Part Analytics offers an AI-powered Design to Source platform that digitizes manual sourcing processes and bridges gaps between PLM and ERP systems for manufacturers. The platform provides a single source of truth for spend and risk management and has been recognized by industry groups such as Digital Procurement World and SpendMatters. Customers across industrial, medical device, and electronics manufacturing report 10–15% incremental cost savings and more than 80% reduction in manual effort; Emerson reported an approximately 90% efficiency gain in its Quarterly Pricing Process after implementation. Part Analytics was founded in 2019 and serves Fortune 1000 clients such as Emerson. The company plans to accelerate adoption of AI-powered procurement technologies, enhance its Design to Source product, and grow its customer base. To support those plans it is hiring across Product Development, Sales & Marketing, and Customer Support.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2021