# Cofactr

> Cofactr is a New York-based software and logistics company that automates electronics procurement and supply chain operations for hardware manufacturers. Its cloud platform takes a team from bill of materials (BOM) to build by combining AI agents with ITAR-registered warehouses to handle sourcing, ordering, traceability, storage, kitting, and delivery. Cofactr is built for high-compliance, fast-moving industries such as aerospace, defense, robotics, and medical devices.

- **Founded:** 2021
- **Headquarters:** Brooklyn, New York, United States
- **Founders:** Matthew Haber (Co-Founder & CEO), Phillip Gulley (Co-Founder & CTO)
- **Team size:** ~46 employees
- **Products:** Procurement as a Service, Smart Warehousing & Storage, Custom Kitting, Compliance & Traceability, Real-Time Visibility
- **Notable:** Raised $17.2M Series A led by Bain Capital Ventures (Dec 2024), bringing total funding to ~$28.8M., Acquired AI company Factor.io in February 2025 to add agentic supply chain automation., Adopted by 50+ hardware teams across aerospace, defense, robotics, and medtech.

## Products & services

- **Procurement as a Service** — Upload a BOM and Cofactr's AI agents source across suppliers, optimizing for price and lead time, then place and track orders in a unified cart.
- **Smart Warehousing & Storage** — ITAR-registered, ESD-safe warehousing with authentication, inspection, and complete chain-of-custody traceability for components.
- **Custom Kitting** — Exact quantities split, spliced, and kitted for each build, then delivered to the manufacturer.
- **Compliance & Traceability** — Supplier and inventory data for regulated industries, including ITAR compliance for defense and aerospace contractors.
- **Real-Time Visibility** — Complete tracking from quote to delivery in a single dashboard, with proactive supply disruption alerts and ERP/PLM integration.
- **AI Supply Chain Agents (Factor.io)** — AI that reviews supplier emails and attachments, reconciles them against ERP data, flags purchase discrepancies, and automates supplier follow-ups.

## Achievements

- Raised $17.2M Series A led by Bain Capital Ventures (Dec 2024), bringing total funding to ~$28.8M.
- Acquired AI company Factor.io in February 2025 to add agentic supply chain automation.
- Adopted by 50+ hardware teams across aerospace, defense, robotics, and medtech.
- Launched a free-to-start, no-platform-fee procure-to-ship service in 2025.
- Operates ITAR-registered warehousing and kitting for defense and aerospace contractors.

## Latest updates

- **2024-12** — Closed $17.2M Series A led by Bain Capital Ventures to scale its supply chain and logistics platform.
- **2025-02** — Acquired AI solution Factor.io to automate ordering and tracking across hundreds of suppliers.
- **2025-10** — Launched a free-to-start complete procure-to-ship automation service with no upfront costs or platform fees.

## Links

- Website: https://www.cofactr.com
- LinkedIn: https://www.linkedin.com/company/cofactr
- Twitter/X: https://twitter.com/cofactrtweets
- YouTube: https://www.youtube.com/@cofactr

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Profile page: https://yespress.io/cofactr
Published by YesPress — https://yespress.io
Last updated: 2026-06-07