After eight years of growth without institutional capital, Symmetric has become the supply chain item data foundation for health systems nationwide, most of which switched from an incumbent provider. The investment will fund new and expansive product innovations and strategic hiring initiatives.
PITTSBURGH, October 06, 2026–(BUSINESS WIRE)–Healthcare supply chain intelligence provider Symmetric today announced a strategic growth investment from Spectrum Equity, a growth equity firm focused on artificial intelligence, software, and data businesses. This marks the first institutional capital raised by Symmetric, which has been profitable since its founding in 2018 by Rich Kucera, TJ Dardet, Jon Boerner, and Ryan Kissell.
Every hospital supply chain runs on an item master: a catalog as large as 500,000 rows containing every single product it procures. Though the data in this catalog changes daily, no one in the supply chain – including manufacturers, distributors, and group purchasing organizations – bears full responsibility for keeping it up to date. Consequently, supply chain, value analysis, and finance teams struggle with inaccurate visibility into their spend, while catalog errors cause revenue leakage, drive excess cost, and impact patient safety: an implant goes unscanned in the OR and never gets reimbursed, contracted pricing tiers and supplier rebates are missed, or a recalled device unnecessarily stays on the shelf.
Symmetric solves this by maintaining the world’s largest database of continuously updated item data, composed of nearly 20 million healthcare items, each carrying up to 1,800 metadata attributes (such as GTIN, UNSPSC, HCPCS, and item descriptions), alongside five million verified substitutes. Its data pipeline draws on hundreds of sources, from regulatory registries to manufacturer catalogs to GPO contracts, reconciling conflicting product data into a single record that gets pushed directly into a hospital’s ERP. Staff at over 45 leading health systems verify this data, and the network is growing. The company reports an average match rate of 96%, a figure that has risen every year since founding.
Symmetric’s customers span the full breadth of U.S. healthcare – from some of the nation’s largest and most prestigious health systems and academic medical centers to small community and critical access hospitals with fewer than 25 beds. A majority switched to Symmetric from an incumbent provider, and 98% of customers have stayed with the company since its founding.