Specright

Specification management and supply chain data platform

Irvine, California, United States

About Specright

Specright specializes in Specification Management and supply chain data management, focusing on the manufacturing, packaging, and product development sectors. The platform allows businesses to manage and optimize product specifications, which include detailed information about ingredients, packaging, and labels. By centralizing this data, Specright helps companies streamline operations, reduce costs, and accelerate innovation. A key feature is the integration of specification data with sales data, enabling data-driven decision-making. Operating on a Software-as-a-Service (SaaS) model, Specright provides a user-friendly platform that promotes higher adoption rates. The company also offers educational services like webinars and a Spec Academy to engage users. Specright's goal is to transform how companies manage product specifications and supply chain data, ultimately enhancing product quality and driving sustainable practices.

Irvine, CaliforniaHeadquarters
2014Year Founded
$40.9MTotal Funding
SERIES_BCompany Stage
Industrial & Manufacturing, Enterprise SoftwareIndustries
51-200Employees

Risks

Increased competition from startups could erode Specright's market share.
Economic downturns may impact Specright's subscription-based revenue model.
Data privacy regulations may impose additional compliance costs for Specright.

Differentiation

Specright is the first cloud-based platform for Specification Data Management.
The platform integrates specification data with sales data for data-driven decisions.
Specright offers additional educational services like webinars and a Spec Academy.

Upsides

Growing demand for sustainable packaging solutions aligns with Specright's offerings.
The rise of digital twins in manufacturing creates opportunities for Specright.
Increased focus on supply chain resilience boosts demand for Specright's solutions.

Funding

Total raised$40.85 M
Latest valuation$150.00 M
StageSERIES_B