About Apprentice
Apprentice is a company based in Boston (United States) founded in 2003 by Angelo Stracquatanio III and Gary Pignata.. Apprentice has raised $246.96 million across 6 funding rounds from investors including Pac-West Telecomm, Colorcon and Alkeon Capital Management. Apprentice offers products and services including Manufacturing Execution System, Laboratory Execution System, and Connected Manufacturing Network. Apprentice operates in a competitive market with competitors including Aizon, PLAIO, Seal, Enzyme Technology and LunarTree, among others.
- Headquarter Boston, United States
- Founders Angelo Stracquatanio III, Gary Pignata
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Sectors
Healthcare
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Email
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Phone
*********
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Website
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Social
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- Legal Name Apprentice Fs Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$246.96 M (USD)
in 6 rounds
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Latest Funding Round
$65 M (USD), Series C
Mar 20, 2023
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Investors
Pac-West Telecomm
& 11 more
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Employee Count
Employee Count
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Products & Services of Apprentice
Apprentice offers a comprehensive portfolio of products and services, including Manufacturing Execution System, Laboratory Execution System, and Connected Manufacturing Network. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
System for on-time production and quality control in manufacturing
Tool for faster sample testing and higher product quality
Platform to connect internal and external teams for seamless collaboration
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Funding Insights of Apprentice
Apprentice has successfully raised a total of $246.96M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $65 million completed in March 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series C — $65.0M
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First Round
First Round
(05 Jul 2017)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Series C - Apprentice | Valuation | Iconiq Capital | |
| Jan, 2022 | Amount | Series C - Apprentice | Valuation | Alkeon Capital Management | |
| Nov, 2020 | Amount | Series B - Apprentice | Valuation | Insight Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Apprentice
Apprentice has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Pac-West Telecomm, Colorcon and Alkeon Capital Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Provider of investment management and real asset services
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Founded Year | Domain | Location | |
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VC fund focused on equity markets
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Founded Year | Domain | Location | |
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Apprentice
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Apprentice
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Apprentice Comparisons
Competitors of Apprentice
Apprentice operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Aizon, PLAIO, Seal, Enzyme Technology and LunarTree, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based software for manufacturing operations is provided.
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| domain | founded_year | HQ Location |
AI-based planning solutions are provided for pharmaceutical industries.
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| domain | founded_year | HQ Location |
Seal is recognized as an AI-native GxP execution platform.
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| domain | founded_year | HQ Location |
AI-based enzymatic DNA synthesis technology is provided for researchers.
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| domain | founded_year | HQ Location |
AI platform aggregates biopharma data for accelerated life sciences decisions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Apprentice
Frequently Asked Questions about Apprentice
When was Apprentice founded?
Apprentice was founded in 2003 and raised its 1st funding round 14 years after it was founded.
Where is Apprentice located?
Apprentice is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Apprentice?
Angelo Stracquatanio III is the current CEO of Apprentice. They have also founded this company.
Is Apprentice a funded company?
Apprentice is a funded company, having raised a total of $246.96M across 6 funding rounds to date. The company's 1st funding round was a Series B of $24M, raised on Jul 05, 2017.
What does Apprentice do?
Apprentice was founded in 2003 and is headquartered in Boston, United States. Operations focus on the pharmaceutical industry, where an online platform is provided for intelligent manufacturing systems. Features include batch execution, event logging, and tracking. Management tools for processing are integrated to support efficiency in production workflows. The platform assists pharmaceutical companies in handling manufacturing activities.
Who are the top competitors of Apprentice?
What products or services does Apprentice offer?
Apprentice offers Manufacturing Execution System, Laboratory Execution System, and Connected Manufacturing Network.
Who are Apprentice's investors?
Apprentice has 12 investors. Key investors include Pac-West Telecomm, Colorcon, Alkeon Capital Management, Iconiq Capital, and Insight Partners.