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Software products company S-Cube Futuretech Pvt Ltd has raised funding in a Series A round from venture capital firm Parampara Capital, people familiar with the matter said on Wednesday. This is the first investment that Paramapara Capital has made from its Parampara Early Stage Opportunities Fund I, which raised about $16 million in July to back early-stage startups. Parampara has invested around Rs 6.5 crore ($1 million) to pick up a significant minority stake in the Mumbai-based firm, the people cited above said. S-Cube will use the funds for product development and to strengthen its presence in West Asia and Southeast Asia, they said. Separate email queries to Parampara Capital and S-Cube Futuretech did not elicit a response by the time of filing this article. Founded in 2004 by Sajit V R Nair and Vishwas Date, S-Cube Futuretech offers software solutions to the structural and civil engineering industry. It has developed off-the-shelf products for automating structural planning and design. The company's clients include Tata Consulting Engineers, Sterling Engineers, Engineers India Ltd and Toyo Engineering. It also gets orders from Japan, Malaysia, Indonesia and Iraq. Parampara Capital was set up by Venkat Vallabhaneni, Jatin Desai and Sridhar Rampalli. Vallabhaneni is the anchor investor to the fund while Desai is the keyman and Rampalli is the CIO. Vallabhaneni previously founded IT services provider Accurum Inc, which was acquired by Kanbay in 2005. He also led the technology vertical at Bank of America and was instrumental in setting up its offshore India entity. He is also an angel investor. Desai was CIO at Bank of America and CTO at DSP Merrill Lynch in India before joining Parampara Capital. Rampalli is the founder partner of Blue Ocean Multi Client Family Office and a former wealth manager at Anand Rathi Financial Services. The VC fund seeks to invest across healthcare, consumer, financial and industrial sectors. Elbrus Capital acted as the sole advisor on the transaction.

Parampara Capital invests in S-Cube Futuretech

Sajit V R Nair,  CEO
The structural engineering industry today is at the forefront of the technological revolution that this decade of the millennium is witnessing. Innovations in this particular field of engineering have pushed the boundaries of human capabilities, creating a platform for further development. A few fine examples of these would be inventions such as the Google Self Driven car and the needleless vaccination which have set the stage for the many technologies marvels that are to follow in the years to come. This revolution in the field of structural engineering could be attributed to the liberal use of modern software which often enables engineers to push the boundaries of their imagination and think outside the box. Modern software have created an open platform for engineers to carefully plan out each and every aspect of their design and even run through simulations predicting potential scenarios through which a particular product or building could be put through. The most ideal software ecosystem for an engineer would incorporate the elements of planning and modelling, structural analysis, design and detailing, drawing and fabrication detailing, documentation and estimation. S-Cube is a company that was brought into existence to provide such software ecosystems to engineers. S-Cube Futuretech was conceived in 2012 by Sajit Nair and Vishwas Date, two career structural engineers in the city of  Mumbai in India, who were perplexed by the lack of effective automation in their industry. They leveraged their experience as structural engineers along with their expertise in advanced computing tools to forge the cornerstones of S-Cube. Through S-Cube, the founders aimed to challenge the then existent fragmented ecosystem with software that worked in silos and successfully created a workflow that was completely automated and integrated. Starting out with this, S-Cube was eventually host to software that revolved around its founders’ principles of simplicity and transparency which would foster progress in the industry.S-Cube’s product portfolio consists of RCDC, PlanWin and Steel AutoDrafter. The soon to be launched next generation RCDC FE takes the traditional RCDC to the next level by covering elements modelled as finite elements. It facilitates 3D interactive detailing which greatly enhances visualization and makes life substantially easier for engineers working on various complex structural designs. S-Cube’s products have been known to deliver 75 percent resource and 65 percent cost savings in the structural engineering processes. This attribute has made the company a top draw amongst the engineers and engineering organizations. Over the past four years it has also earned the company a huge clientele of over 600 companies, primarily comprising of industry leaders such as Engineers India Ltd, Toyo Engineering, BuroHappold, Ramboll, etc. The company also caters to Indian government organizations such as the Central Public Works Department and the Delhi Metro Rail Corporation. Over the years, S-Cube has successfully addressed several critical challenges faced by engineers such as lack of integration in the workflow, reduced project timelines, frequent changes in project requirements, increasing scale and complexity in projects and inflation. S-Cube aspires to establish a unique identity by becoming the world’s first engineering delivery process management platform
Having established itself as a go-to-brand for engineering solutions in India, S-Cube seeks to take its unique bouquet of products and services to the global market. It aspires to establish a unique identity by becoming the world’s first engineering delivery process management platform. “We also intend to use our expertise to advice organizations on how to maximize efficiencies of their IT / software infrastructure,” adds Sajit V.R. Nair, CEO S-Cube.

