Daniel J SaitD-Tools has announced a $12 million Series C investment led by technology executive John Heyman through his newly formed company, StellarIQ.
The funding, which includes continued backing from majority investor Greybull Stewardship, will support D-Tools’ mission to solidify its position as the go-to platform for electronic systems contractors.
The capital injection comes with exclusive access to proprietary artificial intelligence technologies developed by StellarIQ. These tools will be integrated into D-Tools’ suite of business management software, enhancing workflow automation, increasing functionality and offering data-driven insights to help integrators and supply chain partners operate more efficiently.
“D-Tools has long served as the backbone for system integrators managing complex projects and businesses,” says John 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.”
In addition to upgrading the D-Tools software suite, the AI integration will boost the company’s Industry Information & Insights (I3) initiative, which provides benchmarking, analytics and market intelligence for the integration sector. This initiative aims to connect the entire ecosystem—from integrators and buying groups to manufacturers and distributors.
“This investment allows us to fully realise 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.”
Greybull Stewardship’s founder and CEO, Mason Myers, added, “Our continued investment in D-Tools reflects our strong conviction in its mission, leadership and sustained market opportunity. 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.”
StellarIQ was founded by John Heyman and Alon Goren, who previously led Radiant Systems from start-up to IPO and eventual acquisition by NCR Corporation for $1.3 billion. The pair also co-founded AnswerRocket and Max AI, with their proprietary AI technologies already deployed by companies such as AB InBev, Kantar and Suntory Global Spirits.
As the software provider continues to expand, this latest investment marks a significant step forward in the company’s goal to be the industry’s essential platform for managing sales, design, installation, service and operations—while further advancing its leadership in research, analytics and intelligent automation, says the company.