Parter Secures $5.5M to Launch AI Platform for Hardware Teams

Parter has raised $5.5 million in seed funding to launch its AI platform aimed at helping hardware teams manage supply chain risks and tariffs, announced in a press release.

Parter has raised $5.5 million in seed funding to launch its AI platform designed to assist hardware teams in navigating supply chain risks and tariffs, announced in a press release. The funding round was led by StageOne Ventures, with participation from Zenda Capital, Mercer Ventures, and several notable angel investors.

The platform aims to address the challenges faced by hardware manufacturers due to supply chain instability and tariff-driven price hikes. Parter's AI platform unifies product and supplier data from various sources into a structured system, providing real-time insights and recommendations. This includes risk and compliance monitoring, predictive alerts for obsolescence and tariffs, and sourcing automation.

Parter's solution is targeted at electronics producers, including OEMs, ODMs, EMS, and contract manufacturers across sectors like IoT, communications, automotive, and defense. The company, with offices in New York and Tel Aviv, aims to streamline operations and enhance decision-making for hardware teams globally.

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