Apprentice.io, a Jersey City, N.J.-based provider of one platform for life science manufacturers to turn molecules into medicine, announced that it raised $65 million in funding, bringing its total funding to $207 million.
The round was led by new investor ICONIQ Growth, with participation from existing investors, Alkeon Capital Management, and Insight Partners.
The company also announced a new addition to the Tempo Manufacturing Cloud, the Connected Manufacturing Network-the newest addition to the company's product suite.
Apprentice will focus this new investment on expanding the sales, marketing, and customer success functions needed to help these companies make the transition from traditional on-premise providers to the Tempo Manufacturing Cloud.
"Technology has finally advanced enough to meet the unique regulatory and quality requirements of the pharma industry," said Angelo Stracquatanio, CEO and Co-founder of Apprentice. "With CMN, our new funding, and our partnership with ICONIQ Growth, we have the product, services, and expertise to help customers thrive in a more complicated operating environment and make the cutting-edge medicine today's patients need."
As part of the investment, Caroline Xie, general partner at ICONIQ Growth, will join as a board advisor.
Company: Apprentice FS, Inc.
Raised: $65.0M
Round: Unknown
Funding Month: March 2023
Lead Investors: ICONIQ Growth
Additional Investors: Alkeon Capital Management and Insight Partners
Company Website: https://www.apprentice.io/
Software Category: Life Science Manufacturing Management
About the Company: Apprentice.io delivers the life science industry's intelligent software platform to help life science teams scale faster – from COVID to cancer. Apprentice's disruptive technology helps life science manufacturers get therapeutics to patients faster by providing one platform to turn molecules into medicine. The company's Tempo Manufacturing Cloud accelerates the end-to-end drug product lifecycle by connecting distributed teams and sites, helping them execute better on the shop floor, and sharing real-time enterprise-wide visibility.
Source: https://www.newswire.com/news/apprentice-io-announces-groundbreaking-product-to-centralize-life-21987838