# Spring Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spring-technologies-s-a-s

- Industry: Software
- Headquarters: Paris, France
- Website: www.ncsimul.com
- Total disclosed funding: $2.8M
- Latest round: Series B (Nov 18, 2014)
- Investors on record: 2

## About

Spring Technologies S.A.S. develops advanced CNC simulation software that optimizes machining processes and validates G-code, enhancing efficiency and precision for manufacturers across various industries.Founded in 1983 and based in Paris, France, Spring Technologies S.A.S. specializes in CNC simulation solutions for manufacturing. The company has undergone significant growth, securing a SERIES B funding round of EUR 2.25 mn led by Credit Mutuel Equity in June 2018, bringing its total amount raised to EUR 2.25 mn. CEO Ankit Baradia and Gilles Battier lead the company, which has completed three deals since inception.NCSIMUL offers state-of-the-art CNC simulation software, including its flagship NCSIMUL Machine, which allows manufacturers to simulate machine operations and optimize toolpaths. The NCSIMUL Optitool further refines machining processes by optimizing feed rates and cutting strategies. Their suite of products serves the automotive, aerospace, and general manufacturing sectors, with a customer base spanning Europe, North America, and Asia.In the most recent fiscal year of 2022, Spring Technologies reported revenue of EUR 4,997,377.80 and an EBITDA of EUR 7,813,076.80, demonstrating a structured business model focused on software licensing and subscription services.Following the acquisition by Hexagon AB in June 2018, Spring Technologies S.A.S. is focused on expanding its product offerings and market presence. The company aims to launch new software products in the upcoming years, leveraging recent funding to enhance its development capabilities. Plans for geographic expansion include targeting new markets in Asia and North America by 2025, aiming to bolster its customer base and increase revenue streams.

## Funding rounds

- Series B, Nov 18, 2014, $2.8M — Credit Mutuel Equity, ACE Capital

## Investors

- Credit Mutuel Equity (https://capitalatlas.ai/funds/credit-mutuel-equity) — Series B
- ACE Capital (https://capitalatlas.ai/funds/ace-capital) — Series B