Factor
Cofactr (formerly Factor) is a San Francisco-based platform that automates electronics-component procurement, compliance, and ITAR-registered warehousing plus kitting for hardware manufacturers across robotics, aerospace, drones, and AI hardware.
- Company typePrivate
- Founded2021
- HeadquartersSan Francisco, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Factor does
Cofactr (formerly operating as Factor) is a San Francisco-based procurement automation platform serving electronics manufacturers across robotics, aerospace, drones, AI hardware, and PCB production. The company consolidates multi-supplier sourcing into a single procurement workflow and pairs it with compliance/traceability tooling and ITAR-registered warehousing and kitting, addressing component shortages, BOM processing delays, and regulatory complexity for hardware builders. Its product surface is organized into three modules — Procurement as a Service, Compliance and Traceability, and Storage and Kitting — backed by real-time component intelligence and what the company describes as AI-driven procurement and payment automation.
The platform's underlying technology combines supplier aggregation, BOM-level data, and inventory/kitting operations within a single workflow. Cofactr monetizes through subscription/recurring procurement services, usage-based warehousing and kitting, and recurring inventory financing offerings. Distribution is enterprise-led: the company runs direct enterprise sales with a 'Book a Demo' conversion motion, and logos include Amazon Robotics, Snap Inc., Stoke Space, Neros Technologies, Salient Motion, Standard Bots, Nautilus Defense, Reliable Robotics, AdvancedPCB, Advanced Assembly, AnySignal, AIGEN, Rainmaker, and Farcast.
Financially, Cofactr remains a private, venture-backed seed-stage company. It has raised approximately $6.7 million in disclosed equity across a 2019 Flybridge-backed round and a December 2021 $6 million seed led by Gradient Ventures (Google's AI fund), with Afore Capital, South Park Commons, and Xfund also participating. The leadership team is led by co-founder and CEO Doug Shultz, with Andrew Weber as co-founder and product engineer. The company rebranded from Factor to Cofactr around 2022 as it broadened scope from an initial supply-chain platform to full-service procurement automation for electronics.
Factor firmographics
Firmographics- Name
- Factor
- Legal name
- Cofactr
- Website
- https://factor.io
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Cofactr (formerly Factor) is a San Francisco-based platform that automates electronics-component procurement, compliance, and ITAR-registered warehousing plus kitting for hardware manufacturers across robotics, aerospace, drones, and AI hardware.
- Ownership category
- akta.pro rank
Factor industry classification
Industry- Product category
- Electronics Supply Chain Software
- NAICS
- Other Electronic Component Manufacturing (334419)
- SIC
- Electronic Components & Accessories (3670)
- akta.pro primary industry
- Compliance, Risk & Supplier Due Diligence (KYC/ESG/Sanctions) (BPAAAJAK)
Keywords
Where Factor is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Factor business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Personnel, Marketing or Sales, Supply Chain
Revenue model
- Procurement Services: Managed procurement services for electronics components with full supply chain visibility
- Storage and Kitting Services: ITAR-registered warehousing and kitting services for manufacturing clients
- Inventory Financing: Financial services expanding inventory financing capabilities for manufacturing clients
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Factor product offering
Product offeringCore offering
Factor (operating as Cofactr) provides full-service procurement automation for electronics manufacturers, combining component intelligence, multi-supplier procurement execution, and ITAR-registered warehousing with kitting. The platform unifies bill-of-materials (BOM) procurement, compliance/traceability, and physical storage into a single procure-to-ship workflow for hardware companies that cannot tolerate production delays.
Product overview
Cofactr (formerly known as Factor) is a full-service procurement automation platform for electronics manufacturing. The platform operates as a unified platform with three integrated solution modules: Procurement as a Service for consolidated multi-supplier procurement execution, Compliance and Traceability for supplier/inventory data management in critical industries, and Storage and Kitting for ITAR-registered warehousing and component kitting. The platform also includes component intelligence capabilities to help manufacturers avoid component shortages, compliance gaps, and production delays.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- 40%+ time savings in procurement tasks
- +3 more outcomes
Companies that use Factor
Customer profileNamed customers15 records
Segments4 records
Ideal customer profiles3 records
Factor technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Factor partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights6 records
Factor competitors and assessment
Company assessmentBroad incumbents
- Coupa Software: Coupa is a broad procurement and spend-management incumbent for enterprises. Its P2P suite covers similar workflows but lacks Cofactr's hardware-BOM specificity and ITAR warehousing.