S-Cube Future Tech - The Backbone of Structural Engineering

Blog: Additive manufacturing meets IIoT, or, how to print passive sensors

New Capabilities Advance Structural Concrete Analysis, Design, and      Documentation Solutions
January 23, 2018 04:56 PM Eastern Standard Time
EXTON, Pa.--( BUSINESS WIRE )--Bentley Systems, Incorporated, a leading global provider of      comprehensive software solutions for advancing infrastructure,      today announced the acquisition of Mumbai-based concrete building design      and documentation software company S-Cube Futuretech Pvt. Ltd. The      addition of S-Cube Futuretech’s applications expands Bentley’s offerings      specific to the needs of concrete engineering design and documentation      software users in India, South East Asia, and the Middle East. S-Cube Futuretech’s applications, including RCDC, RCDC FE, RCDC Plan,      and Steel Autodrafter, deliver flexible and powerful design and      documentation solutions for structural concrete building engineers and      designers. Automated concrete documentation is localized to regional      requirements and provides users with compelling value and capabilities      which are complementary to Bentley’s widely used structural analysis,      steel design, and BIM applications, STAAD, RAM, and AECOsim Building      Designer. “More than two billion people will fill the world’s cities over the next      30 years. This growth will continue to be concentrated in the developing      markets of Asia, particularly India, China, and South East Asian      countries. Efficient, automated, concrete design and detailing tools      will be instrumental to every nation’s ability to address this demand,”      said Raoul Karp, Bentley’s vice president of design engineering analysis. Since 2014, Bentley Systems and S-Cube have collaborated to develop      fully integrated concrete design and analysis applications. The      acquisition brings together the knowledge base of S-Cube and Bentley’s      respective teams of experts, representing decades of combined industry      experience to provide state-of-the-art structural design and analysis      technology. “We are excited to be joining with S-Cube’s expert team whose proven      technology provides interactive and automated concrete design and      drawing capabilities to our STAAD, RAM, and AECOsim Building Designer      users. S-Cube brings a wealth of experience in providing concrete design      and drawing automation for the India, Middle East, and Southeast Asia      markets,” said Santanu Das, senior vice president of design engineering      for Bentley. Sajit Nair, CEO of S-Cube Futuretech said, “As a global leader in the      structural analysis and design space, Bentley brings state-of-the-art      BIM and structural analysis technology, a strong user-centric ethos, and      global market experience that will help scale our solutions to a much      broader market. We are excited about bringing more functionality and      capabilities to more users globally, in a shorter timeframe than we      would have been able to otherwise.”
About S-Cube Futuretech
S-Cube Futuretech was founded in 2012 by a team of dynamic engineers      with the vision and belief that they could revolutionize the way      engineers work. Its primary focus is designing and developing      software-based process automation and integration solutions for the      engineering industry. For additional information, visit www.s-cube.in . About Bentley Systems
Bentley Systems is a global leader in providing engineers, architects,      geospatial professionals, constructors, and owner-operators with      comprehensive software solutions for advancing the design, construction,      and operations of infrastructure. Bentley users leverage information      mobility across disciplines and throughout the infrastructure lifecycle      to deliver better-performing projects and assets. Bentley solutions      encompass MicroStation applications for information modeling, ProjectWise collaboration services to deliver integrated      projects, and AssetWise operations services to achieve intelligent      infrastructure – complemented by comprehensive managed services      offered through customized Success Plans. Founded in 1984, Bentley has more than 3,000 colleagues in over 50      countries, more than $600 million in annual revenues, and since 2011 has      invested more than $1 billion in research, development, and      acquisitions. For more information about Bentley, visit www.bentley.com . Bentley, the “B” Bentley logo, AECOsim Building Designer, AssetWise,      MicroStation, ProjectWise, RAM, and STAAD are either registered or      unregistered trademarks or service marks of Bentley Systems,      Incorporated or one of its direct or indirect wholly owned subsidiaries. All other brands and product names are trademarks of their respective      owners. Related Images:

Bentley Systems Expands Concrete Building Design and Documentation Offerings through Acquisition of S-Cube Futuretech

Acquired

S-Cube Futuretech offers software solutions to the structural and civil engineering industry. It has developed products for automating structural planning and design.

Date	Round	Amount	Investors	Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.	Revenue	Sources
1/22/2018	Acquired		Bentley Systems	$XXM	0 FY undefined	3
10/16/2015	Seed VC		Subscribe to see more	$XXM	0 FY undefined	10

Date	1/22/2018	10/16/2015
Round	Acquired	Seed VC
Amount
Investors	Bentley Systems	Subscribe to see more
Valuation	$XXM	$XXM
Revenue	0 FY undefined	0 FY undefined
Sources	3	10

First funding	Last Funding	Investor	Rounds	Board Seats	Type	Location
1/22/2018	1/22/2018	Bentley Systems	1 Acquired		Corporation	Pennsylvania
00/00/0000	00/00/0000	Parampara Capital	Subscribe to see more		Venture Capital	India

First funding	1/22/2018	00/00/0000
Last Funding	1/22/2018	00/00/0000
Investor	Bentley Systems	Parampara Capital
Rounds	1 Acquired	Subscribe to see more
Board Seats
Type	Corporation	Venture Capital
Location	Pennsylvania	India

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