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$4.25 Million for Proficiency

Marlborough, MA-based Proficiency, which makes software that allows product designers to transfer product models between various types of computer-aided design programs, said today that it has raised $4.25 million in new venture funding. Catalyst Investments of Israel led the round, joined by Carmel Ventures and Pitango Venture Capital. Catalyst said its network of connections in the aerospace and automotive industries would help Proficiency expand its reach to new users.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.

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