Congratulations to Aras, which recently raised $70 million in a Series D investment round led by Goldman Sachs.
The deal aims to improve Aras’s enterprise software capabilities and expand its reach around the globe. In addition to supporting global expansion, in-house R&D and acquisitions, these funds will support further improvements to Aras’s Partner program.
Read the press release.
CIMdata notes this is a vote of confidence and, “Aras is the only market player to appreciably challenge the big-three providers and offer an alternative enterprise-scale PLM solution in the past decade.”
The Boston Globe calls this 18-year old company one of Massachusetts’ hottest startups.
Aras’ CEO Peter Schroer claims that “PLM investment is a trend.” Read more about Schroer’s thoughts on the investment in this engineering.com article Why Goldman Sachs Thinks “Less than 20%” of Aras PLM is Worth $70 Million.