Parter, an AI-based company helping hardware teams from engineering and supply chain to R&D manage complexity and stay ahead of disruption, announced $5.5 million in seed funding. The funding round was led by StageOne Ventures, with participation from Zenda Capital, Mercer Ventures, and notable angel investors including former Sequoia partner Shmil Levy, executives from Cisco, Ariel Maislos, and founders of Avalor, Datorama, Epsagon, and Innoviz.
How the funding will be used: The funding will support Parter’s product development, go-to-market expansion, and U.S. growth as the company officially launches out of stealth.
Problem being addressed: Hardware manufacturing is under significant strain due to supply chain instability, including tariff-driven price increases and fragmented systems, making it harder to bring products to market. A 2024 survey of over 500 manufacturing leaders revealed that 98% face ongoing issues with disconnected and incomplete data, leading to delays and cost overruns.
As trade policies shift and pressure to reshore production grows, hardware teams must adapt quickly. Parter offers the tools to help them manage complexity, reduce risks, and make proactive decisions.
What Parter does: Parter helps hardware teams overcome the limitations of scattered spreadsheets, outdated tools, and manual processes. With AI support, teams can proactively manage risks, respond quickly, and make informed decisions regarding tariffs, shortages, compliance issues, and supply chain bottlenecks.
The platform consolidates data from various sources, such as Bills of Materials (BOMs), datasheets, ERP systems, and more, into a single organized system. AI agents validate and link this data to provide real-time insights and recommendations. Key features include risk and compliance monitoring, automated component alternatives, predictive alerts for obsolescence and tariffs, and collaboration tools for cross-functional teams.
Parter serves a diverse range of electronics producers, including OEMs, ODMs, EMS providers, and contract manufacturers in sectors like IoT, communications, automotive, and defense.
Parter was picked as one of just 25 startups globally to join the Palantir Foundry-backed accelerator program. The cohort is designed to support AI-native startups working in complex and data-rich industries, further validating Parter’s unique approach to hardware intelligence.
KEY QUOTES:
“Our customers are under pressure from every direction. Data is siloed, teams are disconnected, and global instability makes everything harder. We built Parter to bring clarity. Our platform connects data, teams, and decisions so hardware companies can streamline their operations and move with confidence – all thanks to AI.”
Asaf Israelit, co-founder and CEO of Parter
“Parter is solving a massive, overlooked problem. This team is applying AI where it’s desperately needed, turning operational chaos into strategic clarity, equipping businesses with the essential tools they need to bring their hardware manufacturing to the U.S. or nearshore accordingly. It’s a game-changer for hardware companies and couldn’t be more timely.”
Tal Slobodkin, managing partner at StageOne Ventures
“Parter has completely transformed how we manage sourcing and quoting. By automating manual steps and simplifying our procurement process, Parter has helped us respond faster to customer needs and navigate today’s complex supply chain landscape with confidence.”
Hila Arditi, VP Supply Chain at RH Group
