Apprentice.io Valuation, Funding & Investors
Apprentice.io is valued at $622M as of March 2023.
Last Apprentice.io valuation
$622M
Series C · Mar 2023
Last Apprentice.io funding round
$65M
Series C · Mar 2023
Cumulative funding Apprentice.io raised
$207M
across 6 funding rounds
Key investors in Apprentice.io
Insight Partners
Silverton Partners
Pritzker Group Venture Capital
Alkeon Capital
GFR Fund
The Venture Reality Fund/VRF
About Apprentice.io
Apprentice.io is a manufacturing execution system platform unifying MES, logistics, automation, and AI agents. The no-code solution supports design, simulation, execution, and optimization for life sciences and other sectors. Deployed for over a decade, it integrates people, processes, and systems while AI agents automate workflows to cut costs and scale production. Headquartered in the United States, Apprentice.io serves pharmaceutical manufacturers transitioning from paper-based operations to digital factories.
Founded
2014
HQ
Jersey City, NJWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$622M (Mar 2023)
Apprentice.io Valuation
Apprentice.io is currently valued at $622M, based on its Series C in March 2023.
The $65M round was led by ICONIQ Capital, with participation from Insight Partners and Alkeon Capital.
Apprentice.io's valuation has grown 83x from $8M at its seed round in December 2017 to $622M in March 2023, across 4 priced rounds.
Apprentice.io valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2023 | Series C | $622M |
| Jun 2020 | Series A | $37M |
| Sep 2018 | Series A | $30M |
| Dec 2017 | Seed | $8M |
Apprentice.io Funding History
Apprentice.io has raised a total of $207M across 6 funding rounds.
Apprentice.io's first fundraising round was a $3M seed round in December 2017. The most recent completed round was a $65M Series C in March 2023.
Apprentice.io funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2023 | Series C | ICONIQ Capital (lead); Insight Partners; Alkeon Capital | $65M | $622M | Apprentice.io, also known as Apprentice FS, Inc., is a Jersey City, N.J.-based provider of the Tempo Manufacturing Cloud, a cloud-native platform for life science manufacturers to accelerate the end-to-end drug product lifecycle by connecting teams, improving shop floor execution, and providing real-time visibility. The platform helps companies transition from traditional on-premise systems to modern cloud solutions, serving clients like Bristol Myers Squibb and Synthego to get therapeutics from molecules to patients faster. Founded in 2014 by CEO Angelo Stracquatanio, inspired by challenges in pharmaceutical manufacturing, the company focuses on regulatory-compliant technology for pharma operations. On March 20, 2023, Apprentice.io raised $65 million in a Series C - II round led by ICONIQ Growth, with participation from Alkeon Capital Management and Insight Partners, bringing total funding to $207 million following a prior Series C in January 2022. Caroline Xie from ICONIQ Growth joined as a board advisor. The investment targets expansion of sales, marketing, and customer success to support customer transitions to the Tempo platform, alongside launching the Connected Manufacturing Network feature. Forge Global reports a Series C post-money valuation of $622.45 million. The company demonstrated strong traction with 3.4x year-over-year Tempo revenue growth and 218% net customer retention in the year leading to the round, plus recognition in Gartner's Manufacturing Execution System Magic Quadrant, Inc. 5000, and Deloitte Fast 500. Apprentice positions itself in the pharma manufacturing technology market, competing to modernize operations amid complex regulatory environments. |
| Jan 2022 | Series C | Alkeon Capital (lead); Silverton Partners; Pacific Western Bank; Insight Partners | $100M | - | Apprentice.io (also referred to as Apprentice FS, Inc.) develops the Tempo Manufacturing Cloud, a cloud-native platform for life science and pharma manufacturers to streamline manufacturing execution, turning molecules into medicine faster with features like the Connected Manufacturing Network and Tandem collaboration tool for remote oversight. The company raised $100 million in its Series C funding round on January 19, 2022, led by Alkeon Capital Management, with participation from Silverton Partners, Insight Partners, Pacific Western Bank, and Colorcon Ventures. Proceeds were earmarked to harden pharma supply chains amid COVID-19 challenges, scale operations, expand in Europe and Asia, and launch the first cloud-native manufacturing execution system (MES). This 2022 Series C brought Apprentice's total funding to approximately $107 million at that point, ahead of a subsequent Series C-II extension of $65 million (reported variably as $62.71M-$65M) in March 2023 led by ICONIQ Growth with Alkeon Capital and Insight Partners, pushing cumulative funding to $207 million across seven rounds. Investors also include Hemi Ventures. The platform serves customers on five continents in regulated B2B industries with annual or multi-year agreements, tailored pricing, and focus on operational excellence, security, and compliance. Traction includes 3.4x year-over-year Tempo revenue growth and 218% net customer retention reported in 2023 context, with recognition on Inc. 5000, Deloitte Fast 500, and Gartner's MES Magic Quadrant. Plans post-2023 funding targeted sales, marketing, customer success expansion to capture pharma's cloud migration, plus new features and geographic growth into Asia and Europe. |
