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Aera Technology

Aera Technology

Aera Technology is a software company offering business automation functions.

Overview

Aera Technology is a software company offering business automation functions. The company was founded in 1999 by Shariq Mansoor, who serves as CTO; the company is presided by CEO Frederic Laluyaux.

The company uses machine learning and business domain expertise to uncover risks and opportunities and continuously improve customers' financial and operational performance.Aera's platform uses real-time data and artificial intelligence to accurately predict business risks and opportunities. The platform's real-time intelligence service is aimed at improving speed, quality, and impact of decisions.

Partnerships

Aera started collaboration with Microsoft in May 2021, announcing plans to integrate Microsoft Azure Digital Twins with Aera's Cognitive Operating System. The Azure Digital Twins platform enables next-gen IoT solution creation that can model real-world connections. Aera's Cognitive Operating System is a cloud platform that is capable of analyzing large amounts of transactional data and automatically implementing optimal decision-making protocols. The collaboration will also implement Azure Digital Twins technology into Aera's Cognitive Data Layer, which crawls hard to find subject metrics and automatically adds their trend data to enterprise analysis.

Aera also partners with Kearney, a global consultancy, announcing in February 2021 that Aera's cognitive automation system would be integrated into Kearney's Sense and Pivot supply chain management solution.

Funding

Aera has raised $173,700,000 USD to date through eight funding rounds. A Series C funding round was announced in June 2019 and raised $50 million USD; the round was led by DFJ Growth and also included existing investors NewView Capital and Georgian. New Enterprise Associates led Aera's $50 million Series B round in June 2017.

Skills and services

Aera Technology provides a number of services that they call "cognitive skills" in its platform suite, in addition to its Cognitive Operating System and Cognitive Data Layer.

Cognitive Operating System

Aera announced the release of its Cognitive Operating System on September 24, 2020. The cloud platform uses cognitive automation to give businesses automated and agile decision-making protocols. Cognitive Operating System works by augmenting human decision-making through the use of a centralized intelligence center that applies data crawling, machine learning, and industry models to give real-time business recommendations and predictive outcomes.

Forecast

Aera Forecast Skill leverages machine learning algorithms that correlate data from historical sales, promotions, the market, and external factors to autonomously generate an accurate demand forecast with minimal to no human intervention.

Promotions

Aera Promotion Skill monitors the competition and market trends, analyzes historical data, and recommends plans to perfect your promotions.

Order

Aera Order Skill recommends accurate order promises, allocations, and production plans to improve available-to-promise capabilities with real-time fulfillment visibility.

Inventory

Aera Inventory Skill continuously balances capital investment constraints and service-level goals while taking demand and supply volatility into account.

Procurement

Aera Procurement Skill integrates procurement strategy and automates daily procurement processes to enable a highly efficient and streamlined procurement process.

Digital Control Tower

Aera Digital Control Tower Skill continuously monitors the business to identify and predict demand, working capital, and cost risks and then prescribes appropriate actions to mitigate or overcome these risks.

Logistics

Aera Logistics Skill intelligently optimizes shipping networks by uncovering opportunities for more efficient transportation, identifying bottlenecks, and automating shipment delay resolution to ensure customers receive the complete shipment on time.

Timeline

May 25, 2021
Aera Technology announces a collaboration with Microsoft to integrate Microsoft Azure Digital Twins with Aera's Cognitive Operating System.
June 2019
Aera Technology raises a $80,000,000 series C round from Georgian Partners and NewView Capital.
June 2017
Aera Technology raises a $50,000,000 series B round from New Enterprise Associates.
2017
Aera Technology is founded by Shariq Mansoor.
April 19, 2016
Aera Technology raises a $25,000,000 corporate funding round from Georgian, New Enterprise Associates and Prabhu Goel.
March 1, 2005
Aera Technology raises a $4,000,000 series A round.

Funding rounds

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Aera Technology
May 25, 2021
www.prnewswire.com:443
/PRNewswire/ -- Aera Technology today announced a collaboration with Microsoft to integrate Microsoft Azure Digital Twins with Aera's Cognitive Operating...

References

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