Collaboration to Drive PTC's Onshape
Initiatives Including Discovery Program, Onshape AI Advisor, and
CAD and PDM Conversion Tools
BOSTON, Sept. 25,
2024 /PRNewswire/ -- PTC (NASDAQ: PTC)
today announced entry into a Strategic Collaboration Agreement
(SCA) with Amazon Web Services (AWS) to accelerate the growth of
its Onshape® cloud-native computer-aided design (CAD)
and product data management (PDM) solution. This collaboration will
focus on advancing Onshape product enhancements, customer adoption
programs, and artificial intelligence (AI) initiatives, all of
which are aimed at helping product designers and engineers create
new, high-quality products faster and more efficiently.
The Onshape team and AWS will collaborate on several product and
go-to-market (GTM) priorities, including:
- Onshape Discovery Program: The Onshape Discovery Program
allows qualified users to try Onshape Professional at no cost for
up to six months. This allows engineering teams to experience the
unique speed and collaboration benefits of the Onshape cloud-native
CAD and PDM solution for an extended period before making the
decision of whether to adopt Onshape. Companies interested in
applying for the Discovery Program can learn more here.
- Onshape AI Advisor: Onshape AI Advisor will allow users
to design products faster by cataloguing the vast Onshape resource
library of text-based documentation and videos and answering
questions or making recommendations during the design process.
While designing, users will be able to type a question in simple,
conversational language and the Onshape AI Advisor will respond
with an answer or recommendation based on the resource library and
provide links to additional information. The Onshape AI Advisor
will run on Amazon Bedrock and is expected to be released by the
end of 2024.
- CAD and PDM Conversion Tools: In response to the growing
demand from companies to switch to Onshape, this collaboration will
allow the expansion of the capabilities of Onshape intelligent data
migration toolsets. These toolsets reduce the complexity of
switching systems by preserving the parametric features and sketch
information of CAD models during translation.
- Onshape Government: Onshape continues to be adopted by
companies that need to accelerate their product development
timelines and have elevated security requirements. A new Onshape
Government option will deliver this security footprint to comply
with The International Traffic in Arms Regulations (ITAR) and The
Federal Risk and Authorization Management Program (FedRAMP)
requirements.
"Onshape continues to disrupt the CAD and PDM market, with
product companies of all sizes choosing to switch and experience
the speed, collaboration, and productivity benefits of the
cloud-native approach," said David
Katzman, General Manager of Onshape and Arena, PTC. "Our
collaboration with AWS outlines some key priorities that will help
us get Onshape in the hands of more designers and engineers,
accelerate the delivery of some important product enhancements, and
demonstrate how AI can assist in the product development
process."
"Using Onshape has allowed us to make our product development
process faster, easier, and more collaborative," said Wilfried Dufaud, Co-founder, Executive Director
& Head of Airworthiness, AURA AERO. "We're always working on
the latest version of our design, we no longer deal with lost work
or system crashes, and we're now automating many of our repetitive
CAD tasks, which saves us significant time. In addition to these
day-to-day benefits, PTC and AWS give us high confidence in the
availability, security, and reliability of our cloud-native
approach to product development."
Onshape's growth has been fueled by its goal to help companies
switch CAD and PDM systems to a cloud-native solution, an increase
in commercial adoption, notable product enhancements, and
significant traction in the education space. Leading companies such
as Trek Bikes, Garmin, K2, Garrett
Motion, and AURA AERO are all designing products with
Onshape. As part of its three-week release cycles, Onshape has
added functionality such as Render Studio, PCB Studio, Onshape
Simulation, new surfacing, modeling analysis, and mixed modeling
capabilities, and the Onshape-Arena connection for a seamless
CAD-PDM-PLM experience. In education, from K-12 through university,
Onshape is now generating more than one million new signups per
year. Leading universities, including The Ohio
State University, Rochester Institute
of Technology, the University of
Washington, and Penn State
University, are all teaching Onshape as part of their
engineering curricula.
"PTC's Onshape team and AWS will work together to expand
technical and go-to-market collaboration to support the market
evolution of engineering design tools moving to the cloud," said
Chris Grusz, Managing Director of
Technology Partnerships at AWS. "Together, we will evolve PTC's
Onshape cloud-native CAD and PDM solution, supported by technology
powered by AWS, and bring new AI/ML-powered capabilities and value
propositions in a scalable and cost-effective manner to businesses
around the world and the next generation user base in
education."
To learn more about Onshape, please visit www.onshape.com.
About PTC
PTC (NASDAQ: PTC) is a global software company that enables
industrial and manufacturing companies to digitally transform how
they design, manufacture, and service the physical products that
the world relies on. Headquartered in Boston, Massachusetts, PTC employs over 7,000
people and supports more than 30,000 customers globally. For more
information, please visit www.ptc.com.
Media
Greg Payne
gpayne@ptc.com
Investors
Matt Shimao
mshimao@ptc.com
PTC, Onshape and the PTC logo are trademarks or registered
trademarks of PTC Inc. and its subsidiaries in the United States and other countries.
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