Parter, a Tel Aviv, Israel- and NYC-based AI-powered company helping hardware teams – from engineering and supply chain to R&D – manage complexity, raised $5.5m in seed funding.
The round was led by StageOne Ventures, with participation from Zenda Capital, Mercer Ventures, and angel investors including former Sequoia partner Shmil Levy, executives from Cisco, Ariel Maislos, and founders of Avalor, Datorama, Epsagon, and Innoviz.
The company intends to use the funds for product development, go-to-market expansion, and U.S. growth as they officially launch out of stealth.
Led by Asaf Israelit (CEO), Omer Gilat (CTO), and Ronen Hoffer (VP R&D), Parter provides a platform that connects data, teams, and decisions to allow hardware companies to streamline their operations. The solution unifies product and supplier data from BOMs (Bill of Materials), datasheets, ERP and PLM systems, PDFs, and spreadsheets into one clean, structured system. AI agents validate, enrich, and link that data to generate real-time insights and recommendations. Capabilities include risk and compliance monitoring, auto alternatives for impacted components powered by AI agents, predictive alerts for obsolescence and tariffs, sourcing and quoting automation, and collaboration tools for cross-functional teams.
The company serves the full spectrum of electronics producers, including OEMs, ODMs, EMS, and contract manufacturers in sectors like IoT, communications, automotive, and defense.
FinSMEs
08/07/2025