/Companies

Cofactr

YC W22

New York City, US · Founded 2021 · Delaware corporation · 15 employees · Hiring · 18 known investors

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Cofactr operates an electronics supply chain platform providing component intelligence, procurement execution, and ITAR-registered warehousing services for hardware manufacturers. The platform helps manufacturers reduce procurement time, minimize production delays, and scale operations without proportional headcount increases.

Also known as Cofactr, Inc.

Founders & leadership· Y Combinator alumni (W22)

Cofactr was founded in 2021 by Matthew Haber and Phillip Gulley.

MHMatthew Haber
Matthew HaberCEO, Co-FounderMatthew Haber co-founded and previously led BeSide, an R&D and product design firm that was acquired by a strategic buyer backed by private equity. He is now CEO and co-founder of Cofactr, where he focuses on serving hardware teams in emerging technology sectors.
PGPhillip Gulley
Phillip GulleyChief Strategy Officer (CSO), Co-FounderHe previously co-founded an R&D and product design company that was acquired, and has worked with technology brands and artists. He holds an MFA in Performance and Interactive Media Arts from Brooklyn College and a BA in Theater from the University of South Florida.
MH
Matt HaberFounder
PG
Phil GulleyFounder
NT
Noah TruebloodData Lead
RH
Riley HarringtonDirector, Platform Engineering
KM
Katie McNeillFrontend Engineering Lead
SU
Sunny UgharejaStaff Eng
DS
Dilly Sanborn-MarshChief of Staffformer

Board

AAAJAY AGARWAL
AJAY AGARWALBoard directorPartner at Bain Capital Ventures

Investors · 18

Broom Ventureslisted by Broom VenturesSan Francisco

How we know: the VCSheet dataset · research · vcnewsdaily.com · Y Combinator's founder network · Not right? Tell us

Floating Pointlisted by Floating PointBoston

How we know: Floating Point's portfolio page · the VCSheet dataset · Y Combinator's founder network · Not right? Tell us

Grant Park VenturesreportedLos Altos

How we know: Y Combinator's founder network · Not right? Tell us

Litani VenturesreportedChicago

How we know: Y Combinator's founder network · Not right? Tell us

Romulus CapitalreportedBoston · $250K – $10M

How we know: Y Combinator's founder network · Not right? Tell us

Seed Riverreported$10K – $100K

How we know: Y Combinator's founder network · Not right? Tell us

Standard CapitalreportedSan Francisco

How we know: Y Combinator's founder network · Not right? Tell us

Sweet Spot CapitalreportedNew York

How we know: Y Combinator's founder network · Not right? Tell us

Also in the syndicate · 2

DNXFloating Point Ventures

Reported raises · per SEC filings

Form D private placements

$26.4M disclosed across 3 of 4 rounds · 2021–2024

▶$17.2MraisedOct 2024 · 9 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • PHILLIP GULLEYExecutive Officer, Director
  • MATTHEW HABERExecutive Officer, Director
  • AJAY AGARWALDirector
Offering amount
$17.8M
Amount sold
$17.2M
First sale
Oct 2024
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$9.1MraisedOct 2023 · 27 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Matthew HaberExecutive Officer, Director
  • Phillip GulleyExecutive Officer, Director
  • Ajay AgarwalDirector
Offering amount
$9.1M
Amount sold
$9.1M
Proceeds to insiders
$346.5K
First sale
Sep 2023
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$112.5KraisedAug 2021 · Manufacturing
Rule 506(c)
Officers, directors & promoters on the filing
  • Phillip GulleyExecutive Officer
  • Matthew HaberExecutive Officer, Director
Amount sold
$112.5K
Minimum investment
$2.5K
Proceeds to insiders
$140K
First sale
Jul 2021
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06c
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Cofactr provides supply chain and logistics infrastructure for electronics hardware manufacturers, spanning the workflow from bill of materials (BOM) to shipped kits. The platform is organized around three solution areas: Procurement as a Service (a single cart and purchase order across component suppliers, with built-in approvals, quote/invoice/receipt capture, and price and lead-time comparison across more than 1,000 suppliers); Compliance and Traceability (supplier vetting, certificate tracking, automatic tracking of country of origin, HTS and ECCN export-compliance data, supplier reliability scoring, and full audit trails); and Storage and Kitting (ESD-safe, climate-controlled warehousing, professional receiving with moisture-sensitivity-level management and anti-counterfeit inspection, one-click BOM-to-kit conversion, live inventory dashboards, chain of custody, and one-day kitting from bi-coastal warehouse locations).

Users upload a BOM or connect an eCAD/PLM system; Cofactr states its AI matches items across a catalog of more than 100 million parts and that AI agents manage quotes, execute procurement and track supplier communication and shipping. The platform integrates with ECAD and PLM tools (Altium 365, Arena, Duro), ERP and finance systems (SAP, NetSuite, Oracle Fusion Cloud, QuickBooks Online, Coupa), productivity suites (Google Workspace, Microsoft), AWS S3, data warehouses, the Violet Labs iPaaS, and CalcuQuote's EMS quoting software. Cofactr states it is ITAR-registered and SOC 2 compliant and runs on AWS GovCloud to meet the requirements of high-compliance industries.

The company describes its customer base as organizations building rocket ships, satellites, drones, robotics, autonomous vehicles and wearables, and publishes case studies with Stoke Space, Neros Technologies and Salient Motion.

Founding story

Founded in 2021 and part of Y Combinator's Winter 2022 batch. Co-founders Matthew Haber (CEO) and Phillip Gulley (Chief Revenue Officer) previously co-founded BeSide, an R&D, product design and experiential technology company that exited through a private-equity-backed strategic acquisition. Haber's background is in engineering, technology leadership and design; Gulley holds an MFA from Brooklyn College in Performance and Interactive Media Arts and a BA from the University of South Florida in Theater.

