PTC Sets up Collaborative Agreement with AWS

PTC has entered into a strategic collaboration agreement (SCA) with Amazon Web Services (AWS) to boost 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.

The Onshape team and AWS will collaborate on several product and go-to-market (GTM) priorities, including:

• Onshape Discovery Program: The program allows qualified users to try Onshape Professional for free for up to 6 months. 
• Onshape AI Advisor: Onshape AI Advisor will allow users to design products faster by cataloguing the Onshape resource library of text-based documentation and videos and answering questions or making recommendations during the design process. 
• CAD and PDM Conversion Tools: This collaboration will allow the expansion of the capabilities of Onshape intelligent data migration toolsets. 
• Onshape Government: 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,” says 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.” 

 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. 

"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,” says 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.” 

Sources: Press materials received from the company and additional information gleaned from the company’s website.