US' Inspectorio gets $50 million Series B Round with Insight Partners

Inspectorio’s other investors include leading venture capital firms, Techstars, Flexport, Ecolab and Matchstick Ventures. The Inspectorio platform helps companies collaborate with their global supply chains to achieve operational excellence. The platform provides quality management software to automate operations and stop issues before they arise; compliance management software to seamlessly manage all components of a company’s sustainability programme; and production tracking software to prevent supply chain delays and improve on-time delivery performance. Inspectorio will use the new funding to expand research and development and to grow its development, product and go-to-market teams, the company said in a press release.

Today, Inspectorio’s technology empowers retailers, brands, vendors and factories to optimise their quality, sustainability and compliance operations by leveraging machine learning to transition from reactive interventions to a proactive, preventative approach to supply chain management. The company has over 7,000 customers, including some of the world’s largest brands and retailers like Target, Crocs and Carter’s.

“Inspectorio is invested in creating end-to-end visibility and insights into the production chain and improving traceability through a one-of-a-kind holistic view into quality, sustainability and production tracking. We’re thrilled to be working with Insight Partners as we continue to grow. By raising and expanding our investments in current and future products, we will expand product capabilities to go further upstream in the production chain. This will result in an increased focus on production tracking and supply chain traceability, which is a critical need for the modern supply chain industry,” Carlos Moncayo, CEO of Inspectorio said in a statement.

“Inspectorio is providing a single source of truth for inspection, quality, certification and data audit along supply chains for brands and retailers. In an industry that's long needed modernisation, Inspectorio’s strong management team, deep industry relationships and technology have made it the clear market leader. We look forward to partnering with them as they continue to grow and scale up,” Nicole Shimer, vice president at Insight Partners said.

Fibre2Fashion News Desk (GK)