# Paperless Parts

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/paperless-parts

- Industry: Software
- Headquarters: Boston, US
- Website: www.paperlessparts.com
- Total disclosed funding: $30M
- Latest round: Series B (Sep 13, 2021)
- Investors on record: 1

## About

Based in the US, Paperless Parts, Inc. provides innovative quoting and estimating software, specifically designed to enhance efficiency in the manufacturing sector through automated processes.Founded in 2017 and headquartered in Boston, US, Paperless Parts, Inc. specializes in software solutions that streamline quoting for manufacturers. The company has raised a total of USD 30.00 mn through three funding deals, with the latest being a Series B round in September 2021, led by OpenView Venture Partners. The founder, Jason Ray, has a history of entrepreneurship, although there are no details provided regarding other companies he may have founded.Paperless Parts specializes in providing innovative quoting and estimating software specifically designed for the manufacturing sector. Their core product offerings include a centralized platform that streamlines the quoting process for diverse manufacturing applications, such as CNC machining, sheet metal fabrication, additive manufacturing, and Swiss screw machining. The software automates the analysis of part files to identify critical variables, enabling manufacturers to quote single components and complex assemblies significantly faster than traditional methods. Their solution is tailored for various end users, including job shops, contract manufacturers, and large-scale manufacturers across industries such as aerospace, defense, medical devices, and heavy machinery. Paperless Parts markets its software primarily within North America, targeting manufacturers striving for greater efficiency and accuracy in their quoting processes.Paperless Parts operates on a subscription-based revenue model, where clients typically pay for access to their software as a service (SaaS). This structure allows businesses to engage with the platform on a monthly or annual basis, depending on their needs. The company’s flagship product facilitates rapid and accurate quoting, helping manufacturers respond to RFQs (Requests for Quotations) more efficiently than traditional methods. Partnerships and integrations with technology providers enhance the value proposition of their offering. Additionally, Paperless Parts supports various roles within manufacturing operations, from estimators to CEOs, ensuring that its software serves a wide range of customer needs effectively. Specific pricing plans and details regarding transaction structures are designed to be competitive within the manufacturing software market, reflecting the company’s commitment to delivering significant ROI for its users.In September 2021, Paperless Parts, Inc. raised USD 30.00 mn in Series B funding, which will be utilized to expand and strengthen its platform capabilities. This includes a recently announced partnership with PennEngineering, as well as enhancements to its engineering, product, customer success, and support teams. The company aims to introduce new products to the market, further solidifying its presence in the manufacturing sector.

## Funding rounds

- Series B, Sep 13, 2021, $30M — OpenView

## Investors

- OpenView (https://capitalatlas.ai/funds/openview) — Series B