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Part Analytics Raises $3M Venture Round To Accelerate Digital Transformation Of Sourcing

Aug 16, 2021•almost 4 years ago

Amount Raised

$3 Million

Round Type

seed

Milwaukee

Description

Part Analytics, the direct sourcing software platform that applies artificial intelligence to reduce costs, identify hidden risks and accelerate product development for global manufacturing companies, is announcing the closing of $3 million Venture Round from MK Capital.

Company Information

Company

Part Analytics

Location

Milwaukee, Wisconsin, United States

About

www.partanalytics.com Part Analytics is on a mission to transform sourcing into a competitive advantage for manufacturing companies. Part Analytics’ AI-powered Design to Source platform is purpose built by sourcing professionals for sourcing leaders. Part Analytics’ solution provides a single source of truth for spend and risk management by bridging the gap and digitizing manual processes that lie between traditional PLM and ERP solutions. Part Analytics customers realize 10-15% in incremental cost savings, reduce manual effort by more than 80% and build agile sourcing teams that can source smarter and faster. Part Analytics is growing and looking for talent.