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Cofactr Raises $17.2M to Help Aerospace and Defense Companies Navigate Complex Supply Chains
- Cofactr has raised $17.2m in a funding round led by Bain Capital Ventures.
- Cofactr is streamlining the supply chains of high-compliance companies including those in aerospace, defense and medical technology.
- The logistics management platform streamlines parts sourcing and supplier procurement, providing access to a network of pre-vetted suppliers.
- Part of the platform's remit is to help organisations maintain compliance while speeding product development cycles.
- The platform works by creating a seamless link between Product Lifecycle Management, Enterprise Resource Planning and Manufacturing Execution Systems.
- Cofactr is the only end-to-end electronics procurement and logistics solution, letting companies streamline supply chain management.
- The platform serves more than 50 customers, spanning high-compliance sectors such as defence and regulated industries, as well as consumer-facing industries like wearables and autonomous vehicles.
- Cofactr's SaaS platform offers a modular option at affordable prices that lets smaller teams start with the basics and expand as they grow.
- The company plans to debut several new platform capabilities in the next six months, including an AI-powered source-to-quote module and improved approval and collaboration tools.
- The firm plans to expand its capabilities and launch additional product categories and modules.
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