- Aera Technology announced it closed $80 million in Series C funding
- This round of funding was led by DFJ Growth and included participation from NewView Capital and Georgian Partners
Aera Technology announced it closed $80 million in Series C funding led by DFJ Growth. This funding round also included participation from the company’s executive leadership NewView Capital and Georgian Partners. Including this round, Aera has raised a total of $170 million.
What does Aera do? Aera’s cognitive technology enables the “Self-Driving Enterprise.” Using proprietary data crawling, industry models, machine learning, and artificial intelligence, Aera automates and augments how decisions are made and executed. Then Aera’s technology makes real-time recommendations, predicts outcomes, and acts autonomously.
And Aera has achieved large-scale adoption at some of the largest companies to drive their complex supply chain decisions such as inventory optimization and touchless planning to order management and trade promotion.
“I am thrilled to welcome John Fisher to our Board. DFJ Growth has a long history of backing the most disruptive companies in Silicon Valley, and I am honored to be working with this great team again!” said Aera Technology CEO Frederic Laluyaux.
This new round of funding will be used for accelerating Aera’s investment in its Cognitive Operating System, Self-Driving Skills, and global expansion to enable companies around the world to run like digital natives.
Aera is also releasing its Cognitive Decision Board — which is a capability that monitors how operational decisions are made across an organization measures the impact, and ensures they are acted upon quickly.
“Aera is transforming the way enterprises are run in a singularly disruptive way through original, breakthrough data modeling and proven machine learning, representing the true promise of artificial intelligence,” added John Fisher — co-founder and partner of DFJ Growth. “Aera’s Fortune 100 enterprise customers are experiencing massive increases in overall supply chain efficiency with the promise of migrating these efficiencies to other critical enterprise functions in the near future.”
Fisher is joining Aera’s board of directors in conjunction with this round of funding.
“Our partnership with Aera has been instrumental in our journey to transform our supply chain into a digital eco-system,” added Unilever’s Chief Supply Chain Officer Marc Engel.
Laluyaux also pointed out that executives understand the urgency to become digital at their core. And Aera’s Cognitive Decision Board allows them to do this while also transforming the very nature of how they operate.
“In partnering with Aera, the biggest benefit for us is in creating a brain within the company and having an ability to preserve it as people make decisions on top of it,” noted Saqib Mehmood — the Global SVP Business Solutions & Insights of Hygiene Home at RB. “For us, it is not just about making smarter decisions but retaining that knowledge within the company.”
