Volition is an online industrial parts marketplace designed for the needs of hardware development teams, enabling customers to search across a large collection of products and filter to exact specifications. Its product data engine uses automation and AI to empower human experts to create a high-quality catalog at scale. The platform organizes the industry's products to make them searchable and purchasable in one place. Volition has signed a wide range of distributors to list their full catalogs and already serves many Fortune 500 customers. Those customers collectively spend hundreds of millions of dollars annually on components, while the distributors represented on the platform sell billions of dollars of products. The company plans to use the new capital to further scale the marketplace and build features that improve sourcing and increase customer retention.

Total raised

$11M

Funding rounds

1

Latest round

Seed

Latest activity

May 2023