MasterControl, a Salt Lake City, Utah-based provider of quality and manufacturing software solutions, raised $150M in Series A funding, valued at $1.3 billion.
The round was led by Sixth Street Growth.
The company intends to use the funds to continue to build and enhance its solutions while also placing more focus on technology that will predict and prevent quality events, and enable AI assisted manufacturing optimization.
Led by CEO Jon Beckstrand, MasterControl is a provider of cloud-based quality and manufacturing software for life sciences and other regulated industries. The company helps organizations digitize, automate, and connect quality and manufacturing processes.
Over 1,100 companies worldwide use MasterControl solutions to streamline operations, maintain compliance, analyze and interpret large amounts of data, and visualize business insights in real time.
The company serves global life sciences customers, which include Pfizer, Cochlear, Thermo Fisher Scientific and more than 1,100 others worldwide.
FinSMEs
15/12/2022