Aras provides an open, low-code platform and suite of digital solutions that span the product lifecycle from global product development and systems engineering to manufacturing, maintenance, and digital twins. Its technology enables rapid delivery of flexible, upgradeable solutions that connect users across disciplines and the extended supply chain to critical product data and processes. Large enterprises including Microsoft, Honda, Airbus, Audi, DENSO, GE, Kawasaki, Mitsubishi, and Nissan use Aras to digitalize mission-critical processes and replace legacy systems. The company says it will use new investment to accelerate low-code platform innovation, extend cloud technology leadership, and drive global expansion and customer success. Management also signaled plans to grow through both organic R&D and acquisitions. No revenue or user metrics were disclosed in the announcement. Aras offers an open, flexible PLM platform and applications that connect disciplines and functions across the extended enterprise, serving large manufacturers. The platform targets PLM as well as maintenance, repair and overhaul (MRO) and quality management systems (QMS). Aras positions its open architecture to enable digital transformation projects for complex, connected products and highlights its Aras Innovator product innovation platform. The company plans to use new capital to expand global operations, accelerate in-house development, and pursue technology acquisitions. Operationally, Aras has expanded offices in the United Kingdom and Italy, doubled its U.S. headquarters footprint, and grown global headcount by more than 50 percent. The company was recently named a Leader in the Forrester Wave for Product Lifecycle Management for Discrete Manufacturers. Aras develops an open, flexible, scalable and upgradable enterprise Product Lifecycle Management (PLM) platform and applications that connect users across disciplines to critical product information and processes. The platform enables digital thread traceability and the creation of digital twins for complex products such as cars, ships, and aircraft engines. Aras emphasizes a “SaaS Anywhere” approach and targets transformation across systems engineering, simulation, smart manufacturing, and predictive maintenance. Customers named in the announcement include Airbus, BAE Systems, GE, GM, Hitachi, Honda, Kawasaki Heavy Industries, and Microsoft. Headquartered in Andover, Mass., Aras announced a $40 million minority investment to support growth, expand operations including service and support, and further extend its technology through development and acquisitions.

Total raised

$110M

Funding rounds

3

Latest round

Series D

Latest activity

Nov 2018