Autodesk has led a $26.8m series C round for aPriori, a spinout of University of Illinois at Urbana-Champaign.

APriori, a US-based enterprise cost management software spinout of University of Illinois at Urbana-Champaign has closed a $26.8m series C round led by architecture and design software producer Autodesk. NewSpring Capital, PBJ Capital, Oyster Angel Fund, Sigma Partners, Sigma Prime Ventures and Gutbrain Ventures filled out the round. Founded in 2004, aPriori has built a software platform that enables clients in industries such as aerospace and automotive manufacturing to determine the cost and manufacturing feasibility of designs in real time. The series C funding will accelerate the development of aPriori’s platform including the potential addition of dedicated applications for engineering, sourcing and manufacturing teams. The company had previously raised at least $53m according to regulatory filings. It received $11.2m from investors including Sigma Partners and Bain Capital in 2007. Sigma Partners provided another $5m of funding in 2012 before Sigma Prime Ventures led a $6m round the following year. – A version of this article first appeared on our sister site, Global Corporate Venturing.

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Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).