Pittsburgh, PA – DesignAdvance Systems, Inc., an electronic design automation (EDA) and computer aided design (CAD) software developer, has completed a $3 million second round of funding.
 
Randy Eager, CEO, noted that the additional funds will be used to “add the necessary sales, support and marketing staff to hit our sales targets for 2006 and beyond.”
 
The company has also graduated from The Technology Collaborative Jumpstart program. The economic development organization supports the growth of
Pennsylvania’s digital technologies, robotics and cyber-security industries.
 
“The resources and infrastructure of The Technology Collaborative gave us many advantages we needed to start and run our business,” continued Eager. “They provided us with initial contacts to potential customers; rent free office space next to Carnegie Mellon University, our technology licensor; and a sounding board for new ideas.”