ST. JOHN’S, NEWFOUNDLAND, CANADA – Cadence Design Systems has acquired InspectAR for an undisclosed sum.
InspectAR uses augmented reality to map electronics, labeling PCB schematics on-screen in real-time. Following the deal, InspectAR will continue to operate independently from its headquarters here.
The firm has a second office in the Autodesk Technology Center residency program in San Francisco.
“We’ve only gotten this far with the support of our families, friends, service providers, employees, and investors,” the company said in a statement. “Today, Cadence joins this group, and we couldn’t be more excited for this new chapter of growth and vision.”
The startup raised $850,000 in January from Royal Circuit Solutions and Advanced Assembly.
Since launching, InspectAR claims it has garnered thousands of users and has partnered with companies such as CrowdSupply and Digi-Key.
“We now have far more resources to achieve our goals, and a far broader reach to get valuable insight from customers working in every part of the hardware sphere,” InspectAR said, adding it plans to keep its platform vendor-agnostic, and plans to add additional support for EDA software and lab tools to its platform.
Listen to PCD&F’s Mike Buetow podcast with InspectAR’s development team here: https://upmg.podbean.com/e/pcb-chat-episode-61-inspectar-discusses-electronics-debugging-tools/