Amid Electronic Supply Chain Disruption, Cofactr Reports 10x YoY Demand IncreaseGrowth Reflects Increased Activity Across Critical Industries as Manufacturers Place Greater Emphasis on Supply Chain Compliance, Traceability and Control
Cofactr Democratizes their Complete Procure-to-Ship Automation Service at a Pivotal Moment for US, Unlocking Support for Agile Hardware Manufacturers in America—with No Upfront Costs
Cofactr, the electronics procurement execution platform, today announced the launch of its free to start, complete procure-to-ship service that eliminates procurement busywork for agile hardware manufacturers. Simplifying procurement for complex manufacturers with a free-to-use full-service procurement solution. Hardware teams can now upload a bill of materials (BOM) and let Cofactr's AI agents and warehouses handle sourcing, optimizing for best price and lead times, ordering, traceability, storage, kitting, and delivery to their manufacturer.
Cofactr Acquires Custom Hardware Sourcing Solution Cogbase to Scale Manufacturers’ Supplier Networks in the U.S.
Cofactr, a source-to-pay and logistics platform for critical hardware manufacturers, today announced the acquisition of hardware sourcing platform Cogbase. Cogbase automates the process of identifying, contacting, and vetting mechanical and electrical suppliers–that build everything from custom components to off-the-shelf materials–so manufacturers can strengthen and scale their supplier networks in the U.S.
Cofactr Acquires AI Solution to Manage Supply Chains That Bring Together Thousands of Parts and Hundreds of Suppliers to Create Products in the U.S.
Cofactr, a supply chain and logistics management platform that streamlines parts sourcing, production and processes for high-compliance and agile hardware manufacturers, today announced the acquisition of AI-based solution Factor.io. Factor.io automates the ordering and tracking of manufacturers’ complete list of materials, components and parts–across the hundreds of suppliers that produce and assemble them–so they can more efficiently move from sourcing and shipping to finished goods.
Cofactr Raises $17M Series A to Streamline Supply Chain So Hardware Manufacturers Can Iterate Fast While Complying With Regulations and Policies
Cofactr, a supply chain and logistics management platform that streamlines production, processes and policies for critical hardware manufacturers, today announced the close of its $17.2M Series A funding round. The raise was led by Bain Capital, one of the world's leading private investment firms, which invests in companies that are transforming traditional industries. It was joined by existing Seed investors Y Combinator, Floating Point Ventures, Broom and DNX. The new investment brings Cofactr’s total funding to $28.8 million.
