aPriori locks in Series C

Funding Rounds

▤ Summary

Radnor, PA – September 17, 2019 – NewSpring (the “Firm”), a family of private equity strategies, announced today that NewSpring Growth (“NewSpring”), the Firm’s dedicated growth and expansion strategy, has completed a Series C financing round in aPriori, a leading provider of enterprise product cost management software featuring design for manufacturability and cost solutions. aPriori is illustrative of NewSpring’s commitment to partnering with transformative, high-growth companies led by innovative management teams that are changing the landscape of their industries. Based in Concord, MA, aPriori will use the proceeds to accelerate the development of a suite of role-based applications for engineering, sourcing, and manufacturing teams, providing a consistent view of costs and a platform for working together. aPriori has developed a way to simplify this process while also providing greater cost visibility and speeding time to market,” said Michael DiPiano, Managing General Partner and co-founder of NewSpring. With aPriori, manufacturers launch products at cost targets, maximize savings in re-work projects and avoid overpaying for sourced parts.

$ Funding

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Amount $26.8M Total raised
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Date September 10, 2019 Announcement date
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Investors - Lead investors
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Company www.apriori.com Funded company

▥ Classifications

industries
No industries detected
applications
Engineering & Scientific

◇ AskAI Classifications

Labels
Manufacturing Software Digital Manufacturing Simulation Product Lifecycle Management (PLM) Software

▦ Linked Companies