bom-management
(4)
Part Analytics Bet Procurement Teams Were Done With Spreadsheets - Then Customers Rewrote the Product
Two former GE HealthCare operators built the electronics sourcing system they wished they had. Their useful trick was letting early customers pull it from a BOM tool into a broader operating layer for procurement - and the reported results explain why Altium bought it.
LevaData
LevaData is an enterprise SaaS company that builds an AI-powered supply management platform for direct-materials procurement. Founded in 2015 and headquartered in Pleasanton, California, its Cognitive Supply Management platform blends a company's bill of materials and sourcing objectives with real-time market data covering over a billion parts and tens of thousands of suppliers to recommend cost savings, flag risks, and speed up new product introduction. It counts manufacturers and OEMs among its customers and raised a $47M Series C in 2021 led by Banneker Partners.
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.
Z2Data
Z2Data is a Santa Clara, California supply chain risk management (SCRM) company that turns a normalized database of over a billion electronic components, a million-plus suppliers, and hundreds of thousands of global manufacturing sites into a single platform for mapping, monitoring, and de-risking the technology supply chain. Founded in 2016 by a team with two decades of supply chain experience, it blends human-curated data with AI and machine learning so engineers, procurement teams, compliance officers, and ESG strategists can see part-to-site risk, regulatory exposure, obsolescence, and geopolitical disruption before it reaches the production line.