- Mouser Electronics: Mouser is one of the largest electronic component distributors with a deep catalog and global logistics. It is adjacent rather than directly competitive — Cofactr aggregates demand across suppliers that include Mouser — but defines the distribution incumbents Cofactr integrates with.
- Digi-Key Electronics: Digi-Key is a leading electronic component distributor with an extensive catalog and BOM tooling. Like Mouser, it is an established supplier-side incumbent in the ecosystem Cofactr orchestrates, not a direct competitor.
- SAP Ariba: SAP Ariba is the legacy enterprise procurement and supplier-network incumbent. It overlaps with Cofactr on P2P and supplier onboarding, but is not specialized in electronics components or ITAR warehousing.
- Jaggaer: Jaggaer provides procurement and supplier management software across direct and indirect spend. It competes at the procurement layer with Cofactr, but as a general-purpose incumbent.
Direct peers
- Procurify: Procurify provides spend and procurement automation for mid-market companies. It competes with Cofactr for the procurement workflow seat, though less vertically specialized in electronics BOMs.
- SourceDay: SourceDay is a procurement platform built specifically for manufacturers, automating P2P and supplier collaboration — directly comparable to Cofactr's Procurement-as-a-Service offering for BOM-driven buyers.
- Resilinc: Resilinc offers supply chain risk, visibility, and compliance data for manufacturers — overlapping with Cofactr's Compliance and Traceability module and its ITAR-grade supplier intelligence.
Emerging players
- Fictiv: Fictiv runs an on-demand manufacturing platform for custom parts. It addresses a related hardware-supply pain point — sourcing and producing parts — for many of the same hardware-startup customers Cofactr serves.
- TraceLink: TraceLink provides end-to-end pharmaceutical supply chain traceability and serialization. It overlaps with Cofactr's traceability and compliance capabilities but serves a different regulated vertical.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key highlights7 records
Customer concentration
Factor social profiles
Digital presenceFactor financial estimates
Financial estimateRevenue estimate
Valuation estimate
Factor leadership team
Management profileNumber of profiles
Profiles2 records
Factor funding detail
Funding detailFunding overview
Funding rounds3 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Factor M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Factor
What does Factor do?
Factor (operating as Cofactr) provides full-service procurement automation for electronics manufacturers, combining component intelligence, multi-supplier procurement execution, and ITAR-registered warehousing with kitting. The platform unifies bill-of-materials (BOM) procurement, compliance/traceability, and physical storage into a single procure-to-ship workflow for hardware companies that cannot tolerate production delays.
Is Factor a public or private company?
Factor is a private company. It is classified as venture growth investor backed and is currently operating.
When was Factor founded?
Factor was founded in 2021. It employs 11 to 50 people.
Where is Factor based?
Factor is headquartered in San Francisco, United States, in the North America region.
How does Factor make money?
Three revenue lines are on record. Procurement Services are the primary driver. The others are storage and Kitting Services and inventory Financing.
Who are Factor's main competitors?
Broad incumbents on record are Coupa Software, Mouser Electronics, Digi-Key Electronics, SAP Ariba and Jaggaer. Direct peers are Procurify, SourceDay and Resilinc. Emerging players are Fictiv and TraceLink.
Does Factor have an API?
No public API is recorded for Factor.
What industry is Factor in?
Factor's product category is Electronics Supply Chain Software. Its primary akta.pro industry code is BPAAAJAK, Compliance, Risk & Supplier Due Diligence (KYC/ESG/Sanctions). Its NAICS code is 334419 and its SIC code is 3670.