Paperless Parts offers a cloud-based estimating and quoting platform for job shops and contract manufacturers, including CRM, an intelligent CPQ system, secure file sharing, quote performance analytics, and comprehensive reporting. The platform combines configurable geometric pricing, integration with CRM and ERP systems, and business process automation to streamline workflows and RFQ responses across CNC, swiss screw, and sheet metal fabrication processes. Founded in 2017 and headquartered in Boston, the company serves hundreds of U.S. manufacturing customers and reports customers have uploaded over 1 million job files and are processing over $1 million in orders per day. Paperless Parts plans to use new funding to enhance estimating automation using model-based definition files, develop a natural language processing engine to extract data from technical drawings and PDFs, and add vendor RFQ functionality. The company recently announced a partnership with PennEngineering and intends to expand its engineering, product, customer success, and support teams. Privately funded by manufacturing industry experts, Paperless Parts aims to continue improving efficiencies for manufacturing business owners through product innovation.

Total raised

$30M

Funding rounds

1

Latest round

Series B

Latest activity

Sep 2021