Reston – August 2, 2021 – Cooley advised Interos, a supply chain risk management and operational resilience technology company, on its $100 million Series C financing round, which brings its valuation to more than $1 billion.
NightDragon led the round, which included participation from current investors, including Kleiner Perkins and Venrock. Interos will use the new capital to 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 that put company operations at risk.
“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,” Jennifer Bisceglie, chief executive officer of Interos, said in a news release. “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.”
Based in Washington, DC, Interos serves global clients with business-critical, independent relationships across its primary operational areas: supply chain, financial, cybersecurity, regulatory and ESG compliance, and geographical. The company is reinventing how companies manage their supply chains and business relationships with its breakthrough software as a service (SaaS) platform, which uses artificial intelligence to model and transform the ecosystems of complex businesses into a living global map, down to any single supplier, anywhere.
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