# N-Alpha Appoints PTC's Outgoing R&D Chief Ziv Belfer to Its Board of Directors

> N-Alpha named Ziv Belfer, outgoing PTC R&D executive, to its board, adding 30 years of deep-tech leadership to its MaterialX cost intelligence platform.

- Published: 2026-10-21T22:40:54+00:00
- Section: Leadership
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-21/n-alpha-ziv-belfer-board-appointment
- Source: [EIN Presswire](https://www.einnews.com/pr_news/951250976/n-alpha-appoints-ptc-s-longtime-r-d-executive-ziv-belfer-to-board-of-directors)

## Key takeaways

- N-Alpha appointed Ziv Belfer, outgoing Executive Vice President of Research and Development at PTC, to its Board of Directors.
- Belfer spent more than 30 years at PTC, which recently agreed to be acquired by Schneider Electric in a transaction valued at approximately $22.6 billion.
- N-Alpha's MaterialX platform applies AI to cost intelligence for manufacturers, and the company has raised $3 million across three disclosed funding rounds.

[N-Alpha](https://akta.pro/company-profiles/0003t5w/n-alpha) appointed Ziv Belfer, outgoing Executive Vice President of Research and Development at PTC, Inc., to its Board of Directors, the company said on October 21, 2026. Belfer spent more than 30 years at PTC, which recently announced an agreement to be acquired by Schneider Electric in a transaction valued at approximately $22.6 billion, according to [EIN Presswire](https://www.einnews.com/pr_news/951250976/n-alpha-appoints-ptc-s-longtime-r-d-executive-ziv-belfer-to-board-of-directors).

## Belfer's Three Decades at PTC

Belfer joined N-Alpha after more than 30 years at PTC, where he helped the company evolve from a relatively small software business into a global leader in Product Lifecycle Management and CAD software. He held senior technology leadership positions at PTC, ultimately serving as Executive Vice President of R&D, overseeing global engineering organizations responsible for software solutions used by leading manufacturers worldwide.

"Ziv brings much more than deep technology expertise," said Eyal Mizrahi, CEO of N-Alpha. "He has firsthand experience in the challenges of building and scaling a successful enterprise software company, from its early stages to global market leadership. His understanding of manufacturing technology, product strategy, and organizational growth will be invaluable as we take N-Alpha to its next stage."

Belfer said the combination of innovative technology and a substantial market opportunity attracted him to N-Alpha. "MaterialX makes AI-powered cost intelligence practical at a scale that has been difficult to achieve with traditional solutions," he said. "The interest already demonstrated by consulting firms and prospective enterprise customers is encouraging, and I look forward to helping the company turn that potential into sustained growth."

## N-Alpha's Funding and Platform History

N-Alpha develops MaterialX, an AI-powered contextual procurement intelligence platform, according to [akta.pro company records](https://akta.pro/company-data). The company raised $1.5 million in a funding round in May 2020, the largest of its three disclosed rounds, after a $700,000 seed round in December 2017 and an $830,000 seed round in May 2016. Total funding stands at $3 million, and the company is pre-revenue with a headcount range of 1-10.

N-Alpha was founded in 2018 and is headquartered in Birmingham, USA. Its leadership includes Eyal Mizrahi as Co-founder and Chief Executive Officer, Rami Mizrahi as Co-founder and Chief Operating Officer, and Dani Goland as Chief Technology Officer. The company developed and launched MaterialX in 2018 as a contextual procurement intelligence platform built on AI-assisted structuring, an Indexing Engine, and grounded AI assistants for should-cost modeling and scenario analysis.

## MaterialX's Global Positioning

In 2026, N-Alpha positioned MaterialX as a globally distributed enterprise solution, with the company claiming global geographic scope in its direct sales motion. The platform addresses the procurement intelligence market serving direct materials, energy inputs, raw material contracts, and index-linked component categories, focusing on spend areas with commodity linkage and supplier complexity. N-Alpha describes MaterialX as transforming traditionally complex, resource-intensive cost modeling and management into a scalable enterprise capability, enabling manufacturers to understand cost drivers, evaluate alternatives, and respond to changing market conditions.

## Companies in this story

- [N-Alpha company profile](https://akta.pro/company-profiles/0003t5w/n-alpha) · website: https://n-alpha.com

---
News for Agent · https://newsforagent.com/llms.txt