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Inspectorio Raises $50 Million Series B Round To Reinvent The Production Chain With Ai-Powered Platform

Jan 31, 2022•over 3 years ago

Amount Raised

$50 Million

Round Type

series b

Minneapolis

Description

Inspectorio, the leading cloud-based AI-powered SaaS solution that helps retailers, brands, suppliers and manufacturers manage risk through digitized quality and compliance programs, announced today that the company has raised $50 Million in a Series B Round 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.

Company Information

Company

Inspectorio

Location

Minneapolis, Minnesota, United States

About

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. Headquartered in Minneapolis, MN, Inspectorio has over 200 employees across the United States, Ecuador, China, Vietnam and Belarus. 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) which connects brands, retailers and suppliers to improve collaboration and drive increased performance. Learn more at https://inspectorio.com/.

Funding Insights

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Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech