Inspectorio

Overview
News
Supply Chain Tech?
Product stageSegments
Expansion
?
Traceability and verification
?

Inspectorio provides a supply chain management platform aimed at enhancing the efficiency, transparency, and sustainability of the production chain operations across a range of industries. The company leverages technology to address the challenges in quality assurance, responsible sourcing, production management, traceability, and supplier relationship management.

Inspectorio’s platform is AI-powered, providing dynamic and intelligent solutions across various operational needs. It also helps organizations collaborate with their global supply chains, thereby streamlining operations and preventing potential issues.

Key customers and partnerships

Inspectorio serves a broad spectrum of industries such as apparel and footwear, food and beverage, home and furniture, multi-category retail, and outdoor and sports, providing solutions tailored to the needs of brands and retailers, suppliers, and factories. As of April 2023, the company served over 8,000 customers worldwide. In January 2022, the company’s clientele included renowned brands and retailers such as Target, Crocs, and Carter's.

In June 2022, Inspectorio entered a global sales, marketing, and product partnership with CGS, a provider of business applications and outsourcing services. The collaboration integrated CGS's Shop Floor Control technology with Inspectorio's Sight quality management system, offering enhanced visibility into manufacturing and supply chain processes. The combined solution was expected to yield robust AI algorithms, powerful analytics, and real-time insights into every phase of the manufacturing process.

Funding and financials

In January 2022, Inspectorio raised USD 50 million in a Series B funding round led by Insight Partners, a New York-based private equity and venture capital firm. Other investors such as Techstars, Flexport, Ecolab, and Matchstick Ventures also participated in the round. The new funding was expected to be channeled towards research and development initiatives, as well as enhancing its product development, go-to-market teams, and overall expansion.

HQ location:
225 S. 6th St. Suite 3900 Minneapolis MN USA
Founded year:
2016
Employees:
101-250
IPO status:
Private
Total funding:
USD 65.8 mn
Last Funding:
USD 50.0 mn (Series B; Jan 2022)
Last valuation:
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