Cofactr
Cofactr provides an AI-powered procure-to-ship platform for electronics manufacturers in high-compliance industries including aerospace, defense, medical technology, autonomous vehicles, and wearables. The platform unifies component intelligence, procurement execution, ITAR-registered warehousing, kitting, and compliance traceability.
- Company typePrivate
- Founded2021
- HeadquartersBrooklyn, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Cofactr does
Cofactr is a Brooklyn-based, venture-backed supply chain technology company founded in 2021 that operates an AI-powered procure-to-ship platform for electronics manufacturers in regulated industries. The company serves over 50 customers across aerospace & defense, medical technology, autonomous vehicles, wearables, and robotics & drones, offering a unified platform that combines component intelligence, procurement execution, BOM management, supplier coordination, ITAR-registered warehousing, kitting, and delivery tracking. The platform runs on AWS Government Cloud with ITAR and SOC 2 Type II compliance, and includes AI-driven capabilities such as DocAI for compliance documentation, BOM Scrub for component validation, Auto-Replenish for inventory management, an AI-powered source-to-quote engine, and a public API for programmatic integration. Physical operations include an ITAR-registered headquarters and warehouse at 630 Flushing Ave, Brooklyn, NY and a West Coast warehouse opened in Long Beach, CA in June 2025.
Cofactr generates revenue through multiple streams: transaction-based fees embedded in part pricing when acting as a customer's buying agent, recurring platform access subscription fees, monthly storage and warehousing charges, per-service fees for component inspection (visual/X-Ray imaging, chemical analysis, electrical testing), and one-time implementation fees. In October 2025 it introduced a free procure-to-ship tier, adding a product-led growth motion alongside its enterprise field sales approach. The company is led by co-founders Matthew Haber (CEO) and Phillip Gulley (CSO) and operates with 11–50 employees.
Cofactr has raised $28.8M in total funding, including a $17.2M Series A in December 2024 led by Bain Capital Ventures with participation from DNX Ventures, Y Combinator, Floating Point, and Broom Ventures, among others. The company has pursued an aggressive inorganic growth strategy in 2025, completing three acquisitions — an unnamed AI supply chain solution (February 2025), Cogbase (May 2025), and Factor.io (September 2025) — alongside the new Long Beach warehouse, the free-tier launch, and ongoing engineering and customer support hiring funded by the Series A.
Cofactr firmographics
Firmographics- Name
- Cofactr
- Legal name
- COFACTR Inc.
- Website
- https://cofactr.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Cofactr provides an AI-powered procure-to-ship platform for electronics manufacturers in high-compliance industries including aerospace, defense, medical technology, autonomous vehicles, and wearables. The platform unifies component intelligence, procurement execution, ITAR-registered warehousing, kitting, and compliance traceability.
- Ownership category
- akta.pro rank
Cofactr industry classification
Industry- Product category
- Supply Chain Management Software
- NAICS
- Commercial and Service Industry Machinery Manufacturing (3333)
- SIC
- Misc Industrial & Commercial Machinery & Equipment (3590)
- akta.pro primary industry
- Light Assembly & Sub-Assembly (TLAIAFAD)
Keywords
Where Cofactr is headquartered
LocationHeadquarters
- HQ city
- Brooklyn
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Cofactr business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Procurement as a Service / Buying Agent: Cofactr acts as the customer's buying agent for purchasing parts, materials, and assemblies. Customers submit purchase orders via the platform; Cofactr sources parts, recommends alternative suppliers, negotiates pricing on behalf of customers, and manages supplier communication. Revenue is generated through the margin embedded in part pricing, plus service fees disclosed in quotes.
- Platform Access Fees: Customers pay recurring platform access fees on a schedule listed in their order form, typically monthly or annual, for access to the Cofactr web interface and platform tools.
- Storage and Warehousing: Monthly storage fees for parts held at Cofactr facilities (Brooklyn, NY and Long Beach, CA), calculated based on storage space usage and related services. Additional charges apply for handling, special services, packaging, and shipping.
- Part Inspection Services: Additional services including visual imaging, X-Ray imaging, chemical analysis, electrical testing, and coordination of third-party inspection providers, billed at per-service rates.
