Specright - About the company
Specright is a series B company based in Irvine (United States), founded in 2014 by Matthew Wright. It operates as a Specification Management platform for product and packaging lifecycle, driving efficiency. Specright has raised $41.7M in funding from investors like Pritzker Group, Sageview Capital and Okapi Venture Capital. The company has 151 active competitors, including 11 funded and 20 that have exited. Its top competitors include companies like Redzone, AFS and Trustwell.
Company Details
Specification Management platform for product and packaging lifecycle, driving efficiency. It offers a cloud-based Specification Data Management (SDM) platform that centralizes specification data to streamline product development, ensure traceability, and meet regulatory demands. The platform provides modules for packaging management, product data management, supplier collaboration, new product development, manufacturing instructions, and formulation. It offers solutions for industries like food and beverage, beauty, consumer goods, packaging, industrials, life sciences, and quick-service restaurants. The platform leverages Artificial Intelligence (AI) to provide insights and actions, enabling complete product transparency, supply chain traceability, proactive material management, and enhanced decision-making speed. It integrates with existing systems and offers resources like case studies, reports, and webinars. The platform aims to optimize costs, accelerate innovation, reduce waste, and drive sustainability through a spec-first approach. It is a SaaS platform.
- Website
- www.specright.com/
- Email ID
- *****@specright.com
- Phone Number
- +1 **********
- Registered Address
- Irvine, California
Key Metrics
Founded Year
2014
Location
Irvine, United States
Stage
Series B
Total Funding
$41.7M in 5 rounds
Latest Funding Round
Investors
Ranked
1st among 151 active competitors
Employee Count
170 as on Sep 30, 2026
Legal entities associated with Specright
Specright is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
SPECRIGHT INC CIN: 471571522 , United States, Active | Dec 31, 1999 | - | 94 (As on Dec 31, 2024) | - |
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Specright's funding and investors
Specright has raised a total funding of $41.7M over 5 rounds. Its first funding round was on Mar 24, 2016. Its latest funding round was a Series B round on Jul 13, 2021 for $*****. 6 investors participated in its latest round. Specright has 9 institutional investors.
Here is the list of recent funding rounds of Specright:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 13, 2021 | 6549845 | Series B | 3553049 | 5910117 | 6750732 | 2703378 |
Apr 29, 2019 | 7992312 | Series A | 5402059 | 4681046 | 9131233 | |
Apr 26, 2018 | 5635183 | Series A | 3084871 | 8009697 | 5709863 | 3793812 |
View details of Specright's funding rounds and investors
Specright's founders and board of directors
Founder? Claim ProfileThe founders of Specright is Matthew Wright.
Here are the details of Specright's key team members:
- Matthew Wright: Founder & Chairman of Specright. They serve on the board of 1 company.Contact Info: 1 email address
Specright's Board of Directors
Specright's board has 5 active members. Matthew Wright, Scott Stuart, Marc Averitt, Gabe Greenbaum and Christopher Girgenti are independent board members.Here is the list of Specright's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 8y 4m | |
shcmexd | Independent board member | - | Current | 7y 3m |
puvzx{a | Independent board member | - | Current | 1y 7m |
qhxival | Independent board member | - | Current | 6y 9m |
dwkqwx{ | Independent board member | - | Current | 8y 4m |
View details of Specright's Founder profiles and Board Members
Specright's employee count trend
Specright has 170 employees as of Sep 26. Here is Specright's employee count trend over the years:
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Specright's Competitors and alternates
Top competitors of Specright include Redzone, AFS and Trustwell. Here is the list of Top 10 competitors of Specright, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Specright 2014, Irvine (United States), Series B | Specification Management platform for product and packaging lifecycle, driving efficiency | $41.7M | 58/100 | |
2nd | Redzone 2012, Miami (United States), Acquired | Provider of a connected workforce platform for manufacturing frontline teams | - | 55/100 | |
3rd | AFS 1985, Tampa (United States), Acquired | Provider of cloud and AI-based software for logistics | $31.2M | 46/100 | |
4th | Trustwell 2023, Salem (United States), Acquired | Provider of software suite solutions for food manufacturers | - | 45/100 | |
5th | Maritech Seafood 1984, Kristiansund (Norway), Acquired | Cloud-based software solutions for seafood and logistics industries | - | - | 42/100 |
6th | Produce Pro 1990, Woodridge (United States), Acquired | Provider of a ERP software for perishable food industry | - | - | 42/100 |
7th | Terrantic 2021, Seattle (United States), Seed | Provider of operational data solution designed for the food produce industry | $5.5M | 38/100 | |
8th | Attribytes 2015, Chandler (United States), Acqui-Hired | Provider of a cloud-based platform for foodservice manufacturers and distributors to manage product information, sales, and distribution | $1.9M | 37/100 | |
9th | AI-based software solutions for food manufacturers | $7.98M | 37/100 | ||
10th | CHD expert 1996, Paris (France), Acquired | Hospitality and food service data provider for multiple industries | - | - | 37/100 |
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Specright's Investments and acquisitions
Specright has made no investments or acquisitions yet.
Reports related to Specright
Here is the latest report on Specright's sector:
News related to Specright
Media has covered Specright for a total of 7 events in the last 1 year, 6 of them have been about company updates and 1 about people movement.
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Specright Announces General Availability of R&D Workbench for Food & Beverage and New AI Assistant FeaturesFinancial Post•Aug 26, 2026•Specright
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Specright Doubles Down on AI, Launching Four Major Platform Advances Across the Product LifecycleBusiness Wire•Aug 26, 2026•Specright
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Specright Launches Automated PPWR Declaration of Conformity ReportingBusiness Wire•Jul 22, 2026•Specright
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Specright Announces New AI and Specification-First PLM Capabilities for the Food & Beverage IndustryBusiness Wire•Sep 18, 2025•Specright
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New Collective Aims to Harmonize Sustainability Data, Unveils Oregon EPR Reporting TemplatePackaging Strategies•Sep 05, 2025•Specright, Tyson Foods, Costco
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Specright Announces Appointment of Mike Boese as CEO; Founder Matthew Wright Transitions to Executive ChairmanBusiness Wire•Apr 02, 2025•Specright
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Specright Launches SpecGPT and SpecIDP, Bringing AI to Specification ManagementAiThority•Oct 09, 2024•Specright
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Specright and How2Recycle partner to enhance recycling instructionsPackaging Gateway•Feb 05, 2024•Specright, How2Recycle
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Specright and Trustwell to support digitisation of food labellingPackaging Gateway•Oct 04, 2023•Specright, Trustwell Hospitals, Trustwell
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Specright Names Former Colgate-Palmolive CIO Mike Crowe to Board of DirectorsPackaging World•Feb 14, 2023•Specright, Colgate Palmolive
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