# Specright

> Specright is the first cloud-based, patented platform for Specification Data Management - the digital backbone that captures the DNA-level data of products, packaging, formulas, and bills of materials in a single source of truth. Founded in 2014 by packaging veteran Matthew Wright, it helps the world's largest brands and challenger startups cut costs, accelerate innovation, and reduce waste by replacing scattered spreadsheets with connected, auditable specification data. The platform now hosts more than 5 million products and is layering AI across formulation and spec-first PLM workflows.

- **Founded:** 2014
- **Headquarters:** Irvine, California, United States
- **Founders:** Matthew Wright (Founder & Executive Chairman (former CEO))
- **Team size:** ~150 employees
- **Products:** Specification Data Management Platform, Specification Management, Supplier Management & Collaboration, Spec-First PLM, AI Formulation
- **Notable:** Created and named the Specification Data Management software category, Recognized as a Gartner Cool Vendor, Named to the 2025 Gartner Cool Vendors in AI and Data Tools for Packaging

## Products & services

- **Specification Data Management Platform** — Cloud-based, patented system of record that stores DNA-level data for products, packaging, formulas, ingredients, and bills of materials in a single source of truth.
- **Specification Management** — Tools for creating, versioning, comparing, and auditing specs with full audit trails and change management across teams and suppliers.
- **Supplier Management & Collaboration** — Shared workflows that let brands and suppliers collaborate on specs, approvals, and changes in real time.
- **Spec-First PLM** — Specification-first product lifecycle management keeping every spec aligned from concept to commercialization, with AI capabilities for the food & beverage industry.
- **AI Formulation** — AI-assisted formula creation reported to deliver up to 10x faster formula creation and roughly 60% less bench time.
- **Integrations** — Connectors to enterprise systems such as Salesforce and SAP so Specright acts as the core data system feeding tangential best-in-class tools.

## Achievements

- Created and named the Specification Data Management software category
- Recognized as a Gartner Cool Vendor
- Named to the 2025 Gartner Cool Vendors in AI and Data Tools for Packaging
- Won a Salesforce Innovation Award
- Named a Top Place to Work by the OC Register and Built in LA
- Platform hosts 5 million+ products
- Raised ~$42M total funding including a $30M Series B

## Latest updates

- **2025-04** — Mike Boese appointed CEO; founder Matthew Wright transitions to Executive Chairman.
- **2025** — Recognized in Gartner's Cool Vendors in AI and Data Tools for Packaging.
- **2025** — Announced new AI and specification-first PLM capabilities for the food & beverage industry, including AI Formulation.
- **2025** — Announced global expansion, new AI-driven capabilities, and an expanded leadership team.

## Links

- Website: https://specright.com
- LinkedIn: http://www.linkedin.com/company/specrightinc
- Twitter/X: https://twitter.com/specrightinc
- YouTube: https://www.youtube.com/c/Specright
- Facebook: https://www.facebook.com/specrightInc

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Profile page: https://yespress.io/specright
Published by YesPress — https://yespress.io
Last updated: 2026-06-20