- Procurement Automation Platform (Free Tier): A free, full-service procure-to-ship platform launched allowing hardware manufacturers to upload a bill of materials and automate sourcing, storage, and delivery processes — likely generating revenue through transaction fees and premium services rather than the core platform access.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free procure-to-ship platform — no upfront costs |
| Subscription | Annual | Platform access fee (custom commercial tier) |
| One time/ perpetual license | Pay-as-you-go | One-time implementation fee |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
Cofactr product offering
Product offeringCore offering
Cofactr operates an AI-powered procure-to-ship automation platform for electronics manufacturers, combining component intelligence, multi-supplier procurement execution, BOM management, ITAR-registered warehousing, kitting, and delivery tracking in a single unified system. The company also acts as a buying agent, sourcing parts on behalf of customers, recommending alternative suppliers, and negotiating pricing while running on AWS Government Cloud with SOC 2 Type II compliance. The platform serves over 50 hardware manufacturers across aerospace, defense, medical technology, autonomous vehicles, wearables, robotics, and drones.
Product overview
Cofactr offers a unified procure-to-ship automation platform for electronics manufacturers, combining component intelligence, procurement execution, compliance management, and ITAR-registered warehousing and kitting. The platform is built around three core solutions: Procurement as a Service (one-cart multi-supplier sourcing), Compliance and Traceability (regulatory compliance and audit trails), and Storage and Kitting (real-time inventory visibility and rapid kit assembly). Cofactr has expanded through acquisitions including Factor.io for AI-driven supply chain visibility and Cogbase for supplier network scaling. Key AI features include DocAI for compliance document processing and BOM Scrub for lifecycle and risk analysis. The platform integrates via API for programmatic access.
Differentiator
Problem solved
Functional benefit
Products and services
- Cofactr Platform Unified procure-to-ship SaaS platform that combines component intelligence, procurement execution, BOM management, supplier coordination, ITAR-registered storage, kitting, and delivery tracking for electronics manufacturers in high-compliance industries.
- Procurement as a Service One-cart, multi-supplier procurement service that automates sourcing, purchasing, supplier negotiation, and order management across the entire supplier network for hardware manufacturers, with Cofactr acting as the customer's buying agent.
- Compliance and Traceability Supplier and inventory data management solution providing regulatory compliance, traceability, and audit trails for defense, aerospace, and medical electronics manufacturers, including ITAR-compliant data handling.
- Storage and Kitting ITAR-registered component storage and kitting service with real-time stock visibility, lot and serial number tracking, and rapid kit assembly for manufacturing production runs at Brooklyn, NY and Long Beach, CA facilities.
Quantifiable outcome
- Over 40% time savings in procurement tasks
- +8 more outcomes
Companies that use Cofactr
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles3 records
Cofactr technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability8 records
Feature4 records
Cofactr partnerships and signals
Strategic signalScale indicators12 records
Recent moves7 records
Expansion highlights6 records
Cofactr competitors and assessment
Company assessmentDirect peers
- Fictiv: Fictiv operates a digital manufacturing ecosystem that includes on-demand CNC, injection molding, sheet metal, and 3D printing services with integrated sourcing and supply chain management. Both Cofactr and Fictiv serve hardware manufacturers seeking to streamline procurement and production of complex electronic and mechanical assemblies.
- MacroFab: MacroFab provides a cloud platform for electronics manufacturing that includes PCB assembly, component sourcing, and supply chain management for low-to-mid volume hardware companies. Direct overlap with Cofactr's BOM-to-build workflow, component procurement, and kitting services for hardware startups.
- Sourcengine: Sourcengine is a digital sourcing platform for electronic components that connects buyers with verified suppliers for obsolete, allocated, and hard-to-find parts. Comparable to Cofactr's component intelligence and multi-supplier sourcing layer, though Sourcengine is primarily a marketplace rather than a full procure-to-ship platform.
- Octopart: Octopart (acquired by Altium, now part of Renesas) provides electronic component data and search across distributors, serving engineers and procurement teams with pricing, availability, and datasheet access. Overlaps with Cofactr's real-time component intelligence and BOM visibility features.
