Interos becomes the latest female-led unicorn after its $100m Series C round upped its valuation to more than $1bn.
NightDragon served as the lead investor, with existing backers Kleiner Perkins and Venrock, also joining the Series C.
With the fresh capital, Interos hopes to enhance its platform to cope with the rising threats. Major cyberattacks, such as those impacting SolarWinds, Kaseya and Colonial Pipeline, and the pandemic has put strains on the global supply chain, Interos said. The Interos Annual Global Supply Chain Report found that supply chain disruptions cost large companies an average of $184m each year and 83% have suffered reputational damage.
Interos’s platform enables clients to instantly map their global supply chains, monitor suppliers, flag problems in real-time and model ripple effects.
Its newly updated platform can track physical and digital supply chain issues and filter by various categories, including financial, operational, governance, geographic, and cyber factors.
The company claims to have had a compound annual growth rate of 303% in the past two years, and witnessed a 104% increase in annual recurring revenue in 2020 over the previous year.
Interos CEO Jennifer Bisceglie said, “COVID-19 and other macro and digital supply chain disruptions over the past year have caused boards of directors and other leaders to awaken to the tremendous impact supply chain disruptions can have on operational resilience, business performance and reputation.
“Manual and annual supply chain risk monitoring is urgently moving to automated and continuous, and that can only be accomplished through AI/ML-based technology. This funding will allow us to accelerate our mission of helping organizations fix supply chain issues before they cause operational disruption.”
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