nTopology Valuation, Funding & Investors
nTopology is valued at $400M as of November 2021.
Last nTopology valuation
$400M
Series D · Nov 2021
Last nTopology funding round
$65M
Series D · Nov 2021
Cumulative funding nTopology raised
$135M
across 5 funding rounds
Key investors in nTopology
Haystack
Root Ventures
Canaan Partners
DCVC
Insight Partners
1517 Fund
About nTopology
nTopology is a New York-headquartered engineering software firm specializing in generative design for additive manufacturing. The nTop platform generates lattice structures, topology optimization, and simulation-driven models exportable to printers like those from Stratasys and EOS. Used by aerospace firms such as SpaceX and GE Aviation, it accelerates lightweight part development.
Founded
2015
HQ
New York City, NYWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Licensing, Subscription
Valuation
$400M (Nov 2021)
nTopology Valuation
nTopology is currently valued at $400M, based on its Series D in November 2021.
The $65M round was led by Tiger Global, with participation from Canaan Partners, Haystack, Root Ventures, Oldslip, DCVC and 1 other investor.
nTopology's valuation has grown 4.4x from $90M at its Series B in July 2019 to $400M in November 2021, across 2 priced rounds.
nTopology valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Nov 2021 | Series D | $400M |
| Jul 2019 | Series B | $90M |
nTopology Funding History
nTopology has raised a total of $135M across 5 funding rounds.
nTopology's first fundraising round was a $3M seed round in August 2016. The most recent completed round was a $65M Series D in November 2021.
nTopology funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2021 | Series D | Tiger Global (lead); Canaan Partners; Haystack; Root Ventures; Oldslip; DCVC; Insight Partners | $65M | $400M | nTopology, a New York-based provider of generative design software for engineers in aerospace, automotive, medical device, and industrial design, secured $65 million in Series D funding on November 18, 2021, led by Tiger Global with participation from Oldslip Group and existing investors Root Ventures, Canaan Partners, DCVC, Haystack, and Insight Partners, bringing total financing to $135 million. The capital aims to expand engineering applications served by its software, which leverages implicit modeling, field-driven design, and a block system, strengthen global presence, and grow the team after a ~40% headcount increase in under a year. The company recently launched a PLM connector to enhance integration for enterprise customers. nTopology serves over 300 customers including Ford, Lockheed Martin, Honeywell, Emerson, and Wilson, with its software enabling design of critical product parts amid advances in manufacturing. John Curtius of Tiger Global highlighted nTopology's potential leadership in engineering software. The funding supports international expansion and feature development, positioning nTopology against competitors in hardware design software amid VC interest in the sector. |
| Sep 2020 | Series C | Insight Partners (lead); GRIDS Capital; Canaan Partners; Grant Verstandig; Haystack; Root Ventures; DCVC | $40M | - | nTopology is a New York-based developer of advanced engineering software, specifically the nTop Platform launched in 2019, which uses an implicit modeling engine for fast, reliable handling of complex geometries in applications like generative design for 3D printing and additive manufacturing. The platform complements traditional CAD systems and targets industries including aerospace, automotive, medical, consumer products, and manufacturing tooling, with users at companies like Lockheed Martin, BAE, and Oak Ridge National Laboratory. On September 15, 2020, nTopology announced a $40 million Series C funding round led by Insight Partners, with participation from existing investors Canaan Partners, DCVC, Haystack, Root Ventures, and individual investor Grant Verstandig, bringing total funding to approximately $67.6 million at that point. The funding was raised remotely in about three weeks amid high demand during the COVID-19 pandemic, which accelerated user adoption and a shift to bottom-up sales from engineers. Originally planning for $30 million, nTopology upsized to $40 million to scale R&D, sales, marketing, and global operations faster. Josh Fredberg from Insight Partners joined the board alongside former Autodesk CEO Carl Bass. The company emphasized making advanced engineering tools accessible to more engineers to innovate faster and address complex design challenges in advanced manufacturing. |
| Jul 2019 | Series B | Canaan Partners (lead); GRIDS Capital; Avidan Ross; James Hardiman | $20M | $90M | nTopology is a New York-based engineering software company founded in 2015, specializing in advanced design platforms for complex geometries, generative design, lattice structures, and topology optimization, primarily serving aerospace, automotive, medical, and consumer sectors with tools like the nTop Platform launched in 2019. The company secured a $20 million Series B round in 2019 led by Canaan Partners, following earlier raises of over $10 million between 2016 and 2017, with investors including Root Ventures and others. This round supported further development of its computational design and manufacturing software. Subsequent rounds included a $40 million Series C in 2020 led by Insight Partners with participation from Canaan, Root, DCVC, Haystack, and Grant Verstandig, aimed at global expansion, R&D scaling, marketing, and broadening access to the nTop Platform. A $65 million Series D followed, led by Tiger Global Management with Oldslip Group and existing investors, pushing total funding to $135 million and valuation over $140 million, focusing on new applications, international markets, and team growth. By 2020, nTopology reported use by hundreds of engineering companies and thousands of engineers, targeting $5 million in annual recurring revenue by year-end with plans to triple it soon after, amid accelerated growth during COVID-19. |
| Nov 2017 | Series A | DCVC (lead); Root Ventures (lead); Tuesday Capital; Haystack; Pathbreaker Ventures; 1517 Fund | $8M | - | - |
| Aug 2016 | Seed | Root Ventures (lead); Bob Pasker; Haystack; Notation Capital; Colin Carrier; Pathbreaker Ventures; 1517 Fund; Greg Schroy; Bob Pasker's Syndicate | $3M | - | - |
Who has invested in nTopology?
