D-Tools has announced it has secured a $12 million Series C investment led by technology executive and investor John Heyman through his newly formed company, StellarIQ.The new funding adds to the continued support from Greybull Stewardship, D-Tools’ majority investor.
As part of the extra funding deal, D-Tools will also gain access to StellarIQ‘s proprietary AI technology, allowing it to be incorporated into D-Tools’ product suites.
“This investment allows us to fully realize our mission—to empower system integrators with purpose-built tools, actionable insights, and AI technologies that simplify complexity and drive growth,” says Randy Stearns, CEO of D-Tools. “With StellarIQ’s strategic involvement and Greybull’s ongoing support, we are accelerating our product roadmap and expanding our vision to serve the entire industry value chain.”
According to D-Tools, StellarIQ’s AI technology, incorporation of the AI technology into its suites will allow the company to deliver on more automated workflows as well as intelligent tools that are designed to help integration firms operate more efficiently and bolster their bottom line.
Additionally, D-Tools has stated the new access to AI will allow the company to expand its D-Tools’ Industry Information & Insights initiative, providing market intelligence, benchmarking and analytics that connect the entire systems integration ecosystem—from integrators and buying groups to manufacturers and distributors.
D-Tools emphasizes that as it continues its growth trajectory, the investment from StellarIQ helps to ensure the company remains focused on its long-term goal of becoming the industry’s top platform for delivering integrated solutions that support sales, system design, installation, service, and operations while advancing leadership in industry research, analytics, and intelligent automation.
“D-Tools has long served as the backbone for system integrators managing complex projects and businesses,” comments Heyman. “Our investment of capital and technology will propel D-Tools even further, creating a connected platform that empowers every employee and unites stakeholders across the industry through advanced analytics and reporting. I’m confident D-Tools will continue to lead and define the future of this space.”
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.
“Our continued investment in D-Tools reflects our strong conviction in its mission, leadership, and sustained market opportunity,” adds Mason Myers, CEO and founder of Greybull Stewardship. “As long-term partners, we’re proud to support this next chapter, as D-Tools scales its technology, expands its reach, and further empowers and equips companies across the industry.”
