiting services. For more information, visit http://www.techcollaborative.org.

