Risk management startup landed $17.5 million in a new round of funding, the company announced Thursday.
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Interos ingests more than 85,000 information feeds a month and uses machine learning across five risk factor categories to understand which risk factors are important to customers and could disrupt their supply chain. The company looks at financial risk, operational risk, geographic risk and cyber risk.
In CEO 鈥檚 words, Interos is 鈥渂uilding the world鈥檚 largest business relationship graph.鈥
The new funding round was led by with participation from , which also invested in the company鈥檚 $8.35 million Series A last year.
鈥淏oth of them (Venrock鈥檚 Nick Beim and KPCB鈥檚 Ted Schlein) understood the fact that this is a big data problem,鈥 Bisceglie said in an interview with 附近上门 News. 鈥淭his is something we鈥檝e tried to do with humans and spreadsheets for many years and we simply cannot continue to do it that way.鈥
Last year was a period of significant growth for the company. Interos tripled its headcount in 2019 and saw its annual recurring revenue grow by 700 percent, according to a statement from the company.
Half of the new funding will go toward engineering and data science, and the other half will be for sales and marketing, Bisceglie said. The company, which is based in Arlington, Virginia, will be expanding its office this year with plans to hire at least 80 people.
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