Autodesk, a Nasdaq-listed 3D design software company, has bought Vela Systems, a mobile and cloud field management, a company it had previously backed as a corporate venturing investment.
Autodesk joined the venture consortium investing $6m in Vela Systems’ series B round in 2010.
Vela provides mobile field software for the architecture, engineering and construction (AEC) industry and raised $6m in its series A round in 2007 from venture capital firms Commonwealth Capital Ventures and GrandBanks Capital and individuals. All these A round investors repeated in the B round.