Inspectorio, a Minneapolis, Minnesota leading cloud-based AI-powered SaaS solution that helps retailers, brands, suppliers and manufacturers manage risk through digitized quality and compliance programs, announced that it raised $50 Million in Series B funding.
The round was led by New York-based global private equity and venture capital firm, Insight Partners. Inspectorio's other investors include leading venture capital firms, Techstars, Flexport, Ecolab, and Matchstick Ventures.
Inspectorio will use the new funding to expand research and development and to grow its development, product, and go-to-market teams.
Company: Inspectorio Inc.
Raised: $50.0M
Round: Series B
Funding Month: January 2022
Lead Investors: Insight Partners
Additional Investors: Techstars, Flexport, Ecolab, and Matchstick Ventures
Company Website: https://inspectorio.com/
Software Category: Supply Chain management
About the Company: Created by Carlos Moncayo, David Klein, Fernando Moncayo, and Luis Moncayo to modernize production chain management, Inspectorio aims to build an interconnected, sustainable, and transparent supply chain via a cloud-based SaaS solution. Inspectorio helps brands, retailers, manufacturers, and suppliers manage risk through digitized quality and compliance programs and is used by over 7,000+ customers globally, including some of the world's largest brands and retailers. Key features of Inspectorio's offerings include digitizing, standardizing, and automating quality and compliance activities, optimizing supplier performance management, implementing continuous improvement programs, and allocating resources for performance optimization. Inspectorio has three products (Inspectorio Sight, Inspectorio Rise, and now Inspectorio Tracking) that connects brands, retailers, and suppliers to improve collaboration and drive increased performance. Headquartered in Minneapolis, MN, Inspectorio has over 200 employees across the United States, Ecuador, China, Vietnam, and Belarus.
Source: https://www.prnewswire.com/news-releases/inspectorio-raises-50-million-series-b-round-to-reinvent-the-production-chain-with-ai-powered-platform-301471756.html https://inspectorio.com/blog/2022/01/12/inspectorio-announces-tracking/?utm_source=linkedin&utm_medium=social&utm_campaign=inspectorio_announces_tracking