APERIO Raises $9M in Series A1 Funding to Expand Data Quality Mission

APERIO, a leader in operational data quality powered by AI, has successfully closed a $9 million Series A1 funding round. The funding, led by Momenta, an industrial impact venture capital and growth firm, includes participation from Chevron Technology Ventures, NextEra Energy, National Grid Partners, Delek US, and Bazan Group. The investment will support team expansion, product enhancement, and improving customer experience.

APERIO’s CEO, Jonas Hellgren, highlights the company’s intent to grow the team to meet growing customer demand as the software’s applicability expands across industries, addressing data quality challenges at scale.

The investment resonates with Momenta’s Managing Partner, Michael Dolbec, who sees APERIO’s solution as a key to unlocking AI’s potential for manufacturers by addressing data-quality roadblocks.

APERIO has enjoyed significant growth since its previous funding round in 2020. The company’s data quality solution is already employed by numerous industrial clients, optimizing performance and risk management through operational data reliability.

Jim Gable, VP of Innovation and President of Technology Ventures at Chevron, underlines the potential impact of APERIO’s technology on data quality at scale, aligning with Chevron’s strategic investment goals.

This funding follows the launch of APERIO DataWise 2.0, which introduced advanced tools and user experience enhancements. The additional funding will further enrich APERIO’s capabilities, enabling the company to scale to meet increasing customer demands.