We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Interos Raises $100 Million to Protect Supply Chains from Physical and Cyber Disruption, Child Labor
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

Interos Raises $100 Million to Protect Supply Chains from Physical and Cyber Disruption, Child Labor

Interos Raises $100 Million to Protect Supply Chains from Physical and Cyber Disruption, Child Labor
July 22, 2021
No Comments

Interos, the supply chain risk management and operational resilience technology company, today announced Series C financing of $100 million led by NightDragon. Current investors, including Kleiner Perkins and Venrock, are also participating. This financing brings Interos’ valuation to over $1 billion, and establishes the company as a unicorn.

Female-led Unicorns Are Extremely Rare
Interos, led by CEO Jennifer Bisceglie, becomes one of the few female-led unicorns. According to Crunchbase, “Female founder-CEOs run only 4% of the ‘unicorn’ startups valued at more than $1 billion. Which means that, proportionally, these successful venture-backed female founders are even more rare than female Fortune 500 CEOs, who currently run 7.4% of the country’s largest companies.”

Global Supply Chain Severely Strained Impacting Both Businesses and Consumers
The new funding will help Interos accelerate its business at a time when supply chain vulnerabilities are front and center for companies around the world, following major supply chain shortages due to the pandemic and cyberattacks on organizations like SolarWinds, Kaseya and Colonial Pipeline that put company operations at risk. A severely strained global supply chain is translating to consumers as countless product shortages and to businesses as heavy bottom line and reputational impacts. The Interos Annual Global Supply Chain Report recently revealed that supply chain disruptions cost large companies, on average, $184 million a year, and 83% have suffered reputational damage.

Interos Protects Global Supply Chains from Disruption
An early warning system to identify developing disruptions and supplier problems in real-time is critical to driving business operational resilience, macro economic growth, public safety and national security. Numerous Fortune 500 brands, the U.S. Department of Defense, and NASA are using Interos’ artificial intelligence and machine learning-based cloud platform, which serves as this early warning system. The platform allows customers to instantly map their global supply chains to the Nth tier, continuously monitor those suppliers, flag supplier problems in real-time, and model ripple effects so problems can be quickly resolved before disruption occurs.

Interos Proactively Reveals Physical, Cyber and ESG-Related Supply Chain Risks
The recently updated Interos platform monitors for both physical and digital supply chain issues across dozens of risk categories, including financial, operational, governance, geographic, and cyber factors. The platform also monitors ESG-related risk factors, such as unethical labor practices and greenhouse gas emissions. The U.S. SEC is developing new ESG reporting requirements for public companies, but this type of risk is currently a major, but unnecessary, blind spot for organizations.

Supply Chain Risk Now a Board Imperative
Global supply chain risk has become a board-level imperative with 78% of respondents to the Interos survey reporting their boards now confer on this topic at least once per month. While 39% say supply chain risk is their business’ current top priority, 50% say it will be in two years.

“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,” said Jennifer Bisceglie, CEO of Interos. “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.”

Interos Experiencing Explosive Growth
Interos has logged a compound annual growth rate of 303% in the last two years. It notched a 104% increase in its annual recurring revenue in 2020 over the previous year and recorded 132% growth in the number of employees over the same period.

“Over the past year, we have seen that supply chain risk represents one of the biggest gaps for cybersecurity and business resiliency in history,” said Dave DeWalt, Founder and Managing Director, NightDragon. “We are proud to partner with Interos to accelerate their business and help companies around the world close the gap when it comes to supply chain risk.”

https://info.interos.ai/interos-series-c-funding-announcment
Submit your logistics, material handling, or supply chain related company news in Supply Chain Quarterly's's Industry Press Room section or New Products section
Finance Strategy
KEYWORDS Interos
  • Related Articles

    Tech startup gets $20 million backing to protect fleets from cyber attacks

    Bringg raises $100 million in Series E funding

    Cloud logistics platform FarEye raises $100 million for Amazon-like delivery

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • How to resolve your inventory dilemma

  • Container prices continue to drop

  • Regionalized supply chains: the key to resilience

  • Warehouse vacancy rates sink to 27-year low

  • Empty shipping containers stack up at U.S. port depots

Featured Video

Cccb7d13 710a 4473 8132 da8b6cc286f1

The Sportsman's Guide Case study: Increasing Accuracy & Productivity

Viewer Contributed
Thanks to the Lucas Warehouse Optimization Suite, The Sportsman's Guide has increased productivity, reduced training time, and experienced a boost in accuracy for both full-time staff and seasonal employees. Want to learn how Lucas can help your DC be more efficient, accurate, and safe while reducing labor costs?...

FEATURED WHITE PAPERS

  • Case Study: Peak Teams helps boost headcount quickly on a short-term project

  • Breaking Bad: Conducting Full Truckload RFPs in the Age of Digital Freight Procurement

  • Omnitracs One – Last Mile Solutions

  • The enterprise shipper's guide to building a smarter truckload RFP

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2022. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing