CAMBRIDGE, Mass., July 1, 2019 /PRNewswire-PRWeb/ -- Onshape, the leading cloud product development platform for design and manufacturing teams, has been selected as one of the world's 56 most promising "Technology Pioneers" by the World Economic Forum. Onshape speeds up product development with an all-in-one system combining CAD, release management, workflow, collaboration, analytics, admin tools, and an API with more than 50 engineering applications.

The World Economic Forum's Technology Pioneers are early-to-growth-stage companies that are involved in the design, development and deployment of new technologies and innovations, and are poised to have a significant impact on business and society. Technology Pioneers are chosen by a selection committee of academics, entrepreneurs, venture capitalists and corporate executives. Past recipients include Airbnb, Google, Kickstarter, Mozilla, Palantir Technologies, Spotify, TransferWise, Twitter and Wikimedia.

"We're excited to welcome Onshape to this year's innovative class of technology pioneers," says Fulvia Montresor, Head of Technology Pioneers at the World Economic Forum. "Onshape and its fellow pioneers are leaders in using novel technologies to transform their industries. We see great potential for these next-generation companies to shape solutions to global challenges and improve society for years to come."

This year's Tech Pioneers are emerging innovators from a diverse set of industries, including:. agtech, smart cities, cleantech, supply chain, manufacturing, cybersecurity, autonomous vehicles and drones. The diverse 2019 class of honorees represent every continent except Antarctica and 25% of the companies are female led.

"It's gratifying to be recognized as a technology pioneer by the World Economic Forum," says Jon Hirschtick, Onshape co-founder and CEO. "We're extremely proud of our role in helping international product development teams speed up communication, improve collaboration and expand their talent pools to develop better medical devices, machinery, robotics and countless other products that are making a better world."

The full list of the World Economic Forum's 2019 Technology Pioneers is available at http://wef.ch/techpioneers19. Additional information on past winners can be found here.

# # #

ABOUT THE WORLD ECONOMIC FORUM

The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. For more information, visit http://www.weforum.org.

ABOUT ONSHAPE

Onshape is a next-generation cloud design platform that speeds up product development. It's an all-in-one system that combines CAD, release management, workflow, collaboration, analytics, admin tools, and an API with more than 50 engineering applications. Onshape helps extended design teams work together faster and helps executives make better business decisions with real-time analytics and unprecedented visibility into their company's design and manufacturing processes.

Thousands of companies rely on Onshape to modernize and streamline their product development cycle. Onshape users in 170+ countries have logged over 7 million hours modeling advanced robotics, biomedical devices, industrial machinery, agriculture equipment, and consumer products. With 1 in 8 sessions occurring on mobile devices, Onshape is the world's first anywhere, anytime CAD product development platform.

Founded in 2012, Onshape has raised $169 million from Andreessen Horowitz, NEA, North Bridge, and other leading investors. Based in Cambridge, Massachusetts, the Onshape leadership team includes the original creators of SOLIDWORKS® and other proven leaders in cloud infrastructure, data security, and mobile. For more information, contact dgarnick(at)onshape(dot)com or visit onshape.com/press-room

SOURCE Onshape