AI Funding Announcement: $5.5M Secured for Empowering Hardware Supply Chains with Advanced Artificial Intelligence Technology
In the high-stakes sectors of automotive, IoT, defense, aerospace, and complex electronics, Parter, an innovative AI-native platform, is set to transform the way hardware teams manage sourcing, compliance, and supply chain risk.
Parter's AI-powered platform is designed to help teams make smarter decisions, navigate complexity, and stay ahead of supply chain disruptions. By leveraging artificial intelligence, Parter empowers engineering, R&D, and procurement teams to source better, maintain compliance, and mitigate risks more effectively.
One of the key features of Parter's platform is its ability to manage sourcing. By providing AI insights, teams can make more informed decisions about where and how to procure components, leading to smarter design and better sourcing outcomes.
In terms of compliance, Parter ensures regulatory compliance and adherence to standards throughout the hardware supply chain, reducing risks associated with non-compliance.
To address supply chain risks, Parter proactively identifies and helps manage risks such as supply chain disruptions and tariff impacts. This allows teams to anticipate problems and adapt quickly to changing conditions.
Parter's platform also offers a natural language interface, enabling engineers to interact with datasheets without manually searching for part specifications. This streamlined process saves time and resources, allowing teams to focus on other critical tasks.
The platform has been selected as one of only 25 startups worldwide to join the Palantir Startup Fellowship. This partnership gives Parter access to Palantir Foundry and AIP for data integration and AI decision-making, accelerating its mission to become the intelligence layer for the entire hardware ecosystem.
Parter's PCN AI Analyzer automatically summarizes and highlights what's impacted in Product Change Notifications, providing teams with a clear understanding of how changes might affect their operations.
The platform's AI capabilities also extend to predictive alerts for parts at risk of obsolescence, helping teams respond proactively. It also flags tariff exposure and finds drop-in alternatives in real time, further enhancing its risk management capabilities.
Parter's automated quoting and sourcing features, combined with collaborative tools for engineering, supply chain, and procurement teams, harmonize fragmented data, powering a suite of real-time capabilities. These include risk and compliance monitoring, AI-driven part alternatives, predictive alerts, and more.
Parter is already serving a broad spectrum of electronics producers, including OEMs, ODMs, EMS providers, and contract manufacturers. One notable customer is RH Group, a global electronics manufacturer, which has seen significant improvement in managing sourcing and quoting with Parter.
The funding round, led by StageOne Ventures, has provided Parter with $5.5 million to further develop and scale its AI-powered platform. With support from Zenda Capital, Mercer Ventures, and angel investors including Shmil Levy, Cisco executives, and founders of Avalor, Datorama, Epsagon, and Innoviz, Parter is well-positioned to revolutionize the hardware industry with its AI technology.
Finance and investing in Parter's platform can help technology companies in high-stakes sectors such as automotive, IoT, defense, aerospace, and complex electronics, as it's designed to make smarter supply chain decisions, maintain compliance, and manage risks using artificial intelligence. By investing in Parter, companies can leverage AI to source better, reduce non-compliance risks, proactively manage supply chain disruptions, and find alternatives for parts at risk of obsolescence, all of which contribute to a more efficient and profitable hardware ecosystem.
