The New York startup made contract manufacturing searchable, raised at least $78 million in publicly announced funding, and turned buyer demand into a software wedge. The useful lesson is less about AI than about starting with the ugliest spreadsheet in a valuable industry.
Thomas survived the death of its 34-volume directory by keeping the hard part - trusted industrial data - and changing the container. Its second act offers a practical lesson for any niche marketplace: own the taxonomy, earn buyer intent, then sell suppliers the tools to be chosen.