ARLINGTON, Va., July 09, 2020 (GLOBE NEWSWIRE) — COVID-19 has dictated that companies across all industries urgently reevaluate third-party risk associated with their complex global supply chains and web of global business partners. Real-time, continuous monitoring of the health and stability of a company’s hundreds or thousands of business partners was virtually impossible before. Interos has cracked the code with the first and only AI-powered multi-tier, multi-factor third-party risk management platform. The company, today, announced unprecedented company and customer growth along with the hiring of a new Chief Technology Officer (CTO) and a new Chief Revenue Officer (CRO).
Since the start of major COVID-19 outbreaks in the US in March 2020, Interos has seen a 500% increase in inbound requests from current and prospective customers, which has played a major role in 961% revenue growth since January 2019. In March 2020, the company also announced plans to triple year-over-year sales growth alongside a $20MM Series B funding round.
“We’ve built the world’s largest business relationship graph, providing organizations with a multi-tiered picture of the level of…
