Parter Exits Stealth with $5.5M to Help Hardware Teams Stay Ahead of Chaos
Parter, a startup building AI-powered tools for hardware teams juggling supply chain mess and engineering sprawl, has raised $5.5 million in seed funding. The round was led by StageOne Ventures, with backing from Zenda Capital, Mercer Ventures, and a notable lineup of angels, including ex-Sequoia partner Shmil Levy and executives from Cisco, Avalor, and Innoviz.
The company is emerging from stealth at a time when global hardware manufacturing is under significant pressure. Tariffs, shortages, and disconnected systems are slowing down product timelines. In a 2024 survey of over 500 manufacturing execs, a staggering 98% said fragmented and incomplete data was holding them back.
Parter’s AI platform is built to turn that chaos into something usable. It ingests BOMs, datasheets, PDFs, ERP systems, and PLMs, cleans them all up, and then uses AI agents to generate live insights. That means early warnings on tariffs or obsolescence, instant alternatives for critical parts, and smoother collaboration across the supply chain, R&D, and engineering.
“Our customers are under pressure from every direction. Data is siloed, teams are disconnected, and global instability makes everything harder,” said Asaf Israelit, co-founder and CEO of Parter. “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 startup already serves OEMs, ODMs, and manufacturers across IoT, automotive, defense, and communications. RH Group, a global manufacturer with operations across the U.S. and Europe, says the platform has helped it respond faster to customers by automating quoting and sourcing.
As of this week, Parter has also joined Palantir’s Foundry-backed accelerator, one of just 25 startups selected globally. The program supports AI-native companies working in heavy data environments, a fit that matches Parter’s mission to fix the data mess plaguing hardware teams.
The new capital will go toward expanding U.S. operations, growing go-to-market efforts, and building out more automation features that keep hardware companies ahead of the next supply chain shakeup.
