Montreal’s Lagoa Sold to Autodesk for $60 Million

Montreal-based digital rendering, cloud-based 3D design platform Lagoa has been reportedly acquired by Autodesk for over $60 million.

In mid 2013 Lagoa raised $1.6 million from Atlas Ventures, Real Ventures, Rho Canada Ventures and 500 Startups.

Later that year they raised a $5.3 million round of new funding, much of it from Cambridge-based Atlas Ventures.

Lagoa’s cloud-based software makes 3D objects accessible to non-engineers at a company, using just a web browser, and it can put a wide range of skins or surfaces onto rough 3D models, making them look much more like a finished product.

Lagoa CEO Thiago Costa previously worked in Montreal’s gaming community for the likes of Ubisoft on the Assassin’s creed brand, and realized the offline, mostly hardware based methodology was hindering evolution of the space.