ARLINGTON, Va., March 12, 2020 (GLOBE NEWSWIRE) — Interos, the first and only multi-tier, multi-factor third-party risk management platform, today announced it has raised $17.5 million in a Series B funding round to accelerate data science and engineering growth, expand personnel and boost sales to drive commercial momentum for its leading risk management platform.
The funding comes after Interos tripled its headcount, increased annual recurring revenue by 700% and hiked SaaS subscription bookings by 693% in 2019. With the funding, Interos expects to capitalize on last year’s growth and more than double its personnel in 2020, hiring more staff to augment its proprietary software, which exposes critical risks in the global supply chain for leading private and public sector customers.
The round was led by first-time investor Venrock with participation from Kleiner Perkins.
“After a strong 2019, this funding shows Interos has already secured major support in 2020 from the world’s most successful investors,” said Jennifer Bisceglie, CEO and founder of Interos. “Like our customers, investors see the value of the Interos platform, which is critical for global…
