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North Bay Business Journal

Thursday, September 2, 2010, 1:56 pm

Autodesk leads $6 million funding round for construction software startup

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    SAN RAFAEL — A Massachusetts-based construction industry software startup today said Autodesk Inc. (Nasdaq: ADSK) led a $6 million series B round of equity financing.

    Burlington, Mass.-based Vela Systems raised the funds from Autodesk and series A investors Commonwealth Capital Ventures, GrandBanks Capital and private individuals.

    Vela launched in 2005 to create software building information modeling, or BIM, to the job site. A year ago Autodesk announced a collaboration with Vela last year to integrate the software with Autodesk’s Navisworks Manage application so that measurements taken in the field are incorporated into the computer model.

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