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About Paperless Parts
Industries
Industrial & Manufacturing
Enterprise Software
Company Size
51-200
Company Stage
Series B
Total Funding
$37.1M
Headquarters
Boston, Massachusetts
Founded
2017
Overview
Paperless Parts provides quoting software designed specifically for manufacturers, catering to a wide range of clients from small job shops to large production facilities. Their main product is a cloud-based platform that simplifies and speeds up the quoting process, ensuring greater accuracy. This platform features advanced analytics, collaboration tools, and a part viewer, which assist manufacturers in optimizing their operations and increasing 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 enhance efficiency and accessibility in the manufacturing industry, ultimately aiming to transform how manufacturers operate.
Simplify's Take
What believers are saying
- Increased AI adoption in manufacturing boosts demand for Paperless Parts' AI-powered tools.
- The trend towards cloud-based solutions supports Paperless Parts' platform strategy.
- Industry 4.0 drives demand for advanced analytics, aligning with Paperless Parts' offerings.
What critics are saying
- Competition from AI-driven quoting platforms could erode Paperless Parts' market share.
- Rapid AI advancements may outpace Paperless Parts' integration capabilities, risking obsolescence.
- Reliance on cloud solutions exposes Paperless Parts to potential service disruptions.
What makes Paperless Parts unique
- Paperless Parts offers a cloud-based platform tailored for custom part manufacturing.
- The platform integrates with existing ERP and accounting software for seamless operations.
- AI-powered tools like Wingman enhance quoting accuracy and efficiency for manufacturers.
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Funding
Total Funding
$37.1M
Meets
Industry Average
Funded Over
2 Rounds
Industry standards
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
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 2%2 year growth
↓ -5%At Paperless Parts' user conference earlier this month, POWER 2025, that's exactly what Paperless Parts Inc did; whether it was through industry benchmarking polls, feedback boards, or Jay Jacobs interviewing attendees for a special episode of The Job Shop Show podcast.
Paperless Parts has announced the launch of its new BOM Builder, a feature release designed to streamline and simplify the quoting process for complex assemblies.
Paperless Parts announces the launch of Paperless Parts Wingman, its new AI-powered automation tool to make quoting from prints faster, more efficient, and less error-prone.
Paperless Parts has launched its new AI-supported quote setup workflow, designed to streamline the tasks associated with RFQ intake and prep work.
Paperless Parts, a Boston-based quoting and communication platform for custom part manufacturers, has promoted Jason Luce from senior vice president of engineering to chief technology officer.
Paperless Parts is Hiring for 11 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Paperless Parts
Industries
Industrial & Manufacturing
Enterprise Software
Company Size
51-200
Company Stage
Series B
Total Funding
$37.1M
Headquarters
Boston, Massachusetts
Founded
2017
Paperless Parts is Hiring for 11 Jobs on Simplify!
Find jobs on Simplify and start your career today