Cofactr, a NYC-based source-to-pay and logistics platform for critical hardware manufacturers, acquired hardware sourcing platform Cogbase.
The amount of the deal was not disclosed.
Cogbase automates the process of identifying, contacting, and vetting mechanical and electrical suppliers–that build everything from custom components to off-the-shelf materials–so manufacturers can strengthen and scale their supplier networks in the U.S. Cogbase has powered over $55 million in sourcing transactions for leaders and emerging players across robotics, automotive, electronics, industrial automation and other industries, including TRIC Robotics, Milton Industries, Burro, Fulfil.ai, Lab0 and Motivo. Manufacturers can upload 2D or 3D drawings and process documentation to Cogbase, which the platform uses to extract key specifications and match procurement teams with suppliers that meet their exact requirements. The platform then automates outreach to these suppliers, so manufacturers can vet and engage the right partners–and quickly start building.
Critical hardware manufacturers and R&D teams that use Cofactr to streamline procurement and logistics will gain access to Cogbase’s network of over 450,000 suppliers, including machine shops, metal fabricators, injection molders, wire harness assemblers, and PCB fabricators and assemblers. Manufacturers can search, evaluate, and connect with an expanded group of U.S. suppliers that meet their exact part and production requirements within Cofactr’s platform. By integrating Cogbase’s supplier network and capabilities directly into its unified platform, Cofactr offers procurement teams a full end-to-end, automated sourcing process so they can efficiently scale and diversify suppliers.
Cogbase’s CEO and Co-Founder Doug Platz will join Cofactr as the company’s Head of Supplier Network to grow Cogbase’s ecosystem of supplier partners under Cofactr and equip both suppliers and manufacturers with data-driven insights to make more informed and strategic decisions.
Led by Phillip Gulley, CSO and Co-founder, Cofactr is a source-to-pay and logistics 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. Within its single unified platform, they can now automate and manage the complexities of everything from parts sourcing, supplier procurement, payments, and shipping to cross-vendor logistics, stock availability, and government regulations. Cofactr is ITAR and SOC 2 compliant and runs entirely on AWS’s Government Cloud to meet the requirements of high-compliance industries. The current client roster includes Amazon Robotics, Stoke Space, Neros, Summit Interconnect and more across defense, aerospace, robotics, MedTech and other high-compliance industries. The company is backed by Bain Capital, Y Combinator, Floating Point Ventures, Broom and DNX.
This news follows Cofactr’s acquisition of AI solution Factor.io in February to automate the tracking of supplier communications across every purchase that manufacturers make.
FinSMEs
17/05/2025