Steinmetz vs PTC
Side-by-side comparison of AI visibility scores, market position, and capabilities
EV power electronics startup with 3x power density motor controllers using SiC; 200kW peak through volume of 3 cans, targeting inverter supply as EV manufacturers move to wide-bandgap semiconductors.
About
Steinmetz is a power electronics company developing next-generation motor controllers and inverters for electric vehicles using silicon carbide (SiC) and wide-bandgap semiconductor technology to achieve dramatically higher power density than conventional EV power electronics — producing inverters with 3x greater power density than the state of the art while maintaining equal or greater efficiency, enabling EV systems that are smaller, lighter, and lower cost. Backed by investors including Y Combinator, Steinmetz's lead product is a motor controller that drives 200kW peak power through a volume equivalent to three yerba mate cans.
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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