“McKinney has been a great place for us to grow our business," Sigmetrix President James Stoddard said in a statement. "The expansion of our headquarters has a lot to do with the local market, and the Innovation Fund grant was confirmation for us to continue scaling our business in McKinney.”
The Innovation Fund was established by MEDC in January as a way to award grant funding to startups and other companies that do not necessarily qualify for traditional economic incentives.
Sigmetrix has been in McKinney since its inception in 1999. It offers customers tolerance analysis and standards-based Geometric Dimensioning and Tolerancing, or GD&T, authoring software. Sigmetrix also provides training and consulting services on mechanical variation, GD&T and dimensional management.
“Sigmetrix has continued to expand in McKinney since 1999, and we are proud to partner with this advanced company to continue supporting high-skilled, high-wage companies in McKinney’s growing technology ecosystem,” MEDC Project Manager Madison Clark said in a statement.
The Innovation Fund has also assisted various startups, such as Alanna.ai, Invene, MyTelemedicine and CourMed, that have expanded in McKinney this year.
As part of its expansion, Sigmetrix is leasing 5,200 square feet in the Valliance Bank Building at 5900 S. Lake Forest Drive, McKinney. Its former headquarters was at 2240 Bush Drive, McKinney.
The addition of seven new positions will bring Sigmetrix’s total to 36 employees. 972-542-7517. www.sigmetrix.com