The Acquisition Will Expand Supplier Access and Increase Partner Optionality for Manufacturers As They Navigate Tariffs and Other Supply Chain Shifts
Cofactr, a source-to-pay and logistics platform for critical hardware manufacturers, today announced the acquisition of hardware sourcing platform Cogbase. 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.
The critical hardware manufacturers and R&D teams that rely on 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 now easily 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.
Most manufacturers end up replacing at least one supplier each year—often due to disruptions like declining quality, rising costs, inventory shortages or unexpected closures that shut down production for two weeks on average. And with growing uncertainty around the impact of tariffs, it's become even more of a priority for manufacturers to expand their supplier options to ensure production remains uninterrupted. The process to source a new supplier, however, can be especially complex and time-consuming for critical hardware manufacturers whose products require hundreds of unique parts and must comply with strict regulations.
Instead of procurement teams spending three to six months manually researching suppliers, requesting quotes and coordinating meetings—with no guarantee of finding the right partner—Cogbase leverages data and automation to enable them to make faster, more reliable sourcing decisions.
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.
“Going through multiple rounds of searches for new suppliers has often become the norm for hardware procurement teams because of the lengthy processes and decades-old tools that are currently available to them,” said Phillip Gulley, CSO and Co-founder, Cofactr. “But with supply chain disruptions becoming more frequent, manufacturers need to be able to accelerate the sourcing process and quickly connect with suppliers–even for the most complex parts in their bill of materials. With Cogbase, we’re expanding our ability to solve this challenge for manufacturers and quickly grow their supplier network.”
With the acquisition of Cogbase, Cofactr will unlock more supplier options for manufacturers and improve outcomes for their multi-sourcing, onshoring, de-risking and cost-reduction initiatives. 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.
“Most manufacturers only start to look for supplier replacements when they have to—which often means they’re doing it under pressure, at exactly the wrong moment,” said Platz. “By simplifying the sourcing process, we’re helping manufacturers to discover new suppliers not only when they urgently need them, but also proactively—so they can stop disruptions before they happen and keep production on schedule. We’re excited to join Cofactr and make this vision even more of a reality for manufacturers.”
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. Cofactr’s current client roster includes Amazon Robotics, Stoke Space, Neros, Summit Interconnect and more across defense, aerospace, robotics, MedTech and other high-compliance industries.
About Cofactr
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. These companies not only need to produce and source fast while navigating stringent corporate processes and policies, but those in regulated industries additionally need to comply with governmental requirements. Within Cofactr’s 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.
Cofactr is backed by Bain Capital, Y Combinator, Floating Point Ventures, Broom and DNX.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250515917413/en/
Contacts
Kieran Powell
kieran.powell@channelvmedia.com
