Elodin vs PTC
Side-by-side comparison of AI visibility scores, market position, and capabilities
California YC W24 aerospace flight simulation and software platform at $1.2M revenue 2024; $2.61M funded with NASA Armstrong integration and Aleph open-source flight computer competing with Simulink for unified drone/satellite/defense flight software development.
About
Elodin is a California-based aerospace simulation and flight software platform — backed by Y Combinator (W24) with $2.61 million in total funding from Y Combinator, Leonis Investment, and Soma Capital — providing aerospace engineers, defense contractors, and UAV developers with a unified platform for designing, simulating, testing, and deploying flight software and control systems for drones, satellites, and defense applications. Founded in 2023 and generating $1.2 million in revenue in 2024 with 8 employees, Elodin developed the Aleph open-source flight computer, secured a NASA Armstrong Flight Research Center integration, and has an Albatross UAS delivery milestone targeting June 30, 2025 — demonstrating the defense and research institution customer validation that aerospace software requires.
Boston industrial CAD/PLM software (NASDAQ: PTC); FY2025 8.5% ARR growth, Kepware/ThingWorx IoT divested to TPG (Nov 2025) under new CEO Neil Barua competing with Siemens Teamcenter for discrete manufacturer PLM.
About
PTC Inc. is a Boston, Massachusetts-based industrial software company — publicly traded on NASDAQ (NASDAQ: PTC) as an S&P 500 component — providing computer-aided design (CAD), product lifecycle management (PLM), application lifecycle management (ALM), service lifecycle management (SLM), and industrial IoT software to manufacturers across aerospace, defense, automotive, medical devices, and industrial machinery. In FY2025 (fiscal year ended September 30, 2025), PTC reported 8.5% ARR growth and 16% free cash flow growth, with Q4 FY2025 revenue up 39% in constant currency and 18% year-over-year. CEO Neil Barua took over from long-tenured CEO James Heppelmann in February 2024 and introduced the "Barua Blueprint" refocusing PTC on its core CAD/PLM/ALM/SLM strengths. In November 2025, PTC announced the divestiture of its industrial IoT assets — Kepware and ThingWorx — to TPG, sharpening its portfolio around design and lifecycle management software. PTC's product portfolio includes Creo (3D parametric CAD for mechanical engineers), Windchill (PLM for product data and process management), Onshape (cloud-native CAD platform), and Arena (cloud-native PLM/QMS).
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