Software startup Arena Solutions announced it has secured a new round of funding from JMI Equity.
Arena offers a product development platform that delivers a suite of cloud PLM/QMS/ALM applications enabling engineering, manufacturing and their extended supply chains to work better together, from first prototype to full-scale production. Arena seeks to help innovative manufacturers bring better products to market faster with cloud offerings that speed prototyping, reduce scrap and help manufacturers collaborate on product changes with strategic partners across the globe.
According to the company, it will use the proceeds for its continued growth and expansion.