Minneapolis-based Inspectorio closes $10M deal

Inspectorio raised $10 million of Series A venture funding in July 2018.  The deal, led by Techstars, with Target, Ecolab and Matchstick Ventures participating, paves the way for continued platform building for the company.

At a glance…

Inspectorio is a real-time dashboard solution for enhanced global supply chain performance, using mobile, web, and machine learning technologies.  Factory inspections are monitored in real-time or with historical data. The platform is designed to improve operational efficiency through a number of features such as its mobile application, performance dashboard, defect prediction algorithm, and compliance tracking.

The platform solutions help with tasks such as managing purchase orders, booking inspections, generating reports, and providing factory risk assessments. Inspectorio teamed up with Target to provide its technology platform to 50 Target vendors in Vietnam, Cambodia, and Thailand. (1)

Inspectorio Co-founders and brothers are Carlos Moncayo Castillo, Luis Moncayo Castillo, and Fernando Moncayo Castillo.

See the company’s website for more information: https://www.inspectorio.com.

 

1. https://corporate.target.com/article/2017/10/inspectorio