Aera Technology

Aera Technology

AI system for decision automation and recommendations

About Aera Technology

Simplify's Rating
Why Aera Technology is rated
B+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Enterprise Software

AI & Machine Learning

Company Size

201-500

Company Stage

Series C

Total Funding

$168.9M

Headquarters

Mountain View, California

Founded

2017

Overview

Aera Technology focuses on decision automation using artificial intelligence. Its AI system analyzes how businesses operate, providing real-time recommendations and taking autonomous actions to enhance decision-making. This system learns from each decision, improving its future suggestions. Aera Technology primarily targets large corporations with complex supply chains, continuously gathering and refining data from enterprise systems to offer insights into operations. It predicts business risks and opportunities, recommending optimal actions and engaging users to implement decisions. Unlike competitors, Aera's system autonomously drives execution, making it a valuable tool for improving efficiency and profitability. The company's goal is to help businesses make informed decisions quickly, ultimately reducing costs and increasing revenue.

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Simplify's Take

What believers are saying

  • Generative AI capabilities enhance Aera's platform with a conversational interface for real-time insights.
  • Aera's 'AI Test Drives' accelerate market adoption by showcasing Decision Intelligence benefits quickly.
  • Recognition as a leader in IDC MarketScape boosts Aera's credibility and customer acquisition.

What critics are saying

  • Competition from established AI companies like IBM and Google threatens Aera's market share.
  • Rapid AI advancements may outpace Aera's ability to integrate new features quickly.
  • Data privacy concerns with large language models could lead to regulatory scrutiny.

What makes Aera Technology unique

  • Aera Technology offers a unique AI system for real-time decision automation.
  • The Aera Decision Cloud integrates seamlessly with existing enterprise systems and data sources.
  • Aera's platform continuously learns, improving recommendations and decision-making over time.

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Funding

Total Funding

$168.9M

Above

Industry Average

Funded Over

5 Rounds

Notable Investors:
Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$80M
Aera Technology
$100M
Oura

Benefits

Stock Options: We believe every Aera team member should have a stake in our future success

Medical: Benefits provided through your choice of Aetna PPO, Aetna HDHP, or, for California-based team members, Kaiser

Dental: No monthly cost to employee through Delta Dental

Vision: No monthly cost to employee through VSP

401(k) and Additional Benefits Plans: Employees can contribute to: 401(k) plan (Traditional/Roth); Health Savings Account (HSA); Flexible Savings Account (FSA); Supplemental Life Insurance Plan; Short-term Disability; Commuter Benefit Program

Learning and Development: You’ll have access to professional development content through Udemy, our online learning platform. Udemy offers thousands of courses to help you learn new skills - whether for your professional development or your personal interests

Employee Referral Program: Earn cash when your referrals get hired!

Events and Extras: We work hard and get things done, but we also value the importance of having fun: office outings; birthday celebrations; holiday parties; weekly in-office lunches, and more

Paid Time Off: To give our best and live a well-balanced life, we need to take time off for rest, relaxation and rejuvenation. Here at Aera, we offer flexible paid time off. In addition, we have 10 paid holidays each year

Snacks: When you’re working from the office, you’ll have access to our fully stocked kitchen with a selection of snacks and beverages

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

2%

2 year growth

0%
No Jitter
Nov 8th, 2024
No Jitter Roll: 8x8 Announces New Capabilities, NICE launches CXone Mpower SmartSpeaker, and Pindrop and Five9 integrate

8x8 has announced enhancements to its cloud platform, including AI-powered transcriptions in 8x8 Contact Center and improved call quality for Azure virtual desktops.

Business Wire
Nov 7th, 2024
Aera Technology Introduces Agentic AI, Workspaces, and Control Room to Enable the Full Spectrum of Enterprise Decisions

Aera Technology introduces Agentic AI, Workspaces, and Control Room to enable the full spectrum of enterprise decisions.

Enterprise Talk
Nov 7th, 2024
Aera Technology Launches Aera Decision Cloud Platform to Streamline Enterprise Decisions

Aera Technology launches Aera Decision Cloud platform to streamline enterprise decisions.

Silicon Canals
Sep 3rd, 2024
Aera Technology Named a Leader in the IDC MarketScape: Worldwide Decision Intelligence Platforms 2024

Aera Technology named a Leader in the IDC MarketScape: Worldwide Decision Intelligence Platforms 2024.

Business Wire
Aug 27th, 2024
Western Governors University Selects Aera Technology to Create Industry-First Decision Intelligence Ecosystem for Student Success

Western Governors University selects Aera Technology to create industry-first Decision Intelligence ecosystem for student success.

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