aPriori, a Concord, MA-based provider of enterprise product cost management software featuring design for manufacturability and cost solutions, received an investment from NewSpring.
Along with its investment, NewSpring’s Michael DiPiano will join the aPriori Board of Directors. The amount of this Series C financing was not disclosed.
The company will use the funds 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 and to expand international operations to support their many global customers and supplier communities.
Led by Stephanie Feraday, President and Chief Executive Officer, aPriori provides software and services that generate product cost savings for discrete manufacturing and product innovation companies. Using the real-time manufacturability and product cost assessments, employees in engineering, sourcing, and manufacturing can make informed decisions that drive costs out of products pre- and post-production.
With aPriori, manufacturers launch products at cost targets, maximize savings in re-work projects and avoid overpaying for sourced parts.