| Nov 2020 | Series B | Insight Partners (lead); Pritzker Group Venture Capital; The Venture Reality Fund/VRF; GFR Fund; Pacific Western Bank | $24M | - | Apprentice.io is an intelligent software company providing manufacturing execution system (MES) and digital transformation solutions for life science and pharmaceutical production. The company's platform enables customers to manage critical manufacturing data, execute production batches reliably, and support remote operations—capabilities that became particularly valuable during COVID-19 vaccine development and scale-up efforts. In November 2020, Apprentice.io announced a $24 million Series B funding round led by Insight Partners, with participation from Pacific Western Bank, Pritzker Group Venture Capital, GFR Fund, and The Venture Reality Fund. This round brought the company's total capital raised to over $40 million. Insight Partners had previously invested in the company in mid-2020 during the early COVID-19 pandemic phase to support vaccine manufacturing. By the time of the Series B announcement, Apprentice had demonstrated significant traction. The company reported a 20x increase in platform usage and 11x growth in site deployments. The company supported Fortune 100 clients in life sciences and other compliance-driven verticals across the United States, Asia, South America, and Europe, and anticipated dramatic expansion in customer adoption over the following six months as global pharmaceutical organizations accelerated adoption of Industry 4.0 (Pharma 4.0) manufacturing solutions. The Series B capital was earmarked to support customer expansion and production ramp-up as life science organizations transitioned from clinical to commercial-scale manufacturing. CEO and co-founder Angelo Stracquatanio emphasized the company's mission to help customers execute safer and faster manufacturing through better data management and remote connectivity capabilities during a critical period for the global pharmaceutical industry. |
| Jun 2020 | Series A | Insight Partners (lead); Silverton Partners | $8M | $37M | Apprentice.io is an intelligent software company providing solutions for life science manufacturing to accelerate drug production and speed to market. On June 16, 2020, Insight Partners invested $7.5 million, with participation from Silverton Partners, GFR Fund, Hemi Ventures, and Pritzker Group Venture Capital in a Series A round totaling $15.5 million at a post-money valuation of $37.39 million. The funding aimed to scale the platform during COVID-19 to support pharma supply chains and critical drug manufacturing. The company serves Fortune 100 clients in compliance-driven industries across the U.S., Asia, South America, and Europe. This investment preceded a $24 million Series B in November 2020, also led by Insight Partners, bringing total capital over $40 million and following a 20x increase in usage. |
| Sep 2018 | Series A | Pritzker Group Venture Capital (lead); The Venture Reality Fund/VRF; Hemi Ventures; Silverton Partners; GFR Fund | $8M | $30M | Apprentice.io raised $8 million in a Series A funding round on September 18, 2018, led by Pritzker Group Venture Capital, with participation from Silverton Partners, Hemi Ventures, The Venture Reality Fund, and GFR Fund. The New Jersey-based company develops the first conversational augmented reality (AR) and artificial intelligence (AI) platform for enterprise applications, particularly in life science industries. The funding pushed the company's total capital past $10 million, supporting expansion of products, features, intelligent responses, and international partnerships. Apprentice.io had tripled in size and customer reach by 2018, adding Fortune 100 clients across the U.S., Asia, South America, and Europe, and received the 2018 Outstanding Technology Award from the New Jersey Tech Council for innovation in life sciences. |
| Dec 2017 | Seed | Silverton Partners (lead); Hemi Ventures | $3M | $8M | Apprentice.io raised $2.5 million led by Silverton Partners around December 2017. Silverton Partners lists this as an early investment in the company, which later developed into an enterprise SaaS business focused on human workforce empowerment in laboratory or complex manufacturing environments using augmented reality solutions for desk-less teams. The company has Angelo Stracquatanio as CEO and Gary Pignata as CSO. Subsequent rounds included $8 million for a conversational augmented reality platform, $7.5 million led by Insight Partners, $24 million Series B led by Insight, $100 million Series C to modernize pharma manufacturing, and a $65 million financing. Roger Chen of Silverton Partners led deals including Apprentice. |
Who has invested in Apprentice.io?
9 investors have backed Apprentice.io across its funding rounds, including Insight Partners, Silverton Partners, Pritzker Group Venture Capital, Alkeon Capital, GFR Fund and The Venture Reality Fund/VRF.
