US retailer Target Corp has led a $3.7m investment in Inspectorio, a startup that makes mobile applications for supply-chain inspections.
The company took part in Target’s Techstars Retail Accelerator Program last year, which focuses on bringing new technology, products and solutions to retail.
Inspectorio uses mobile technologies to streamline the quality inspection process and increase accountability of the different participants in textile and consumer goods supply chains, as a third party inspection company and as a Software as a Service (SaaS) platform.
It says the latest funding will be used to accelerate the company’s growth.
“This support will serve to give greater speed to the implementation of our mission to digitise quality control and bring transparency to the global supply chain, through the incorporation of the latest exponential technologies to an industry that has not innovated in the last 20 years,” explains Carlos Moncayo Castillo, co-founder and CEO of the Minneapolis, Minnesota based start-up.
Founded in February 2016, Inspectorio already works with more than 25 retailers and apparel brands in the US and Latin America.
Its mobile platform guides supply chain inspectors through each step of the inspection and supplier compliance verification process, while an algorithm defines quality-sensitive areas and product components, adjusting inspection requirements accordingly.