aPriori Technologies: CORRECTING and REPLACING aPriori Accel

aPriori Technologies: CORRECTING and REPLACING aPriori Accelerates Digital Cloud Platform Through C Round Follow-on Investment Led By Gutbrain Ventures


aPriori Technologies: CORRECTING and REPLACING aPriori Accelerates Digital Cloud Platform Through C Round Follow-on Investment Led By Gutbrain Ventures
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210413006200/en/
The updated release reads:
APRIORI ACCELERATES DIGITAL CLOUD PLATFORM THROUGH C ROUND FOLLOW-ON INVESTMENT LED BY GUTBRAIN VENTURES
aPriori, the leading provider of digital manufacturing software, featuring design for manufacturability (DFM) and cost (DTC) solutions, announces today that the company has closed a $5M C Round follow-on valued at over $200M led by Gutbrain Ventures.
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. Demand for aPriori's Cost Insight Cloud Platform accelerated significantly in the past 2 quarters. These additional funds will be used to expedite the development of a suite of cloud-based applications for engineering, sourcing, and supplier teams, providing a consistent, cohesive view of product manufacturability and costs.

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