- Findchips: Findchips (owned by Supplyframe/Siemens) provides electronic component search and price comparison across global distributors, serving procurement and engineering teams. Comparable to Cofactr's component intelligence and availability tracking, though Findchips is primarily a search tool without kitting or warehousing services.
Broad incumbents
- Supplyframe: Supplyframe (acquired by Siemens in 2021) offers a B2B marketplace and supply chain intelligence platform for the electronics component industry, including sourcing, design, and procurement solutions. Comparable to Cofactr's component intelligence and supplier coordination capabilities but at significantly larger scale within the Siemens ecosystem.
- Hubs (by Protolabs): Hubs, acquired by Protolabs in 2021, provides an online manufacturing platform for custom prototyping and on-demand production including CNC, injection molding, and 3D printing. Comparable on the procurement/fulfillment orchestration layer for hardware manufacturers, though Hubs focuses on mechanical parts while Cofactr focuses on electronics.
- Xometry: Xometry operates an AI-powered marketplace for on-demand manufacturing including CNC, injection molding, sheet metal, and 3D printing with quoting and supply chain tools. Comparable in offering an AI-driven procurement platform for custom manufacturing, though Xometry's core focus is on mechanical rather than electronic component sourcing.
- Coupa Software: Coupa provides a broad business spend management platform including procurement, invoicing, and supply chain design used by large enterprises. Comparable to Cofactr's procurement-as-a-service layer at a much larger horizontal scale, though Coupa lacks Cofactr's electronics-specific BOM and ITAR-registered warehousing capabilities.
Emerging players
- JLCPCB: JLCPCB is a Shenzhen-based PCB fabrication and assembly provider offering low-cost electronics manufacturing with integrated component sourcing through LCSC. Overlaps with Cofactr on PCB assembly and component procurement but is positioned at much lower price points and higher volumes from a non-U.S. base.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Cofactr social profiles
Digital presenceCofactr compliance and trust
Trust signalCompliance2 records
Cofactr financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cofactr leadership team
Management profileNumber of profiles
Profiles4 records
Cofactr funding detail
Funding detailFunding overview
Funding rounds5 records
Investors14 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cofactr M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cofactr
What does Cofactr do?
Cofactr operates an AI-powered procure-to-ship automation platform for electronics manufacturers, combining component intelligence, multi-supplier procurement execution, BOM management, ITAR-registered warehousing, kitting, and delivery tracking in a single unified system. The company also acts as a buying agent, sourcing parts on behalf of customers, recommending alternative suppliers, and negotiating pricing while running on AWS Government Cloud with SOC 2 Type II compliance. The platform serves over 50 hardware manufacturers across aerospace, defense, medical technology, autonomous vehicles, wearables, robotics, and drones.
Is Cofactr a public or private company?
Cofactr is a private company. It is classified as venture growth investor backed and is currently operating.
When was Cofactr founded?
Cofactr was founded in 2021. It employs 11 to 50 people.
Where is Cofactr based?
Cofactr is headquartered in Brooklyn, United States, in the North America region.
How does Cofactr make money?
Five revenue lines are on record. Procurement as a Service / Buying Agent is the primary driver. The others are platform Access Fees, storage and Warehousing, part Inspection Services and procurement Automation Platform (Free Tier).
Who are Cofactr's main competitors?
Direct peers on record are Fictiv, MacroFab, Sourcengine, Octopart and Findchips. Broad incumbents are Supplyframe, Hubs (by Protolabs), Xometry and Coupa Software. JLCPCB is listed as an emerging player.
Does Cofactr have an API?
Yes. Cofactr offers a public API that allows programmatic access to its platform. The API enables developers to integrate Cofactr's sourcing, kitting, and inventory capabilities into their own systems. Use cases include pushing validated BOMs directly into Cofactr, automatically creating programs and kits with shipping destinations, pulling order status, supplier data, shipping progress, and costs programmatically, and integrating with internal dashboards. The platform is used by customers like Diode Computers who built custom integrations using the API. Developer documentation is at support.cofactr.com/collections/6002177411-integrations_and_apis.
What industry is Cofactr in?
Cofactr's product category is Supply Chain Management Software. Its primary akta.pro industry code is TLAIAFAD, Light Assembly & Sub-Assembly. Its NAICS code is 3333 and its SIC code is 3590.