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Investors in software maker aPriori Technologies Inc. have served up $4.9 million in new funding to the Concord company, according to federal documents.
The four investors in the latest round for aPriori were not identified by name in the filing with the U.S. Securities and Exchange Commission. Previous backers of the company include Sigma Partners and Bain Capital Ventures.
Listed as related persons in the new filing are Sigma managing director Robert Davoli, Sigma partner Richard Dale and Kent Parker, COO of spend management software company Ariba Inc. of Sunnyvale, Calif.
For its part, aPriori makes a similar software to Ariba – software that forecasts manufacturing costs of products during the development process, enabling users to adjust designs on the fly to keep costs in line. APriori last took in $6.3 million of an $11.2 million round in March 2009. That brings the total funding in aPriori to approximately $26 million since it was founded in 2004 by chief scientist Michael Philpott.
Prior to launching aPriori, Philpott was a researcher and associate professor of mechanical engineering at the University of Illinois, Urbana-Champaign, where he developed the software behind aPriori, according to the company website.
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