D-Tools has secured a $12 million (€10.3m) Series C investment led by technology executive and investor John Heyman through his company, StellarIQ, with support from Greybull Stewardship, D-Tools’ majority investor.
This new funding supports D-Tools' mission to become the de facto end-to-end software for electronic systems contractors, as well as help fulfill its mission to create cohesion, improve efficiencies, deliver insights, and fuel growth as an essential service provider to the electronic systems industry. Further, this investment reinforces Greybull’s long-term commitment to the company.
Beyond the capital investment, D-Tools will benefit from StellarIQ’s proprietary AI technology, which will enhance D-Tools product suites— delivering enhanced functionality, more automated workflows, and intelligent tools designed to help integration firms operate more efficiently and bolster their bottom line. This advanced AI technology will also power expanded growth of D-Tools’ Industry Information & Insights (I3) initiative, providing market intelligence, benchmarking, and analytics that connect the entire systems integration ecosystem—from integrators and buying groups to manufacturers and distributors.
StellarIQ was founded by Heyman and his long-time business partner, Alon Goren. With Heyman as CEO and Goren as Chairman and CTO, the pair led Radiant Systems from start-up to IPO and its eventual sale to NCR Corporation for $1.3 billion in 2011. Heyman and Goren have continued their business partnership for 30 years, investing in and founding a number of tech-enabled companies. As the parent company of AnswerRocket and Max AI, StellarIQ has proprietary generative AI technologies that are already in production with Fortune 500 companies, including AB InBev, Kantar, Suntory Global Spirits, and Cereal Partners Worldwide, helping companies transform themselves and drive better growth and profitability while enhancing service levels.