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Apprentice.io Receives $24M Series B Round

2020-11-19
JERSEY CITY, NJ, Apprentice.io announced today a $24 million Series B financing round.
Apprentice.io, an intelligent software company for life science manufacturing that is helping to increase the speed to market on a number of COVID-19 vaccines, announced today a $24M Series B round, led by Insight Partners. Pacific Western Bank, Pritzker Group Venture Capital, GFR Fund and The Venture Reality Fund also joined the round. This round brings Apprentice's total capital to over $40M.

Insight Partners previously invested in Apprentice during the early days of the COVID-19 pandemic to deploy the company's platform that would help manufacture the first COVID vaccines heading for clinical trials. As customers began to scale from clinical to commercial manufacturing, Apprentice began scaling as well. The company has since seen a 20x increase in usage and 11x growth in site deployments.

Apprentice.io delivers the life science industry's only intelligent manufacturing execution system that helps teams scale faster - from COVID to cancer. From small and large molecule to cell and gene therapy, Apprentice's cloud-based system leverages artificial intelligence, augmented reality and Pharma 4.0 to increase an organization's speed to market. Run your entire batch campaign and leverage your data for continuous process improvement while taking your existing procedures and making them smart. Optimize your entire supply chain, performing predictive consumable and raw material management, smart equipment tracking and preventive maintenance scheduling. Elevate your teams' potential using language-independent, global collaboration tools in or out of the lab and suite to increase speed to resolution and decrease travel. Apprentice takes an end-to-end approach to manufacturing, so you can scale faster with greater flexibility using a system that's ergonomic and intuitive, not outdated, cumbersome or complicated. From batch execution to global collaboration, Apprentice's end-to-end system helps manufacturing teams deliver lifesaving drugs to market faster, for the people who need them the most. For more information about Apprentice, visit www.apprentice.io.
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