19 investors have backed nTopology across its funding rounds, including Haystack, Root Ventures, Canaan Partners, DCVC, Insight Partners and 1517 Fund.
Lead investors include Tiger Global, Insight Partners, Canaan Partners, DCVC and Root Ventures.
nTopology Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 4 | Participant | Aug 2016 | |
| United States | 4 | Lead | Aug 2016 | |
| United States | 3 | Lead | Jul 2019 | |
| United States | 3 | Lead | Nov 2017 | |
 São Paulo | 2 | Participant | Jul 2019 | |
| San Francisco, CA | 2 | Participant | Aug 2016 | |
| New York City, NY | 2 | Lead | Sep 2020 | |
| United States | 2 | Participant | Aug 2016 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Grant Verstandig | Washington, DC | 1 | Participant | Sep 2020 |
| New York City, NY | 1 | Participant | Aug 2016 | |
| San Francisco, CA | 1 | Participant | Nov 2017 | |
| New York City, NY | 1 | Participant | Aug 2016 | |
| Colin Carrier | Los Angeles, CA | 1 | Participant | Aug 2016 |
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Start Free TrialnTopology Competitors
nTopology competitors include listed companies like i2S Corp and Fukui Computer Group, and private ones like aPriori Technologies, 3D VIRTUAL TECHNOLOGIES, LLC, Duality and Vention.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Boston, MA | Private | - | - | $280M | - | |
| 3D VIRTUAL TECHNOLOGIES, LLC | United States | Private | - | - | $215M | - |
| San Francisco, CA | Private | - | - | $145M | - | |
 Montreal | Private | $73M | - | $1.2B | 16.4x | |
 France | Publicly listed | $20M | $970K | $12M | - | |
 Japan | Publicly listed | $107M | $45M | $402M | 2.5x |
nTopology Public Comps
nTopology is still privately-owned, but its public comps include Fukui Computer Group, Rand Worldwide, Moschip Technologies, Celsys, Materialise, Forward Industries, Gstarsoft, Perfect Presentation, Beijing YJK Building and Netcad.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $107M | $45M | 2.5x | 2.5x | 5.9x | - | |||
| $222M | $19M | 1.8x | - | 21.8x | - | |||
| $61M | $6M | 6.8x | - | 72.8x | - | |||
| $61M | $18M | 5.4x | 4.8x | 18.7x | - | |||
| $308M | $32M | 1.2x | 1.1x | 11.2x | 8.7x | |||
| $18M | ($169M) | 31.0x | 10.1x | (3.3x) | 32.7x | |||
| $50M | $7M | 5.5x | 4.7x | 38.1x | - | |||
| $330M | $54M | 2.1x | 1.9x | 12.5x | - | |||
This data is available for Pro users. Sign up to see all nTopology competitors and their valuation data. Start Free Trial | ||||||||
Common questions about nTopology
| When was nTopology founded? | nTopology was founded in 2015. |
| Where is nTopology headquartered? | nTopology is headquartered in New York City, NY, United States. |
| Is nTopology publicly listed? | No, nTopology is a private, VC-backed company. |
| What is nTopology's valuation? | nTopology was last valued at $400M in its Series D in November 2021. |
| How much funding has nTopology raised? | nTopology has raised $135M across 5 funding rounds. |
| What was nTopology's last funding round? | nTopology's last funding round was a $65M Series D in November 2021, led by Tiger Global. |
| Who are nTopology's investors? | nTopology's investors include Haystack, Root Ventures, Canaan Partners, DCVC, GRIDS Capital, Pathbreaker Ventures, Insight Partners, 1517 Fund, Grant Verstandig, Bob Pasker and 9 others. |
| Which companies are comparable to nTopology? | Companies comparable to nTopology include aPriori Technologies, 3D VIRTUAL TECHNOLOGIES, LLC, Duality, Vention, i2S Corp and Fukui Computer Group. |
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