PartSpace GmbH

PartSpace GmbH is a German software company that applies artificial intelligence to industrial procurement and cost engineering. Its platform analyses 2D technical drawings and 3D CAD models to automate part categorisation, cost prediction and supplier benchmarking for custom-manufactured parts. The company is headquartered in Deggendorf, Germany, and operates across four continents.

At the core of the offering is PartSpace AI, known as Abella, a proprietary engine that interprets technical drawings at expert level and analyses design data automatically to surface previously hidden savings potential. The company reports that more than 5m drawing-based parts and datasets have been processed. The surrounding product, the PartSpace Platform, is a cloud-based SaaS solution delivered with an implementation time of under six weeks.

Reported outcomes for procurement teams include annual cost reductions of over 12% and a return on investment of 20x. Technical work spans machine learning, computer vision, automated cost prediction and data security, the latter backed by ISO 27001 certification. The company serves industrial manufacturers in automotive, aerospace, medical devices, machinery and mobility, including Siemens, Krones and Horsch. The team is described as a group of dedicated experts; specific headcount, founding year and funding are not disclosed.