Inspectorio Raises $50M in Series B Funding

Carlos Moncayo, CEO of Inspectorio

Inspectorio, a Minneapolis, MI-based cloud-based AI-powered SaaS solution that helps retailers, brands, suppliers and manufacturers manage risk through digitized quality and compliance programs, raised $50M in Series B funding.

The round was led by Insight Partners Other investors included Techstars, Flexport, Ecolab and Matchstick Ventures.

The company will use the new funding to expand research and development and to grow its development, product and go-to-market teams.

Created by Carlos Moncayo, David Klein, Fernando Moncayo and Luis Moncayo, Inspectorio provides a platform that helps companies collaborate with their global supply chains. The system provides quality management software to automate operations and stop issues before they arise; compliance management software to manage all components of a company’s sustainability program; and production tracking software to prevent supply chain delays and improve on-time delivery performance.

With a portfolio that includes Inspectorio Sight, Inspectorio Rise and Inspectorio Tracking, Inspectorio helps digitize quality, compliance and production tracking activities by removing data silos and bringing all activities onto one platform. With automations and actionable insights, it allows real-time data and reporting across all these activities, enabling organizations to have a predictive approach to quality, compliance and production monitoring.

The company has over 7,000 customers, including some of the world’s largest brands and retailers like Target, Crocs and Carter’s. Inspectorio has over 200 employees across the United States, Ecuador, China, Vietnam and Belarus.