direct-materials
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The Chemical Has a Name. The Buyer Needs a Match.
A drum of chemicals can carry the right name and still be the wrong ingredient. Valdera built its sourcing platform around the awkward details that decide whether a supplier can actually deliver.
LightSource and the $30 Billion Spreadsheet
At Tesla, Spencer Penn watched car parts move through spreadsheets and email. LightSource is his attempt to give the people buying those parts a record that survives the next design change.
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.