Cofactr, a supply chain and logistics management platform that streamlines production, processes and policies for critical hardware manufacturers, today announced the close of its $17.2M Series A funding round. The raise was led by Bain Capital, one of the world's leading private investment firms, which invests in companies that are transforming traditional industries. It was joined by existing Seed investors Y Combinator, Floating Point Ventures, Broom and DNX. The new investment brings Cofactr's total funding to $28.8 million.

Cofactr is a supply chain and logistics management platform that eliminates compliance and operational roadblocks for critical hardware manufacturers working on high-velocity projects. The company's platform is in use by organizations that build everything from rocket ships, satellites and drones to robotics, autonomous vehicles and wearables. These companies not only need to produce and source fast while navigating stringent corporate processes and policies, those in regulated industries additionally need to do it domestically to comply with governmental requirements. Within Cofactr's single unified platform, they can now automate and manage the complexities of everything from parts sourcing, supplier procurement, payments and shipping to cross-vendor logistics, stock availability, and government regulations. Cofactr is ITAR and SOC 2 compliant and runs entirely on AWS's Government Cloud to meet the requirements of high-compliance industries.