Interos Reaches Unicorn Status With Series C Round

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.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has 1,300 lawyers across 17 offices in the United States, Asia and Europe.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.