Singapore’s Sconce Solutions raises capital, plans expansion

Singapore-based Sconce Solutions, which has developed a “shape search technology” for the engineering world, has raised more capital from existing investors Accel Partners India and other strategic angels, it announced last month.

The infusion will fuel its plans to set up an office in the US and expand across various horizontal and vertical sectors that could benefit from its technology.

Sconce also announced the addition of industry veteran Steven C. Walske to its Board of Advisors.

Their search technology, Bingo!, is basically “a search mechanism for identifying and retrieving 3D CAD components from a repository based on 2D/3D shape inputs.” It purports to be more accurate and useful than competitors.

While design reuse is an industry practice that could bring huge cost savings, ineffective search tools like metadata based indexing hamper its adoption.

Recently, they have secured million dollar deals with a leading Formula One Racing group in Europe and a Medical Instruments Multinational based in North America.