Parter Secures $5.5 Million to Launch AI-Driven Supply Chain Management for Hardware Teams

Parter Secures $5.5 Million to Transform Hardware Supply Chains with AI

On July 7, 2025, Parter, a New York-based AI company, announced that it has raised $5.5 million in seed funding to enhance its AI-driven platform designed specifically for hardware teams. This funding round was led by StageOne Ventures, with notable participation from Zenda Capital, Mercer Ventures, and a range of angel investors, including former Sequoia partner Shmil Levy and executives from Cisco.

The primary goal of Parter is to streamline the complex landscape of hardware manufacturing, particularly in the areas of supply chain management, risk assessment, and response to tariffs. As the complexities in global trade and supply chains continue to mount, Parter aims to simplify the operation for engineering, supply chain management, and research and development teams.

According to a 2024 survey conducted with over 500 manufacturing leaders, a staggering 98% of respondents reported facing ongoing issues due to fragmented data sources, which can lead to delays, cost overruns, and missed opportunities. These challenges necessitate a robust and unified approach to managing supply chain risks and data handling.

Asaf Israelit, co-founder and CEO of Parter, stated, "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."

The Parter platform integrates various data sources, including Bills of Materials (BOMs), datasheets, ERP and PLM systems, and legacy spreadsheets into a structured and user-friendly interface. This creates a coherent database that empowers teams to work collaboratively while minimizing the risk of miscommunication or oversight in their operations. By leveraging advanced AI technologies, the platform enables teams to preemptively address potential issues concerning tariffs, compliance stipulations, or supply chain disruptions.

Parter’s features include risk and compliance monitoring capabilities, AI-driven recommendations for sourcing alternatives for affected components, predictive alerts concerning potential obsolescence, and innovative automation for the sourcing and quoting process. This means that hardware teams are no longer confined to manual processes or outdated tools, but instead are equipped to react quickly and intelligently, ensuring that production remains consistent.

The company is set to cater to a wide variety of electronics producers, including OEMs, ODMs, EMS, and contract manufacturers across sectors such as IoT, communications, automotive, and defense, where the pace of change and risk can be particularly pronounced.

Highlights of the platform’s impact can be seen through testimonials from current users. Hila Arditi, VP of Supply Chain at RH Group, noted, "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."

Adding to their momentum, Parter has been selected as one of just 25 startups globally to participate in the prestigious Palantir Foundry-backed Accelerator Programme, aimed specifically at AI startups working in complex data environments. This recognition underscores Parter's innovative approach to enhancing hardware intelligence and its commitment to driving advancements in supply chain methodologies.

With this fresh funding, Parter is looking to further develop its products and expand into the U.S. market, marking an important step as they aim to officially launch out of stealth mode. As they continue to grow, the firm expects to provide invaluable insights and tools that empower businesses to reduce costs, increase efficiency, and remain competitive in an ever-evolving global market.

For more information about Parter and its offerings, visit Parter's website and their LinkedIn profile.