Business model

B2B software and services: Cofactr sells a platform plus operational services (procurement execution, warehousing, kitting and fulfillment) to hardware manufacturers, offering a "Start Free" entry point alongside demo-led engagement. Sources do not disclose pricing or contract structure.

Not specified in the sources beyond the company's Y Combinator profile stating it has growing revenue; the offering combines a software platform with procurement-as-a-service and physical storage/kitting operations.

Traction

Y Combinator lists Cofactr as active with a team size of 15 and states it has growing revenue and significant venture backing. Published case studies claim Neros Technologies scaled hardware operations 10x and Salient Motion reduced production cycles to three weeks. Company-stated aggregate results include more than 40% time savings on procurement tasks, 80% faster BOM procurement and an 85% reduction in production delays; these are vendor claims.

Latest developments

Current site materials describe an AI-centered platform in which AI agents handle quoting, procurement execution and supplier communication, alongside DocAI document processing and a broad set of ERP, PLM, ECAD and finance integrations. Recently published resources include material updated in 2026 on semiconductor tariffs and ITAR compliance for software, and case studies with Stoke Space, Neros Technologies and Salient Motion.

▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Positioned as supply chain infrastructure for critical and regulated hardware manufacturing—aerospace, defense, drones, robotics and similar sectors—where domestic sourcing and export-control compliance are required. It contrasts its unified platform with spreadsheets, ad hoc shelving and manual supplier coordination. Sources do not name competitors.

Combination of software (component intelligence, BOM procurement automation, compliance data) with owned physical operations (ESD-safe, climate-controlled, ITAR-registered warehousing and kitting from bi-coastal locations), plus SOC 2 and ITAR-registered status and AWS GovCloud deployment aimed at defense and aerospace buyers.

Technology

Cloud platform for pre-factory logistics and procurement. Features include AI part matching across a stated 100M+ part catalog, AI agents that handle quoting, procurement execution and supplier/shipping communication, DocAI intelligent document processing connected to cloud storage and email/productivity systems, live inventory dashboards, and automated export-compliance data capture (COO, HTS, ECCN). The system runs entirely on AWS GovCloud and is described as ITAR-registered and SOC 2 compliant, with published material on how the company achieved ITAR compliance for its software.

Go-to-market

Self-serve "Start Free" sign-up combined with sales-led motion (book a demo, talk to a specialist), customer case studies (Stoke Space, Neros Technologies, Salient Motion), an extensive content/resources library on procurement, compliance, ESD, kitting and tariffs, and an integration ecosystem with ECAD, PLM, ERP and quoting tools.

Hardware manufacturers with mission-critical or regulated production, including makers of rocket ships, satellites, drones, robotics, autonomous vehicles and wearables; also contract manufacturers and EMS providers, judging by published guidance aimed at that audience.

Geography

Headquartered in New York City, New York; operates bi-coastal warehouse locations in the United States offering one-day kitting.

History

Founded in 2021 in New York City and admitted to Y Combinator's Winter 2022 batch, with Diana Hu as primary partner. TechCrunch covered the company in November 2022. In December 2024 Cofactr announced a $17.2 million Series A led by Bain Capital with participation from existing seed investors Y Combinator, Floating Point Ventures, Broom and DNX, bringing total reported funding to $28.8 million; the round was also covered by SpaceNews. The company published an account of achieving ITAR compliance for its software in December 2024, updated in June 2026.

Risks & controversies

No controversies are reported in the available sources. Performance figures (40% time savings, 80% faster BOM procurement, 85% fewer production delays, 10x scaling) are self-reported vendor claims without independent verification. Operating in ITAR-regulated defense and aerospace supply chains creates ongoing regulatory and export-control compliance obligations, and semiconductor tariff dynamics referenced in the company's own content indicate exposure to trade-policy changes.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Claimed faster BOM procurementJan 202680%
Claimed reduction in production delaysJan 202685%
Claimed time savings on procurement tasksJan 2026More than 40%
Parts in AI matching catalogJan 2026100M+ parts
Suppliers accessible via platformJan 20261,000+ suppliers
Team sizeJan 202615 employees
Total funding raisedDec 2024$28.8M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

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Companies working in the same space as Cofactr.

Timeline · 3

launches, deals, and filings
Dec 2024
Cofactr closes $17.2M Series A led by Bain Capital

Cofactr announced the close of a $17.2 million Series A round led by Bain Capital, joined by existing seed investors Y Combinator, Floating Point Ventures, Broom and DNX, bringing total funding to $28.8 million.

$17.2M source ↗

Dec 2024
Published account of achieving ITAR compliance for its software

Company article describing how ITAR applies to software used by hardware teams and how Cofactr accomplished ITAR compliance for its software; first published December 2, 2024 and updated June 2026.

source ↗

Jan 2022
Participated in Y Combinator Winter 2022 batch

Cofactr is listed as a Y Combinator Winter 2022 company, with Diana Hu as primary partner.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 2

corporate structure
CofactrDelaware
Cofactr Inc.

In the news

▸Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Cofactr do?
Cofactr runs an AI-assisted electronics supply chain platform combining component intelligence, procurement execution and ITAR-registered warehousing.
Who founded Cofactr?
Cofactr was founded by Matthew Haber, Phillip Gulley in 2021.
Who are Cofactr's investors?
Cofactr's investors include Bain Capital Ventures, Broom Ventures, Cathexis Ventures, Correlation Ventures, Dnx Ventures, Floating Point, Pioneer, Xfund and 8 more.
How much funding has Cofactr raised?
Cofactr has disclosed $26.4M raised across 3 of its 4 known rounds.
Where is Cofactr headquartered?
Cofactr is headquartered in New York City, US.