Aras Revenue, Valuation, Funding & Investors
Aras is valued at $350M as of November 2018, a 5.4x multiple on its last reported $65M revenue.
Last Aras valuation
$350M
Series D · Nov 2018
Last Aras funding round
$70M
Series D · Nov 2018
Aras revenue
$65M
Series D · Nov 2018
Key investors in Aras
GE Ventures
Silver Lake
Goldman Sachs
Goldman Sachs Growth Equity
Blue Cloud Ventures
About Aras
Aras is an Andover-headquartered provider of open-source product lifecycle management software on a SOA framework. The platform manages bill of materials, engineering change orders, document control, CAD integrations, and quality compliance. Founded in 2000, Aras serves industries like aerospace and automotive with clients including Airbus and General Electric. It supports supplier collaboration and manufacturing process planning.
Founded
2000
HQ
Boston, MAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$65M (Nov 2018)
Valuation
$350M (Nov 2018)
Aras Valuation
Aras is currently valued at $350M, based on its Series D in November 2018.
The $70M round was led by Goldman Sachs Growth Equity, with participation from Silver Lake, Goldman Sachs and GE Ventures.
Aras valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Nov 2018 | Series D | $350M | 5.4x |
Aras Revenue
Aras' latest recorded revenue is $65M, as of its Series D in November 2018. At a $350M valuation, that implies a 5.4x revenue multiple.
Aras revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Nov 2018 | $65M | $350M | 5.4x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Aras Funding History
Aras has raised a total of $114M across 4 funding rounds.
Aras' first fundraising round was a $1M seed round in December 2013. The most recent completed round was a $70M Series D in November 2018.
Aras funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2018 | Series D | Goldman Sachs Growth Equity (lead); Silver Lake; Goldman Sachs; GE Ventures | $70M | $350M | Aras is the leader in open product lifecycle management (PLM) software for the enterprise, disrupting industrial software markets including PLM, maintenance, repair, and overhaul (MRO), and quality management systems (QMS). Its open software platform enables large manufacturers to digitally transform their operations. On November 29, 2018, Aras announced a $70 million Series D growth equity minority investment led by Goldman Sachs Private Capital Investing (now Goldman Sachs Growth Equity), with participation from Silver Lake Kraftwerk and continuing investors like GE Ventures. The funds will support global operations expansion, rapid growth of the open PLM platform through in-house development and technology acquisitions, and improvements to its Partner program. Goldman Sachs invested $70 million for a stake significantly less than 20%, implying a post-money valuation exceeding $350 million, as stated by Aras CEO Peter Schroer. Hillel Moerman and Holger Staude from Goldman Sachs joined the board as a member and observer, respectively. This follows a prior $40 million investment from Silver Lake Kraftwerk about a year earlier, bringing total recent funding over $100 million. Employees remain the major owners, with investors holding minority stakes. Aras employed around 450 workers at the time, expecting 50% growth similar to 2017 to reach over 600 employees. According to CIMdata’s 2018 PLM reports, Aras achieved approximately $65 million in revenue during 2017, with potential to exceed $100 million within two years at the same growth rate. CIMdata views this as a vote of confidence, noting Aras as the only player appreciably challenging the big-three PLM providers with an alternative enterprise-scale solution in the past decade. |
| Sep 2017 | Undisclosed stage | Silver Lake (lead); GE Ventures | $40M | - | Aras is a provider of open-source Product Lifecycle Management (PLM) software, competing in the engineering and manufacturing software space. In 2017, the company experienced significant growth, including a 50% increase in headcount to around 450 employees at its Andover, Massachusetts headquarters, driven by organic expansion and investments in marketing. According to CIMdata's 2018 PLM market reports, Aras achieved revenue in the neighborhood of $65 million during 2017, though the company does not publicly disclose its financials. This figure positioned Aras as a growing player in the PLM sector, with expectations of continued 50% growth into subsequent years potentially surpassing $100 million in revenue within two years. Post-2017, Aras continued expansion plans including acquisitions and roadmap development, supported by additional investments like from Goldman Sachs, indicating sustained growth trajectory. |
| Jan 2015 | Seed | Blue Cloud Ventures | $3M | - | - |
| Dec 2013 | Seed | - | $1M | - | - |
Who has invested in Aras?
5 investors have backed Aras across its funding rounds, including GE Ventures, Silver Lake, Goldman Sachs, Goldman Sachs Growth Equity and Blue Cloud Ventures.
Lead investors include Goldman Sachs Growth Equity and Silver Lake.
Aras Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 2 | Lead | Sep 2017 | |
| Menlo Park | 2 | Participant | Sep 2017 | |
| New York City, NY | 1 | Participant | Nov 2018 | |
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Start Free TrialAcquisitions by Aras
Aras has acquired 4 companies to date.
