Quality assurance and inspection software firm Inspectorio has secured US$10m in funding to "aggressively" accelerate growth and move to smart supply networks.

The US-based company, which has a presence in Vietnam, China, and Belarus, is opening another office in Europe in the coming weeks. The firm is working to consolidate its position as the "world's leading quality control platform" and expand its impact on sustainability monitoring.

The software-as-a-service (SaaS) company creates network dynamics and leverages machine learning to create autonomous systems for quality and compliance monitoring where factories, vendors, brands, and retailers can connect, share data, and drive continuous improvement.

The Series A funding round was led by Techstars, which is known for its early investments in Uber, Sendgrid, Twilio, DigitalOcean, among others. The round also had the participation of Ecolab, a global leader in water, hygiene and energy technologies, and department store retailer Target Corporation.

"We are committed to continue consolidating Inspectorio's position as the world's leading platform for quality control and compliance monitoring, while generating a positive impact on the global supply chain" says Carlos Moncayo Castillo, co-founder and CEO of Inspectorio. "This investment will accelerate the growth and development of our platform. We need to move from slow and isolated supply chains to smart supply networks able to bring quality and compliance to a different level."