Interos Inc., an Arlington tech firm that helps companies monitor and respond to supply chain threats, has obtained $40 million in new funding to expand product capabilities following several executive leadership appointments.
The growth capital investment from Blue Owl Capital Inc. (NYSE: OWL), a New York alternative investment asset management firm, brings Interos' total outside funding to about $175 million, according to figures from Crunchbase Inc. Other investors that have backed the tech unicorn previously include Menlo Park, California, venture capital firm Kleiner Perkins, San Francisco venture capital firm NightDragon and New York investment firm Venrock.
Interos said in a news release that the investment will help expand its sales efforts and enhance development work for products, most notably its artificial intelligence tech that powers much of the data-driven insights it provides to its customers. A spokesperson for Interos, one of DC Inno's Fire Award honorees in 2020, could not be reached for further comment.
Interos' products are used by companies like Google LLC and Melbourne, Florida-based L3Harris Technologies Inc. as well as federal agencies like NASA and the U.S. Navy. The company incorporates machine learning tech to develop databases of supplier relationships that are then used to track other companies’ supply chains, allowing it to assess risk factors caused by threats like cyber attacks, natural disasters and geopolitical conflicts.
Interos' latest capital infusion follows several leadership changes the company has made this year.
Most notably, in April it tapped Ted Krantz, the former CEO of San Francisco-based Data.ai, as CEO, replacing Jennifer Bisceglie, who founded the company in 2005 and had been the only CEO in its history. Bisceglie, a Washington Business Journal Women Who Mean Business honoree in 2009, is now Interos' executive vice chair and a member of its board. Data.ai was sold in March to Sensor Tower, a San Francisco data analytics company.
In June, Krantz hired Data.ai's former chief product and technology officer, Yardley Pohl, to the same role at Interos. Interos also brought in Chris Lee, the former chief revenue officer at Austin, Texas-based software developer Zilliant, as its chief revenue officer.
