aPriori offers a cloud-based, end-to-end digital twin solution that helps manufacturers and product designers accurately estimate, manage, and optimize production costs and sustainability. The platform is designed to boost manufacturers’ digital thread investments to deliver business value at scale, increase agility, and minimize risk. aPriori’s solution is used by global manufacturers including Carrier, Boeing, Danfoss, GE Appliances, Thales, Vestas, Navistar, and Toyota. Led by CEO Stephanie Feraday, the company plans to use the new funding to support continued innovation and meet demand for its solution. The financing was described as a growth investment; the amount was not disclosed. No other financial metrics or prior rounds were reported in the article. aPriori provides digital manufacturing software that generates DFM and DTC insights and leverages digital twins and digital factories to connect product design, sourcing, and supplier teams. The company closed a $5M C Round follow-on valued at over $200M led by Gutbrain Ventures. COVID-19 and ongoing supply‑chain issues have driven significant demand for its Cost Insight Cloud Platform, which accelerated notably in the past two quarters. The new funds will be used to expedite development of a suite of cloud-based applications for engineering, sourcing, and supplier teams to provide a cohesive view of manufacturability and costs. aPriori plans to extend platform capabilities to deliver automated early design and production guidance and to integrate its Cost Insight Generate solution with customers' PLM systems to automatically examine new or modified parts. That integration is intended to help design teams focus on innovation while giving sourcing teams earlier visibility for production planning. aPriori solutions are available in the cloud or on-premise and the company is based in Concord, Mass. aPriori provides enterprise product cost management (PCM) software that delivers real-time product cost and manufacturability assessments for engineering, sourcing, and manufacturing teams. Its platform includes design-for-manufacturability (DFM) and cost (DTC) solutions and the cloud-based Cost Insight product. Customers across aerospace, automotive, industrial equipment, and high-tech use aPriori to gain early cost visibility, reduce rework, and avoid overpaying for sourced parts. The company plans to accelerate development of target applications for engineering, sourcing, and manufacturing and to extend its manufacturing cost simulations. aPriori is also focused on enhancing its Cost Insight cloud platform and expanding its global footprint, particularly in Europe and the Asia Pacific region. The company highlights integration of manufacturing cost insights into Autodesk Fusion 360 to provide costing for generative design. aPriori provides enterprise product cost management software and services that generate hard-dollar cost savings for discrete manufacturing and product innovation companies. Its real-time cost assessments help engineering, sourcing, and manufacturing teams make decisions to launch products at cost targets, maximize rework savings, and avoid overpaying for sourced parts. The company reported record revenues and customer acquisition for the fiscal year ended April 30, 2013, including 84% annual revenue growth, 367% annual international bookings growth, a 62% increase in customers, and a 90% customer renewal rate for the fifth consecutive year. Management said the new capital will be used to expand the sales and services organization and accelerate several major product development programs. aPriori plans to capitalize on growing global opportunities in key verticals such as automotive and aerospace. The company also announced Bill Godfrey, founder and former CEO of Aprimo, will join its board. aPriori is a provider of product cost management software solutions that generate hard-dollar product cost savings for discrete manufacturing and product innovation companies. Its real-time product cost assessments help engineering, sourcing and manufacturing teams make more-informed decisions to drive costs out of products pre- and post-production. The company reported record results for fiscal year 2012 ended April 30. aPriori plans to use the new funding to expand its sales and services teams in Europe and accelerate development of its sales channel in the Asia/Pacific region. It will continue investing in product costing capabilities for expert cost engineers and sourcing personnel and expand best practices within its professional services organization. The company is also funding a Supplier Network initiative aimed at helping suppliers in automotive, aerospace and industrial machinery generate faster, more accurate quotes and embed aPriori’s quote generator into customer deployments.

Total raised

$43M

Funding rounds

5

Latest round

Series C

Latest activity

Apr 2021