Paperless Parts

Paperless Parts

Cloud-based quoting software for manufacturers

About

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 accessible and efficient, ultimately aiming to transform the industry.

Company Stage

Series B

Employees

51-200

Industries

Industrial & Manufacturing, Enterprise Software

Total Funding

$36.1M

Headquarters

N/A

Founded

2017


Simplify Jobs

Simplify's Take

What believers are saying

  • Recognition as one of Boston’s Best Places to Work enhances its appeal to top tech talent, fostering a strong and innovative workforce.
  • The opening of a new West Coast office positions Paperless Parts to better serve the aerospace industry, a rapidly growing market segment.
  • Recent enhancements to their platform, such as the AI-supported quote setup workflow and 3D Part Viewer, demonstrate a commitment to continuous innovation.

What critics are saying

  • The competitive landscape of manufacturing software is intense, requiring constant innovation to maintain a competitive edge.
  • Rapid expansion, including aggressive hiring and new office openings, could strain resources and operational efficiency.

What makes Paperless Parts unique

  • Paperless Parts leverages AI-supported workflows to significantly reduce quote setup times, a unique feature in the custom part manufacturing sector.
  • The company's focus on vertical SaaS for the manufacturing value chain sets it apart from more generalized software solutions.
  • Their cloud-based, format-agnostic 3D Part Viewer enhances accessibility and usability for manufacturers, distinguishing it from traditional CAD software.

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Growth & Insights
Headcount

6 month growth

2%

1 year growth

-3%

2 year growth

-14%

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