Cofactr, a NYC-based provider of a supply chain and logistics management platform, announced the acquisition of Factor.io, a Cambridge, MA-based company developing AI-based solutions.
The amount of the deal was not disclosed.
Cofactr will integrate Factor.io’s capabilities into its unified platform, where critical hardware manufacturers and R&D teams manage and automate every process involved in getting products to market fast while navigating rigorous corporate and governmental processes. Now, they will additionally have complete visibility into the status of every part in their Bill of Materials (BOM), across the end-to-end direct material management process.
Led by CEO Doug Shultz, Factor.io automatically tracks supplier communications on every purchase order that manufacturers issue–across every supplier they work with. The company’s AI solution automatically reviews emails and attachments, and compares the information and inventory details it finds with data in the company’s ERP solution.
Led by CEO Matthew Haber, Cofactr is a supply chain and logistics management platform that eliminates compliance and operational roadblocks for critical hardware manufacturers working on high-velocity projects. The company’s platform is in use by organizations that build everything from rocket ships, satellites and drones to robotics, autonomous vehicles and wearables.
Cofactr’s acquisition of Factor.io followed the company’s recent close of its $17.2M Series A funding round in December 2024.
FinSMEs
06/02/2025