Enterprise MRO ... As the Co-Founder and CEO of SPARETECH, I am passionate about redefining that largely untapped business of industrial spare parts. We're building a MRO ...
Since Jan 2019 · 7 yrs 10 mos
Profile summary: CHRONEXT Manager E-Commerce
SPARETECH
SPARETECH provides an enterprise MRO software platform that helps manufacturers cut costs and reduce unplanned downtime through intelligent spare parts management. The platform connects to SAP and IBM Maximo, offering global spare parts search, automated BOM checks, and data lifecycle management. It leverages a reference database of over 40 million parts to help companies achieve an average 20% inventory reduction.
- Logistics & Supply Chain
- Artificial Intelligence
- Data & Analytics
- Enterprise Software
- Industrial Automation
- Manufacturing / Industry 4.0
- Software Only
Updated today
Funding
Raised to date
$42.3MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
across 4 rounds
BECM$20M · Series B
Announced Nov 2026 · from article date
Disclosed cumulative: $42.3M
4/4
RoundDateAmountValuationInvestors
Founders
Product
Problem
Manufacturing companies managing large MRO (maintenance, repair, and operations) inventories across multiple plants struggle with inefficient spare parts search, duplicate material records, and poor data quality. These issues lead to unnecessary procurement, excess inventory, and unplanned downtime, while manual processes for parts identification and BOM processing are time-consuming and error-prone.
Solution
SPARETECH provides an enterprise MRO software platform that centralizes spare parts management through four core pillars: global spare parts search, automated BOM check, data lifecycle management, and digital workflow. The platform connects to existing ERP systems like SAP and IBM Maximo, allowing maintenance and procurement teams to find parts 60% faster using any available information, even with typos or special characters. Its automated BOM check identifies parts already in inventory to prevent duplicate procurement, while data lifecycle management enriches records with original manufacturer information and proactively manages obsolescence. The digital workflow module standardizes material creation through customized approval processes and AI recommendations, ensuring data quality and governance across the organization.
Target Audience
Primary customers are maintenance, procurement, and MRO management teams at large manufacturing enterprises operating across multiple plants, particularly those in industries like automotive, industrial equipment, and electronics manufacturing.
Features
- Global spare parts search across a reference database of 40M+ parts with fuzzy matching that handles typos, special characters, and spelling variations
- Automated BOM check that shortens spare parts list processing time by over 50% and identifies existing inventory to prevent unnecessary procurement
- Data lifecycle management that deduplicates material masters, enriches parts with original manufacturer data, and proactively manages obsolescence
- Digital workflow with customized approval processes and AI recommendations for standardized material creation and governance
- Cross-plant availability checking that provides transparent part availability across all storage locations independent of ERP systems
- Integration with SAP, IBM Maximo, and other enterprise systems via API, with SOC2 Type II independently attested security compliance
- Collaboration features including commenting, tagging, and centralized tracking of material-related discussions and decisions