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Config is a software company that streamlines hardware development by integrating computer-aided design files, supply chain documents, bills of material, and procurement tracking into a single centralized platform. The system facilitates efficient collaboration across the broader consumer hardware industry by connecting internal engineering teams directly with external component suppliers and contract manufacturers. Operating as an early-stage venture-funded enterprise, the company announced that it had raised $5 million in seed funding in June 2023 to support the continued expansion of its supply chain management software. The organization is backed by a syndicate of prominent technology executives and angel investors, including Twitter co-founder Biz Stone, former Facebook vice president Dan Rose, former Stripe executive Lachy Groom, and Coda founder Shishir Mehrotra. Config was officially founded in 2019 by Thiel Fellow and former Hello founder James Proud.
Config has raised $5.0M across 1 funding round.
Config has raised $5.0M in total across 1 funding round.
Configit is a Copenhagen-based technology company specializing in Configuration Lifecycle Management (CLM) software for manufacturing complex, configurable products. It offers SaaS solutions like Configit Ace® that enable error-free product configuration, variant management, and collaboration across engineering, sales, manufacturing, and service teams using patented Virtual Tabulation® technology.[1][2][3][4] Serving global giants such as ABB, Jaguar Land Rover, John Deere, Grundfos, Vestas, Siemens, and Danfoss, Configit helps these firms bring customizable products to market faster, with higher quality and lower costs by providing a single source of truth for product data.[1][2][3] The company targets the manufacturing sector, particularly automotive and industrial machinery, reducing configuration errors and accelerating processes from idea to operations.[2][4][5]
Founded in 2000 in Copenhagen, Denmark, Configit emerged as a pioneer in CLM solutions amid growing demands for managing highly complex, configurable products in manufacturing.[1][2][3] The company's backstory centers on its invention of Virtual Tabulation® technology, which addressed limitations in traditional configuration tools by enabling superior speed and complexity handling for mission-critical applications.[1][3][4] Early focus on business-critical software for global enterprises laid the groundwork for its leadership, with pivotal growth through adoption by top manufacturers and recent expansions like CLM-as-a-Service and partnerships (e.g., with PTC for PLM integration in 2024).[3] This evolution from rule-based configuration to full lifecycle management has solidified its role in redefining product configuration globally.[2][3]
Configit's standout features revolve around its CLM platform, which stands out in handling extreme product complexity:
Configit rides the wave of Industry 4.0 and digital transformation in manufacturing, where surging product customization demands robust CLM to manage variants amid supply chain pressures and faster market cycles.[1][2][4] Timing is ideal as manufacturers shift to SaaS for agility, with Configit's tech enabling "from idea to operations" in an era of AI-driven automation and PLM/CAD integrations.[3] Market forces like regulatory complexity, cost pressures, and global competition favor its solutions, which cut time-to-market and errors while fostering ecosystem partnerships with integrators for apps/services.[4][5] By powering leaders in automotive and heavy machinery, Configit influences the ecosystem through accelerated innovation, higher-quality configurable products, and standards for collaborative configuration.[1][2]
Configit's trajectory points to dominance in AI-augmented CLM, with 2024 releases like Ace® 7 and Quote® 13 signaling a shift to Gen-AI for instant configurators and deeper PLM synergies.[3] Upcoming trends—such as hybrid cloud compliance, real-time variant optimization, and sustainable manufacturing—will amplify demand for its traceable, collaborative platform.[1][4] Expect expanded influence via strategic alliances and ecosystem apps, potentially capturing more mid-market adopters while solidifying enterprise lock-in, ultimately redefining how complex products scale profitably in a customization-driven world.[2][5] This positions Configit as a foundational enabler for manufacturing's next efficiency leap.
Config has raised $5.0M in total across 1 funding round.
Config's investors include 8VC, B Capital Group, Byers Capital, Coatue, First Round Capital, Founders Fund, Greylock, Innovation Endeavors, LGF, Lightspeed Venture Partners, Outcast Ventures, Ribbit Capital.
Config has raised $5.0M across 1 funding round. Most recently, it raised $5.0M Seed in June 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2023 | $5M Seed | — | 8VC, B Capital Group, Byers Capital, Coatue, First Round Capital, Founders Fund, Greylock, Innovation Endeavors, LGF, Lightspeed Venture Partners, Outcast Ventures, Ribbit Capital, Saga, Scribble Ventures, Sherpalo Ventures, Stripe, Akshay Kothari, Bradley Horowitz, Dylan Field, Emil Michael, Gokul Rajaram, Jason Citron, Manik Gupta, Mike Tsao, RON Pragides, Ryan Tabone, SAM Altman, BIZ Stone, DAN Rose, Frederick Blackford, Lachy Groom, Shakil Khan, Shishir Mehrotra, Soleio | Announced |
