Specright

Specright

Web-based packaging specification system. Learn more
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DateInvestorsAmountRound
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Seed
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$3.2m

Early VC

$8.8m

Series A

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Early VC

$30.0m

Series B
Total Funding€38.2m

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Specright, headquartered in Tustin, California, is a pioneering company specializing in Specification Management and supply chain data management. Founded by Matthew Wright, a packaging executive with over 20 years of industry experience, Specright addresses the complexities and inefficiencies associated with managing product specifications. The company operates primarily in the manufacturing, packaging, and product development sectors, serving a diverse range of clients from some of the world's largest corporations to emerging challenger brands.

Specright's platform allows businesses to manage and optimize their product specifications, which include detailed information about ingredients, packaging, labels, and other critical components. By centralizing this data, the platform helps companies streamline their operations, reduce costs, and accelerate innovation. One of the key features of Specright's platform is its ability to integrate specification data with sales data, enabling businesses to make data-driven decisions that add real value.

The company operates on a Software-as-a-Service (SaaS) business model, where clients subscribe to use the platform. This model provides a steady stream of recurring revenue for Specright. Clients benefit from the platform's ease of use, which promotes higher adoption rates and supports broader project implementation. Specright also offers additional services such as webinars, a Spec Academy, and a Specification Management Summit to educate and engage its user base.

In summary, Specright is revolutionizing the way companies manage their product specifications and supply chain data. By providing a user-friendly platform that integrates critical data points, Specright helps businesses optimize costs, enhance product quality, and drive sustainable practices.

Keywords: Specification Management, Supply Chain Data, SaaS, Product Development, Packaging, Cost Optimization, Innovation, Data Integration, Sustainability, User-Friendly.

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