Paperless Parts

Cloud-based quoting software for manufacturers

Boston, Massachusetts, United States

About Paperless Parts

Paperless Parts provides quoting software designed specifically for manufacturers, catering to a wide range of clients from small job shops to large production facilities. The main product is a cloud-based platform that simplifies and speeds up the quoting process, enhancing accuracy. Key features of the platform include advanced analytics, collaboration tools, and a part viewer, which collectively help manufacturers optimize their operations and increase their success rates in winning quotes. Unlike many competitors, Paperless Parts operates on a subscription-based model, allowing clients to access the software for a recurring fee. The company's goal is to make manufacturing more efficient and accessible, ultimately aiming to transform the industry.

Boston, MassachusettsHeadquarters
2017Year Founded
$36.1MTotal Funding
SERIES_BCompany Stage
Industrial & Manufacturing, Enterprise SoftwareIndustries
51-200Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
Paid Vacation
Wellness Program
Gym Membership
Commuter Benefits
Health Savings Account/Flexible Spending Account
401(k) Retirement Plan
Employee Recognition Program

Risks

Increased competition from AI-driven platforms may erode market share.
Economic downturns could impact subscription-based revenue model.
Expansion into aerospace may face regulatory and compliance challenges.

Differentiation

Paperless Parts offers a unique AI-powered quoting tool, Wingman, enhancing efficiency.
The platform integrates seamlessly with existing ERP and accounting software for manufacturers.
Focuses on custom part manufacturing, providing tailored solutions for niche industry needs.

Upsides

Growing demand for AI in manufacturing boosts Paperless Parts' market potential.
Cloud-based solutions trend supports Paperless Parts' platform adoption and growth.
Expansion into aerospace industry offers significant market opportunities in Southern California.

Funding

Total raised$36.13 M
Latest valuation$150.00 M
StageSERIES_B
SERIES B
8/31/2021
$30
$150.00 M
SEED
12/31/2020
$7
$35.70 M