Venture Funding

Aera Lands $80 Million Series C

MOUNTAIN VIEW — Aera Technology has landed an $80 million Series C financing round bringing total investment in the company to $170 million. Led by DFJ Growth, the round includes participation from the company’s executive leadership, NewView Capital and Georgian Partners.

Aera develops cognitive technology that 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. Aera has achieved large-scale adoption at some of the world’s largest companies to drive their complex supply chain decisions from Inventory Optimization and Touchless Planning to Order Management and Trade Promotion.

“Our partnership with Aera has been instrumental in our journey to transform our supply chain into a digital eco-system,” said Marc Engel, Chief Supply Chain Officer, Unilever.

This new round will accelerate 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 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,” said 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.”