Geomagic

Based in the US, Geomagic provides advanced 3D design solutions that enable precise scan-based reverse engineering, design, and inspection across various industries. Geomagic, founded in 1997, specializes in 3D design software. The company was acquired by Hexagon AB in December 2024 for USD 123 mn. Geomagic operates primarily in the US, with additional global offices.

The company has secured a total of 4 funding deals, with the most recent being an Add-on round that raised USD 123 mn, bringing the total amount raised to USD 55 mn. Geomagic, acquired by Hexagon in April 2025, specializes in providing a comprehensive software suite designed for scan-based reverse engineering, design, and inspection. The core offerings include tools that transform complex 3D scan data into accurate and usable 3D models, primarily aimed at industries facing challenges in reconstructing organic shapes. Their products serve a diverse client base, including sectors such as aerospace, automotive, healthcare, and manufacturing, where precision in design and inspection is critical.

Geomagic's software solutions are deployed across various geographical markets, including North America, Europe, and Asia-Pacific, catering to engineering firms, manufacturers, and design professionals who require robust solutions for high-quality 3D modeling and analysis. Geomagic’s revenue generation model is primarily structured around software licensing and support services, providing clients with the tools necessary for advanced design and inspection capabilities. The company engages in B2B transactions, offering subscription-based licenses that grant users access to their suite of software products, including flagship tools known for their integration with industry-standard CAD systems. Clients typically enter into agreements that may include annual maintenance and support, ensuring they receive updates and assistance as needed.

The pricing structure reflects the specialized nature of the software, targeting professional users in engineering and manufacturing sectors who benefit from tailored solutions that enhance their operational efficiency and product development processes. Geomagic's future growth strategy includes the enhancement of its software capabilities following its acquisition by Hexagon AB in December 2024. The rationale for this acquisition is to introduce new features that will support Geomagic's growth. Geomagic plans to expand its market presence significantly in North America, Europe, and Asia-Pacific, targeting the development of new products to meet evolving industry demands.