| Volition, a recently launched San Francisco-based B2B marketplace for the industrial components industry, has raised an $11M funding round led by Newark Venture Partners and Quiet Capital. The industry-specific B2B marketplace aims to connect buyers to a network of over 500,000 industry suppliers. - Volition is lauded as the first and only industrial parts marketplace for industrial parts supplies.
- The
company claims its B2B marketplace technology significantly facilitates
the search process for various industrial components.
- The core technology is designed to handle and organize a large number of products from many suppliers.
- Data
automation features purport to transform a wide range of product
information into a normalized dataset to ensure updated information and
specified search systems that enable engineering and supply chain teams
to search and filter parts.
- The company plans to use its fresh funds to expand its operations.
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