Specright Raises $8.8 Million to Advance Supply Chain Software

IRVINE, Calif., April 29, 2019 /PRNewswire/ -- Specright, Inc., a software company that enables customers to control critical supply chain specifications such as packaging, products, and raw materials, announced today an $8.8 million Series A round of funding. Gabe Greenbaum, PGVCs Los Angeles based Partner, who will be joining the board, has seen firsthand the inefficiencies and resulting negative impact on industries where there is a lack of supply chain and specification data. "As investors with deep roots in the manufacturing and supply chain ecosystem, weve seen the pain and inefficiencies caused when business units, vendors, and suppliers arent on the same page due to the traditional siloing of data," Greenbaum said. "Over a short period of time, Specright has grown to serve a variety of functions across the supply chain, such as packaging, quality, procurement, marketing, and new product development," Averitt said. Whether its packaging, raw materials, formulas, products, or machines, Specright helps companies reduce costs, create efficiencies, and drive sustainability by structuring, sharing, and analyzing specifications along the supply chain.