aPriori Raises $11 Million in Second Round - Cambridge, MA
aPriori, a Cambridge-based developer of cost management software for manufacturers, has raised $11 million in its second round of venture capital, according to published reports that cited a related regulatory filing by the company. Investors in the deal include Boston' Bain Capital Ventures and Sigma Partners. aPriori's software was originally developed in collaboration between the University of Illinois, Urbana-Champaign and a Fortune 100 manufacturing company. Its technology allows companies to assess, control, and reduce cost of goods sold "by whole percentages," according to aPriori, which was founded in 2003.