Propel Software
“Can a Salesforce-native PLM/QMS/PIM platform become the AI-powered product data backbone for modern manufacturers?”
HQSanta Clara, California, United States
FoundersRay Hein
Latest roundSeries B (March 2022)
IndustryVertical SaaS / Manufacturing PLM
The story
Propel Software is a product value management (PVM) SaaS company built natively on the Salesforce platform, serving manufacturers with PLM, PIM, and QMS capabilities. The company has expanded from PLM into a unified product+commercial data platform and most recently into agentic AI (Propel One). It is not a fintech and does not embed financial services into its product.
Last 12 months
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Product timeline
2023
Propel SuiteApp achieves 'Built for NetSuite' status· product
2025
Launch of Propel One — AI-native product value management platform· product
The stack
Accounting
Accounting gap: none