Lead investors include ICONIQ Capital, Alkeon Capital, Insight Partners, Pritzker Group Venture Capital and Silverton Partners.
Apprentice.io Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Austin, TX | 4 | Lead | Dec 2017 | |
| New York City, NY | 4 | Lead | Jun 2020 | |
| Chicago, IL | 2 | Lead | Sep 2018 | |
| San Francisco, CA | 2 | Participant | Sep 2018 | |
| San Francisco, CA | 2 | Participant | Dec 2017 | |
| United States | 2 | Participant | Sep 2018 | |
| Los Angeles, CA | 2 | Participant | Nov 2020 | |
This data is available for Pro users. Sign up to see all 9 Apprentice.io investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Apprentice.io
Apprentice.io has acquired 1 company to date.
Last acquisition by Apprentice.io was on January 21st 2026. Apprentice.io acquired Ganymede for undisclosed valuation.
Latest Acquisitions by Apprentice.io
| Description | Ganymede is a Palo Alto, California-headquartered platform-as-a-service for biotech firms enabling low-code integration of lab instruments, data pipelines, and analytics apps. It connects sequencers from Illumina, robots from Hamilton, and databases like Benchling for automated workflows in drug discovery. Launched in 2022, Ganymede serves life sciences companies streamlining R&D operations. |
| HQ Country | |
| HQ City | San Francisco, CA |
| Deal Date | 21 Jan 2026 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Apprentice.io acquisitions and their M&A valuation multiples. Start Free Trial | |
Apprentice.io Competitors
Apprentice.io competitors include listed companies like Vrain Solution and ZUKEN, and private ones like proteanTecs, VisionNav Robotics, Autosys Industrial Solutions Private Limited and Upstage.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Japan | Publicly listed | $21M | $6M | $307M | 11.5x | |
 Haifa | Private | $60M | - | $600M | 10.0x | |
| Atlanta, GA | Private | $31M | - | $500M | 16.1x | |
 Mumbai | Private | - | - | $651M | - | |
 Yongin | Private | $14M | - | $661M | - | |
| Japan | Publicly listed | $277M | $51M | $679M | 1.7x |
Apprentice.io Public Comps
Apprentice.io is still privately-owned, but its public comps include PKSHA Technology, Reconova Technologies, Jiangxi Tianli Technology, ZUKEN, ExaWizards, Shenzhen Sunwin, Chrysos Corp., Beijing Hanyi Innovation, Hansen Technologies and Breton Technology.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $140M | $47M | 4.1x | 2.4x | 12.2x | 10.7x | |||
| $66M | ($8M) | 10.0x | - | (82.0x) | - | |||
| $73M | $69K | 7.2x | - | 7603.1x | - | |||
| $277M | $51M | 1.6x | 1.7x | 8.9x | - | |||
| $77M | $13M | 6.6x | 5.7x | 39.3x | - | |||
| $20M | ($147M) | 37.7x | - | (5.0x) | - | |||
| $63M | $19M | 8.9x | 8.5x | 29.1x | 26.6x | |||
| $28M | $5M | 15.6x | 13.9x | 89.9x | 50.9x | |||
This data is available for Pro users. Sign up to see all Apprentice.io competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Apprentice.io
| When was Apprentice.io founded? | Apprentice.io was founded in 2014. |
| Where is Apprentice.io headquartered? | Apprentice.io is headquartered in Jersey City, NJ, United States. |
| Is Apprentice.io publicly listed? | No, Apprentice.io is a private, VC-backed company. |
| What is Apprentice.io's valuation? | Apprentice.io was last valued at $622M in its Series C in March 2023. |
| How much funding has Apprentice.io raised? | Apprentice.io has raised $207M across 6 funding rounds. |
| What was Apprentice.io's last funding round? | Apprentice.io's last funding round was a $65M Series C in March 2023, led by ICONIQ Capital. |
| Who are Apprentice.io's investors? | Apprentice.io's investors include Silverton Partners, Insight Partners, Pritzker Group Venture Capital, The Venture Reality Fund/VRF, Hemi Ventures, GFR Fund, Pacific Western Bank, Alkeon Capital and ICONIQ Capital. |
| Which companies are comparable to Apprentice.io? | Companies comparable to Apprentice.io include Vrain Solution, proteanTecs, VisionNav Robotics, Autosys Industrial Solutions Private Limited, Upstage and ZUKEN. |
| How many companies has Apprentice.io acquired? | Apprentice.io has acquired 1 company, including Ganymede. |
See companies similar to Apprentice.io
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