Emeritus Associate Professor Mike Philpott’s company, aPriori Technologies – the leading provider of digital manufacturing software featuring design for manufacturability (DFM) and cost (DTC) solutions – announced last week that they completed a Series D investment round of $30 million, bringing the company’s valuation to $280 million.
The software is utilized by MechSE students in the ME design stem courses as well as by a significant number of global manufacturing corporations.
“This new funding will really help us expand our DFM solution into new industry sectors and reach a greater global audience. We are really excited about this opportunity, and the $280 million valuation the funding inspired,” said Philpott.
aPriori is the leading provider of digital manufacturing software that brings product design, sourcing teams, and supplier teams closer together to close the gap between design and production. By leveraging the digital twin with our digital factories, we automatically generate design for manufacturability (DFM) and design for cost (DTC) insights, helping manufacturers collaborate across the product development process to make better design, sourcing, and manufacturing decisions that yield higher value products in less time. aPriori solutions are now available either in the cloud or on-premise.