aPriori, a Concord, Mass.-based provider of product cost management software solutions, has raised $5m in venture capital from existing investor Sigma Partners.
The company intends to use the funding to expand its sales and services teams in Europe, accelerate development of its sales channel in the Asia/Pacific region, increase its product costing capabilities, and ramp a new Supplier Network initiative, which addresses demand from suppliers in the automotive, aerospace and industrial machinery industries for its costing solution.
Led by Stephanie Feraday, president and CEO, aPriori provides software and services designed to generate real-time product cost assessments and savings for discrete manufacturing and product innovation companies.
FinSMEs
16/07/2012