Cofactr, a supply chain and logistics platform for hardware manufacturers, has secured $17.2 million in a Series A funding round led by Bain Capital Ventures.
The funding aims to support the development of tools that address the challenges in scaling domestic manufacturing in critical sectors such as drone production.
Cofactr's platform helps manufacturers navigate compliance and operational challenges while accelerating innovation by streamlining complex supply chains.
The company plans to introduce additional product categories and launch multiple new applications each year with the funding received.