Aera Technology

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Aera Technology
Private
IndustryEnterprise Software
PredecessorFusionOps
FoundedJune 17, 2017; 4 years ago (2017-06-17) in Mountain View, California, United States
Founder
  • Shariq Mansoor
  • Frederic Laluyaux
Headquarters
Mountain View, California
,
United States
Key people
  • Gonzalo Benedit, GM EMEA
  • Thomas Stephenson, GM Americas
  • Rajeev Mitroo, GM APJ
  • Laurent Lafouet, CSO
  • Ram Krishnan, CMO
Products
  • Cognitive Operating System
Number of employees
425 (2021)
Websiteaeratechnology.com

Aera Technology is an United States Multinational corporation enterprise software company based in Mountain View, California. The company sells cloud-based cognitive automation enterprise software to help companies with their supply chain operations.[1]

History

FusionOps

The company was started in 1999 as FusionOps, founded by Shariq Mansoor and Ram Mohan, who became the CEO.[2] Gary Meyers became CEO in 2012.[3] He left in 2016 to become Chairman of Exar Corporation.[4] The company developed a supply chain analytics platform with "crawler" technology that "gather[s] enterprise data from a wide range of enterprise apps."[5] It also developed Streamline. a solution for procurement and supplier management.[2]

Becoming Aera Technology

As a part of a funding round led by New Enterprise Associates in 2017, the company reorganized as Aera Technology, with Frederic Laluyaux, who was previously CEO of Anaplan, becoming CEO and President and Shariq Mansoor becoming CTO.[6] In 2020, the company launched the Cognitive Operating System, a cloud platform that "[automates] Artificial Intelligence, machine learning, data modelling, and data science functions"[7] for large companies.

Funding

FusionOps

  • 2005 - $4 million[3]
  • 2015 - $12 million, led by New Enterprise Associates[3]
  • 2016 - $25 million, led by New Enterprise Associates[6]

Aera Technology

  • 2017 - $50 million, led by New Enterprise Associates[6]
  • 2019 - $80 million, led by DFJ[8], supported NewView and Georgian Partners

Products

Aera Technology's main product is the Cognitive Operating System, a cloud artificial intelligence platform that "gives users real-time recommendations, predicts outcomes, and can take autonomous actions, such as making changes to supply chain operation and performance."[9]

Customers

References

  1. 1.0 1.1 Castellanos, Sara (September 10, 2018), "Germany's Merck Introduces Automation to Supply Chain", Wall Street Journal, retrieved February 11, 2021CS1 maint: date and year (link)
  2. 2.0 2.1 Dignan, Larry (November 17, 2009), "FusionOps launches business intelligence, process automation modules", ZDNet, retrieved February 11, 2021CS1 maint: date and year (link)
  3. 3.0 3.1 3.2 Gage, Deborah (March 26, 2015), "FusionOps Raises $12 Million to Help Monitor Supply Chains From the Cloud", Wall Street Journal, retrieved February 10, 2021CS1 maint: date and year (link)
  4. "Exar Corporation Announces Gary Meyers' Appointment as Chairman of the Board of Directors" (Press release). Fremont, CA: PR Newswire. September 19, 2016. Retrieved 2021-02-11.
  5. Bloomberg, Jason (January 19, 2017), "FusionOps: Cognitive Computing that Delivers 'Outrageous' Business Results", Intellyx, retrieved February 10, 2021CS1 maint: date and year (link)
  6. 6.0 6.1 6.2 Ames, Ben (June 20, 2017), "FusionOps rebrands as Aera Technology after landing $50 million in venture funds", DC Velocity, retrieved February 10, 2021CS1 maint: date and year (link)
  7. Middleton, Chris (February 20, 2020), "Automation as self-driving glass box - Aera's Fred Laluyaux on the firm's Cognitive Operating System platform play", Diginomica, retrieved February 10, 2021CS1 maint: date and year (link)
  8. Brooks, Steve (June 27, 2019), "Aera Technology gets funding for growth", Enterprise Times, retrieved February 10, 2021CS1 maint: date and year (link)
  9. Needle, David (July 31, 2018), "Aera Technology's Cognitive OS Helps Fine Tune Business Operations", eWeek, retrieved February 10, 2021CS1 maint: date and year (link)
  10. 10.0 10.1 10.2 Waineright, Phil (June 28, 2019), "Aera raises $80m to speed demand planning for the Unilevers of the world", Diginomica, retrieved February 11, 2021CS1 maint: date and year (link)

External links

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