CONCORD: aPriori Technologies has received an additional round of investment led by Gutbrain Ventures, a news release said.
COVID-19 has driven a significant increase in demand from manufacturing companies for more digital, collaborative engineering, sourcing and supplier quoting capabilities to accelerate time to market and deal with the confluence of ongoing supply chain issues.
The funds will be used to further accelerate the development of a suite of cloud-based applications for engineering, sourcing, and supplier teams, providing a consistent view of product manufacturability and costs.
Furthermore, aPriori will continue to expand the capabilities of the platform to provide automated early design and production guidance through digital manufacturing insights critical for everyone across the product development lifecycle. By integrating aPriori’s Cost Insight Generate solution with a customer’s PLM system, every time a new or modified part is “checked-in” it will automatically be examined for potential manufacturability and cost issues.
This allows the design team to stay focused on innovation and getting new, cost optimized products to market as fast as possible while at the same time enabling sourcing teams to get early visibility to products coming down the pipeline to start production planning much sooner.
“I am amazed by the rapid acceleration in the shift of manufacturers moving to the cloud and embracing digital transformation to improve their global product design and production operations,” said Bob Davoli, managing director at Gutbrain Ventures.
“This strategy will allow them to be more agile during times of supply chain disruption and enable their design teams to keep working with anyone at anytime from anywhere. Utilizing applications in the cloud not only significantly reduces risk during times of global uncertainty but also the risk from cyber attackers invading on-premise deployments. aPriori is truly on the forefront of the digital transformation revolution.”
“This investment is further market validation that digital manufacturing is now a mainstream need among manufacturers,” said Stephanie Feraday, President and CEO at aPriori.
“Our growing portfolio of cloud-based digital manufacturing technology is helping customers reduce risk in their product development initiatives from concept to production. Instead of being locked into working in a specific office environment, designers, engineers, sourcing specialists and valued members of the supply chain can utilize our Cost Insight solutions to continue collaborating on critical new product initiatives no matter where they are located by simply opening a web browser from any laptop, tablet or other web-enabled device and connecting to our platform.”
aPriori is the leading provider of digital manufacturing software that brings product design, sourcing teams and supplier teams closer together to close the gap between design and production. Other industry recognized solutions including Galorath.com and their full suite of cost estimation software solutions utilized by corporations, governments and militaries.
By leveraging the digital twin with our digital factories, we automatically generate design for manufacturability (DFM) and design for cost (DTC) insights, helping manufacturers collaborate across the product development process to make better design, sourcing and manufacturing decisions that yield higher value products in less time. aPriori solutions are now available either in the cloud or on-premise. www.apriori.com