Aras Corporation

Founded in 2000 by CEO Peter Schroer and based in Massachusetts, US, Aras Corporation offers Aras Innovator, a low-code product development platform offering PLM (product lifecycle management) software enabling businesses with PLM management. The Aras platform comprises four layers: Client, Application, Services, and Repository layer. Aras serves about 350 customers and over 250,000 users that include Microsoft, Honda, Airbus, Fujifilm, Kawasaki Heavy Industries, Murata, GETRAG, Yanmar Energy Systems, Carestream Health, and Motorola among others. The company also operates in Japan, Germany, France, the UK, and Italy.

Aras’ technology and solutions serve the aerospace and defense industry, automotive, consumer packaged goods, energy, life science, high-tech electronics, industrial manufacturing, shipbuilding, and medical device industries. As of 2021, the company staffs over 500 employees. The company’s academic subscription is used by The Ohio University, Purdue University, The Technical University Dresden, and The Technical University Kaiserslautern among others. In 2020, 40 North Ventures acquired an undisclosed amount of stake in Aras Corporation from GE Ventures.

In 2021, GI Partners invested in Aras Corporation. The company offers Aras Innovator Platform, an open architecture low-code platform built to provide Product Lifecycle Management (PLM), develop enterprise applications, ensure faster deployments, increased velocity, and edge scalability. The PLM platform offers services that work with modeling engines to provide key building blocks that allow the applications to operate as required allowing companies to build an innovation layer that ties people and product information across the enterprise. Aras also offers Digital Thread providing lifecycle traceability of design intent, design data, and design history thereby enabling systems thinking.

Additionally, Aras’ Test Automation Framework (TAF) automates the testing process and Aras Cloud deployments. The platform also enables users to share data across systems. The Enterprise Edition of the Aras Innovator offers SaaS solutions to solve organization-specific challenges as well as connectors, federation services, and self-describing platforms to integrate the IT ecosystem. The company’s digital solutions entail product engineering, Bills-of-Material (BOM) management, Requirement Engineering, and Component Engineering applications, manufacturing process planning, enterprise search, configuration management and management of program, stimulation, maintenance, and documents.

Additionally, the firm offers solutions for modeling, adapting, and extending configurations via the Digital Twin Core and visual collaborations among many others. Aras also encourages PLM research and innovation by offering an Aras Academic Subscription available to all educational institutes at the undergraduate and graduate level for engineering, business management, and computer science students. The company also offers a mobile application with access to the PLM capabilities of Aras Innovator. The company generates revenue when users subscribe to Aras’ platform.

With the investment received in 2021, the company plans to further accelerate Aras Corporation's low-code platform innovation, global expansion, and customer success.