aPriori, a Concord, MA-based provider of enterprise product cost management software, raised $6m in additional funding.
The round was led by Sigma Prime, with participation from existing investor Sigma Partners. In conjunction with the funding, Bill Godfrey, a seasoned executive and former CEO and Founder of Aprimo which was acquired by Teradata, a NYSE corporation, will be joining the aPriori Board of Directors.
The company intends to use the funds to continue to grow the business, accelerate several major product development programs, expand sales and services organization.
Led by Stephanie Feraday, president and CEO, aPriori provides discrete manufacturing and product innovation companies with software and services to generate product cost savings. Using the company’s real-time product cost assessments, employees in engineering, sourcing and manufacturing can make informed decisions to launch products at cost targets, maximize savings in re-work projects and avoid overpaying for sourced parts.