Onshape CEO Reinvents Computer-Aided Design with Cloud Technology
Onshape is a modern CAD system that lets engineers focus on doing their best work. Onshape founder and CEO Jon Hirschtick sits down with Alyssa Julya Smith in Los Angeles to talk about how he is revolutionizing the industry and creating streamline processes for engineers.
Computer-assisted design is a $8.7 billion industry that basically creates the blueprint for everything from snowmobiles to medical devices. Onshape has basically designed Google docs for CAD and has big plans, including two new announcements in 2018.
Hirschtick explains that unlike old CAD systems, Onshape unites modeling tools, design data, and workflow in a secure cloud workspace. It allows engineers to access their work on any device, never loses data, and eliminates design gridlock.
Parallel Systems has been selected to receive $4.5 million from the Department of Energy for an advanced testing program of its autonomous, battery-electric rail vehicles. The startup, which has raised more than $53 million to date, was founded by former SpaceX engineers to reimagine the rail system by creating a more efficient, decarbonized freight network. Matt Soule, Co-founder & CEO of Parallel Systems, joined Cheddar's Opening Bell to discuss what the company hopes to achieve.
A bipartisan bill introduced by U.S. Senators Amy Klobuchar (D-MN) and Cynthia Lummis (R-WY) aims to tackle the spread of misinformation on social media platforms, as well as the addictive nature of the sites and negative mental health impacts they have on users. The 'Nudge Act' would require studies to find and compile potential interventions that platforms could use to encourage people to think before they share a post, or log off after spending too much time on an app. The FTC would create rules based on these findings, and hold the platforms accountable. But will it work? Jesse Lehrich, co-founder of Accountable Tech, joins Closing Bell to discuss the bill, whether real results and regulations could come from it, and more.
