Aras Corporation
Latest round
- Series D
Last raised
- Nov 2018
Total raised
- $86M
Investors
- 6
About Aras Corporation
Founded in 2000 by CEO Peter Schroer and based in Massachusetts, US, Aras Corporation offers Aras Innovator, a low-code product development platform offering PLM (product lifecycle management) software enabling businesses with PLM management. The Aras platform comprises four layers: Client, Application, Services, and Repository layer. Aras serves about 350 customers and over 250,000 users that include Microsoft, Honda, Airbus, Fujifilm, Kawasaki Heavy Industries, Murata, GETRAG, Yanmar Energy Systems, Carestream Health, and Motorola among others. The company also operates in Japan, Germany, France, the UK, and Italy. Aras’ technology and solutions serve the aerospace and defense industry, automotive, consumer packaged goods, energy, life science, high-tech electronics, industrial manufacturing, shipbuilding, and medical device industries. As of 2021, the company staffs over 500 employees. The company’s academic subscription is used by The Ohio University, Purdue University, The Technical University Dresden, and The Technical University Kaiserslautern among others. In 2020, 40 North Ventures acquired an undisclosed amount of stake in Aras Corporation from GE Ventures. The company offers Aras Innovator Platform, an open architecture low-code platform built to provide Product Lifecycle Management (PLM), develop enterprise applications, ensure faster deployments, increased velocity, and edge scalability. The PLM platform offers services that work with modeling engines to provide key building blocks that allow the applications to operate as required allowing companies to build an innovation layer that ties people and product information across the enterprise. Aras also offers Digital Thread providing lifecycle traceability of design intent, design data, and design history thereby enabling systems thinking. Additionally, Aras’ Test Automation Framework (TAF) automates the testing process and Aras Cloud deployments. The platform also enables users to share data across systems. The Enterprise Edition of the Aras Innovator offers SaaS solutions to solve organization-specific challenges as well as connectors, federation services, and self-describing platforms to integrate the IT ecosystem. The company’s digital solutions entail product engineering, Bills-of-Material (BOM) management, Requirement Engineering, and Component Engineering applications, manufacturing process planning, enterprise search, configuration management and management of program, stimulation, maintenance, and documents. Additionally, the firm offers solutions for modeling, adapting, and extending configurations via the Digital Twin Core and visual collaborations among many others. Aras also encourages PLM research and innovation by offering an Aras Academic Subscription available to all educational institutes at the undergraduate and graduate level for engineering, business management, and computer science students. The company also offers a mobile application with access to the PLM capabilities of Aras Innovator. The company generates revenue when users subscribe to Aras’ platform. With the investment received in 2021, the company plans to further accelerate Aras Corporation's low-code platform innovation, global expansion, and customer success.
Who invested in Aras Corporation
6 investors across 3 rounds
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Questions about Aras Corporation
Who invested in Aras Corporation?
Aras Corporation has 6 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Aras Corporation raised?
Aras Corporation has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Aras Corporation last raise money?
Aras Corporation's most recent round on record is a Series D, in Nov 2018.
What does Aras Corporation do?
Founded in 2000 by CEO Peter Schroer and based in Massachusetts, US, Aras Corporation offers Aras Innovator, a low-code product development platform offering PLM (product lifecycle management) software enabling businesses with PLM management.
Where is Aras Corporation headquartered?
Aras Corporation is headquartered in Andover, US.
Which VCs invest in companies like Aras Corporation?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Aras Corporation's stage. Their profiles are linked below.
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