Factor

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.

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

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

• Electronics procurement automation
• Supply chain infrastructure
• ITAR-registered warehousing
• Component sourcing platform
• BOM procurement software

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Operations, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. Procurement Services: Managed procurement services for electronics components with full supply chain visibility
2. Storage and Kitting Services: ITAR-registered warehousing and kitting services for manufacturing clients
3. Inventory Financing: Financial services expanding inventory financing capabilities for manufacturing clients

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core 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

Named customers15 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad 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

• LinkedInlinkedin.com/company/cofactr

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds3 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Factor