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aPriori customers today primarily collaborate within their organization. The pressure of bringing a differentiated product to the market faster is driving the need for early collaborations between manufacturers and their suppliers.
FREMONT, CA: Leading Product Cost Management (PCM) software provider aPriori, raised capital of USD 26.8 million in a Series C funding round led by Autodesk, with participation from NewSpring Capital, PBJ Capital, Oyster Angel Fund, Sigma Prime Ventures, and Gutbrain Ventures. aPriori is a leading manufacturer of PCM software featuring Design for Manufacturing (DFM) and Design to Cost (DTC) solutions.
The finance raised will be used to accelerate the development of a range of target applications for engineering, sourcing, and manufacturing teams, providing a consistent view of costs and a platform for working together. "Our customers come to us for early cost and manufacturability insights to respond to the incredible pressure to shorten product development timelines and increase product value. This investment round is market validation that product cost management is becoming a mainstream need among manufacturers. aPriori is committed to extending our products to help customers drive fast and sustained value across their organization," said Stephanie Feraday, president and CEO of aPriori.
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aPriori customers today primarily collaborate within their organization. The pressure of bringing a differentiated product to the market faster is driving the need for early collaborations between manufacturers and their suppliers. The timing of the investment is also conveniently aligned with the market trends, shifting manufacturing to the cloud. The funds will help improve aPriori's cloud platform, cost insight, extend manufacturing cost simulations, and expand aPriori's global footprint, especially in Europe and the Asia Pacific region.
"Cost is a critical factor in design and manufacturing. Our work with aPriori will introduce manufacturing cost insights into generative design in Autodesk Fusion 360, providing designers and engineers with a key layer of information in the early stages of the product development process. Our customers will be able to quickly generate multiple design outcomes that are both manufacturing- and cost-aware so that they can rapidly evaluate design trade-offs. This kind of insight can help companies speed up their development process and provide the competitive advantage needed to thrive in the future. We chose to work with aPriori because their solutions lead the industry in manufacturing simulation and cost insight," said Stephen Hooper, vice president and general manager for Fusion 360 at Autodesk.
The kind of insight provided by aPriori can help companies speed up their development process and also give them the competitive edge needed to thrive in the future. Today, leading manufacturers from various industries like aerospace and automotive, to industrial equipment and high-tech make use of aPriori products. "aPriori started providing early cost visibility to design engineers in a nascent market, and their product has evolved into a robust cost and manufacturing analysis platform that saves manufacturers millions of dollars every year," said Bob Davoli, managing partner at Gutbrain Ventures.
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