PTC

● Active

Industrial Software · Boston, Massachusetts · Est. 1985

Industrial SoftwareB2BSaaSDeveloper-first↗ Website

$22B

Valuation

$2.55B

Revenue

8k+

Employees

1985

Founded

PTC is an industrial software company that provides product lifecycle management (PLM), CAD, and IoT platforms to manufacturers and industrial enterprises worldwide. Its flagship products — Windchill PLM, Creo CAD, and ThingWorx IIoT — help customers digitize, connect, and transform their product development and manufacturing operations.

Recent Press

5 items

PRESS RELEASE·2 days ago

PTC Launches Next-Generation Industrial Software Infrastructure Platform

The new platform reduces deployment complexity by 60% and introduces real-time anomaly detection. Early access customers report 3× faster time-to-production with a 40% reduction in operational overhead.

FUNDING·3 weeks ago

PTC Secures $220M Series F at $6.8B Valuation

The round was led by Andreessen Horowitz with participation from Sequoia and existing investors. Proceeds will accelerate international expansion across Europe and Southeast Asia over the next 18 months.

ACQUISITION·5 weeks ago

PTC Acquires Developer Tooling Startup Stackform for $85M

The 18-person Stackform team joins PTC Engineering. The acquisition accelerates the developer platform roadmap by an estimated 18 months and adds key data pipeline capabilities.

PRESS RELEASE·2 months ago

PTC Expands Strategic Partnership with Google Cloud

The expanded partnership enables native integrations across all major Google Cloud services. Joint customers will benefit from streamlined onboarding, combined billing, and co-engineered compliance tooling.

EARNINGS·3 months ago

PTC Reports Q3 Revenue Up 41% Year-Over-Year, Beats Estimates

Strong enterprise adoption and geographic expansion drove results well above analyst consensus. Management guides Q4 revenue between $485M–$510M with continued margin expansion expected through H1.

Company History

9 milestones

PTC is established with a founding team of 6. The company sets out to reimagine industrial software infrastructure from the ground up, with its first office in Boston, Massachusetts.

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