Last acquisition by Aras was on January 11th 2022. Aras acquired Minerva for undisclosed valuation.
Latest Acquisitions by Aras
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Infospectrum | ||||
| Description | Minerva is a Vienna-headquartered specialist in Product Lifecycle Management software for manufacturing, distributing add-ons for Aras Innovator platform. It accelerates PLM implementations for automotive and aerospace clients in Europe, integrating CAD tools like Siemens NX and CATIA. The firm supports multi-site deployments across 50 factories, enabling BOM management and change workflows. | Comet Solutions is a Cincinnati-headquartered software firm founded in 2001 delivering process integration tools for engineering simulation. Its Process Integration Platform unifies CAE workflows across CAD, meshing, solvers, and optimization for automotive, aerospace, and consumer goods manufacturers. The technology accelerates design iterations by automating multidisciplinary analyses. | SofTech SRL is an Italian public administration information systems provider specializing in healthcare, e-health, social services, education, and housing solutions. Operating since 1997 and now part of the Dedalus Group, the company's Garsia.We platform integrates activities across assessment, gatekeeping, and service delivery phases for healthcare and social services organizations. The platform serves municipalities, healthcare companies, and social service firms throughout Italy and has expanded into the French market, particularly Paris and the Île-de-France region. | Infospectrum is a Siemens Digital Industries Software solution that integrates product lifecycle management with maintenance, repair, and overhaul processes for manufacturers. The platform creates closed-loop connections between engineering design data and field service operations, enabling predictive maintenance and service part optimization. Infospectrum supports aerospace, automotive, and heavy machinery sectors by linking PLM systems like Teamcenter to MRO workflows, improving product supportability and reducing aftermarket costs through real-time field data feedback. |
| HQ Country |  | |  | |
| HQ City | Viby | Cincinnati, OH | Bologna | Los Angeles, CA |
| Deal Date | 11 Jan 2022 | 25 Sep 2018 | 2 Aug 2018 | 31 Jan 2018 |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed |
| EV/Revenue | ||||
| EV/EBITDA | ||||
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Aras Competitors
Aras competitors include listed companies like Hanyang Eng and Vrain Solution, and private ones like Aquant, Trunk Tools, Leapwork and Lanzhuo.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Boston, MA | Private | - | - | $350M | - | |
| New York City, NY | Private | - | - | $341M | - | |
 South Korea | Publicly listed | $814M | $45M | $375M | - | |
| Copenhagen | Private | - | - | $312M | - | |
 Ningbo | Private | - | - | $394M | - | |
 Japan | Publicly listed | $21M | $6M | $307M | 11.5x |
Aras Public Comps
Aras is still privately-owned, but its public comps include Shanghai Information2, Nanjing TDH Technology, Wisesoft, Hanyang Eng, Vrain Solution, Beijing Longruan Tech, Kernex Microsystems, Rand Worldwide, Zhengzhou Jiean Hi-tech and Polaris Holdings.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $28M | ($3M) | 10.3x | - | (109.9x) | - | |||
| $55M | ($14M) | 4.5x | - | (17.6x) | - | |||
| $48M | ($30M) | 6.9x | - | (11.1x) | - | |||
| $814M | $45M | 0.3x | - | 5.1x | - | |||
| $21M | $6M | 14.5x | 11.5x | 49.0x | - | |||
| $23M | ($10M) | 12.1x | - | (27.1x) | - | |||
| $45M | $15M | 7.1x | - | 20.9x | - | |||
| $222M | $19M | 1.8x | - | 21.8x | - | |||
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Common questions about Aras
| When was Aras founded? | Aras was founded in 2000. |
| Where is Aras headquartered? | Aras is headquartered in Boston, MA, United States. |
| Is Aras publicly listed? | No, Aras is a private, VC-backed company. |
| What is Aras' valuation? | Aras was last valued at $350M in its Series D in November 2018. |
| How much funding has Aras raised? | Aras has raised $114M across 4 funding rounds. |
| What was Aras' last funding round? | Aras' last funding round was a $70M Series D in November 2018, led by Goldman Sachs Growth Equity. |
| Who are Aras' investors? | Aras' investors include Silver Lake, GE Ventures, Goldman Sachs, Goldman Sachs Growth Equity and Blue Cloud Ventures. |
| What is Aras' revenue? | Aras' latest recorded revenue is $65M (November 2018). |
| What is Aras' revenue multiple? | Aras' latest valuation implies a 5.4x revenue multiple ($350M valuation on $65M of revenue). |
| Which companies are comparable to Aras? | Companies comparable to Aras include Aquant, Trunk Tools, Hanyang Eng, Leapwork, Lanzhuo and Vrain Solution. |
| How many companies has Aras acquired? | Aras has acquired 4 companies, including Minerva, Comet Solutions, SofTech SRL and Infospectrum. |
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