General Electric-backed product lifecycle management platform Aras collected $70m in a Goldman Sachs-led round.
Aras, a US-based product lifecycle management software developer backed by conglomerate General Electric, raised $70m in a series D round yesterday led by investment bank Goldman Sachs’ Private Capital Investing group.
The round included Silver Lake Kraftwerk, a subsidiary of investment firm Silver Lake.
Founded in 2000, Aras provides an enterprise product lifecycle management (PLM) platform that helps organisations manage processes such as product development, systems engineering, multi-site manufacturing, supply chain operations and compliance.
In addition to fuelling the company’s global…
