CONCORD, Mass.—Software platform developer aPriori will use a growth investment from Vista Credit Partners to support continued innovation and meet growing demand for its cloud-based platform. The platform empowers manufacturers and product designers to accurately estimate, manage, and optimize production costs and sustainability, aPriori said in a release.
Vista Credit Partners is a subsidiary of Vista Equity Partners and a strategic financing partner focused on the enterprise software, data, and technology markets.
“The aPriori Manufacturing Insights Platform helps manufacturing executives transform their businesses by simulating the digital impact that new and existing product designs will have on cost, as well as carbon emissions, manufacturability, supply chain availability, and other attributes,” said aPriori President and Chief Executive Officer Stephanie Feraday, in a statement. “Vista Credit Partners provides us with resources and expertise to help drive our continued success.”
According to the release, rising material and energy costs, supply chain instability, and an evolving regulatory environment make it difficult for manufacturing leaders to optimize production costs and sustainability efforts. The aPriori Manufacturing Insights Platform is reported to help meet these challenges by connecting teams and their product data, including design and cost engineering departments, sourcing and procurement teams, sustainability groups, and suppliers. This provides an end-to-end solution to automate product manufacturing cost estimations, increasing profitability while mitigating downstream production issues and time-to-market delays, the company said.
Prominent global manufacturers, including Carrier, Boeing, Danfoss, GE Appliances, Thales, Vestas, Navistar, and Toyota, are said to trust aPriori to drive product design efficiency and cost savings.
“Vista Credit Partners is proud to support innovative enterprise software companies like aPriori with flexible capital solutions and operational support to further establish market leadership,” said David Flannery, president, Vista Credit Partners, in the release.
“aPriori is providing manufacturers with valuable insights to make impactful business decisions, and we look forward to supporting the company in its next phase of growth,” added Pete Fisher, managing director, Vista Credit Partners, in the release.
According to aPriori, companies use its automated manufacturing insights to eliminate product cost, improve productivity, and reduce their products’ carbon footprint. The company said it provides “a unique, end-to-end digital twin solution that empowers manufacturers to unlock and identify new opportunities rapidly for innovation, growth, cost savings, and sustainability.”