# Factor Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/factor-technology

- Industry: Environmental Services
- Headquarters: Cambridge, US
- Website: www.factor.io
- Total disclosed funding: $6M
- Latest round: Seed (Dec 14, 2021)
- Investors on record: 4

## About

Factor Technology Inc. specializes in developing advanced supply chain solutions tailored for hardware manufacturers, enabling integrated management of procurement, logistics, and inventory to enhance operational efficiency.Factor Technology Inc. is focused on providing innovative supply chain execution solutions for hardware manufacturers. The company was co-founded by Hugh Winkler and Phillip Strauss. Headquarters are located in Cambridge, US. In February 2025, Factor Technology Inc. was acquired by Cofactr Inc., allowing for expanded procurement capabilities beyond electronic components.Factor Technology Inc. offers a comprehensive Supply Chain Execution Platform designed for hardware manufacturers, integrating source-to-pay and third-party logistics functionalities. Their core offerings include tools for procurement, inventory management, kitting, and shipping solutions, streamlining the hardware supply chain from sourcing components to final assembly. Their client base spans industries such as electronics and aerospace, providing essential support for optimizing supply chain operations.Factor Technology Inc. operates on a subscription-based revenue model, allowing clients to engage with its integrated supply chain solutions. Clients typically purchase access to the platform for their procurement and logistics needs through tiered subscription plans that include features like real-time availability checks and predictive supply data. This model helps enhance operational efficiency and reduce costs associated with procurement delays.With the acquisition by Cofactr Inc. in February 2025, Factor Technology Inc. aims to expand its offerings beyond electronic components to serve manufacturers in defense, aerospace, robotics, and medtech industries. The recent funding of USD 6.00 mn from the Seed round, led by Gradient Ventures, will be utilized to enhance product development and support market expansion efforts, specifically targeting new geographical regions and sectors by the end of 2025.

## Funding rounds

- Seed, Dec 14, 2021, $6M — Xfund, Afore Capital, Gradient Ventures, South Park Commons

## Investors

- Xfund (https://capitalatlas.ai/funds/xfund) — Seed
- Afore Capital (https://capitalatlas.ai/funds/afore-capital) — Seed
- Gradient Ventures (https://capitalatlas.ai/funds/gradient-ventures) — Seed
- South Park Commons (https://capitalatlas.ai/funds/south-park-commons) — Seed