Autodesk Acquires Sequoia-Backed Software Design Startup PlanPlatform

Autodesk, the developer of software design applications, has acquired PlanPlatform, a competing company. According to reports, Autodesk shelled out between $20-$30 million for the Israeli startup. Autodesk, a publicly traded company, provides software design applications for a variety of industries, including Architecture, Engineering, Media and Entertainment.

PlanPlatform, formerly known as Visual Tao, develops SaaS that provides engineers with two-dimensional and three-dimensional software drafting tools. The startup recently $4.3 million, with Sequoia Capital leading the round. Autodesk has acquired a number of companies, including Algor, SoftImage and 3D Geo.