![]() The founding team consists of senior executives with engineering leadership experience in WiFi, Bluetooth, sensors and positioning technologies. The company offers a full-stack IoT solution that integrates multiple modes of hardware, software and data technology to build smarter solutions that solve complex problems. “Internet of things” tracking startup Tag-n-Trac Inc. today launched out of stealth with $10 million in new funding.ĭell Technologies led the Series A round, with Merck Global Innovation Fund and Aerosafe Global also participating. Including the new funding, Tag-n-Trac has raised $11.8 million to date, according to data from Crunchbase.įounded in 2020, Tag-n-Trac was founded with the goal of modernizing the entire logistics lifecycle. Smart IoT tracking startup Tag-n-Trac launches with $10M in new funding ![]() Both of which would fall under the quality control assurances Inspectorio looks to provide further down the supply chain. His family used to own a clothing store and he remembers helping unwrap shirts and using a measuring tape to ensure the sleeves were the same length and that the size labels matched when he was a kid. While the investment could have been sparked by the company’s progress - Hinkle points to the startup’s 93% revenue growth in 2021 - for him it was a bit more personal. Ryan Hinkle, a managing director at Insight, says the firm has been building a relationship with Inspectorio since the beginning of the startup’s life. The Minneapolis-based startup raises a $50 million Series B round led by Insight Partners with participation from Techstar Ventures, Matchstick Ventures and strategic backers including Flexport, among others, as originally reported in Midas Touch newsletter. Since Inspectorio launched its first product in 2017, the company has expanded its product offerings and more than 7,000 customers including Target and Kohl’s have signed on. They launched Inspectorio in 2016 to help companies and brands move their supply chain online and have better visibility and data surrounding quality and sustainability. But at the time, no one was trying to tackle that, so the former founders of ASIAM decided to try it themselves. “We thought with supply chain management and production chain management, the only way to solve was to approach it from moving offline relations to online relations and helping companies make sense of the data coming out of that,” he tells Forbes. After 10 years with the company, he was surprised they hadn’t gotten any better. He noticed a lot of issues surrounding visibility. This gave Moncayo deep insight on the many layers of the supply chain and it wasn’t pretty. Carlos Moncayo knows the system all too well as the former founder and CEO of ASIAM Inspector, a company that supports brands and retailers with sourcing operations in Asia, he did everything from inspections to auditing to sourcing. ![]() Supply chain is a web that spans so wide that many large corporations can’t easily track the entire life cycle for each of its products - let alone capture enough data to ensure that everything is being done to standards and protocol. Inspectorio Raises $50 Million To Help Brands Ensure Quality In Their Supply Chain
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