NEW YORK, NY – Cofactr has acquired Cogbase, a hardware sourcing platform with a network of over 450,000 suppliers, to strengthen and scale supplier options for US manufacturers. Terms were not disclosed.

The acquisition will permit Cofactr to automate sourcing for complex parts while reducing the average time spent on vetting suppliers.

Cofactr will integrate Cogbase’s automated sourcing capabilities, including 2D/3D drawing uploads, specification matching and supplier outreach.

“Going through multiple rounds of searches for new suppliers has often become the norm for hardware procurement teams,” said Phillip Gulley, CSO and cofounder, Cofactr. “With Cogbase, we’re expanding our ability to solve this challenge.”

Cogbase CEO Doug Platz will now serve as Cofactr’s head of supplier network. The deal follows Cofactr’s February acquisition of Factor.io.

• Next