History of Inspectorio
“It happens a thousand times a day, all over the world—an inspector walks into a factory to inspect a brand’s products, paper and pen in hand. They complete their inspection, and a few days later, the retailer or vendor will get the report. The work gets done, but it can take weeks for the info to get back to everyone involved” (Target).
Inspectorio was founded by Carlos Moncayo, David Klein, Fernando Moncayo, and Luis Moncayo in July 2016 to reinvent this dated inspection process. After experiencing the challenges and pitfalls of these traditional methods first hand, having founded ASIAM Business Group in 2003, our founders set out to bring revolutionary technology and transparency to the retail supply chain.
Originally based in Hong Kong, the company moved its headquarters to Minneapolis after participating in the Target Techstars accelerator program. Inspectorio now has over 200 employees, based remotely and across offices in USA, Asia and Europe.
Inspectorio raised a successful Series A financing round in July 2018, with investors including the Techstars Fund, and Fortune 500 companies.
In 2019, Inspectorio released Inspectorio Rise to allow businesses to manage audit and compliance activities from a central command center.
In January 2022, Inspectorio released Inspectorio Tracking, and also announced a $50 million Series B fundraise, led by global private equity and venture capital firm, Insight Partners.