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    Sunstone Credit secures $20 million in Series A funding round

    Sunstone Credit secures $20 million in Series A funding round

    New-York based Impel secures $104 million in growth funding

    New-York based Impel secures $104 million in growth funding

    Metagenomi bags an extra $100 million before closing its Series B

    Metagenomi bags an extra $100 million before closing its Series B

    Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

    Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

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      Sunstone Credit secures $20 million in Series A funding round

      Sunstone Credit secures $20 million in Series A funding round

      New-York based Impel secures $104 million in growth funding

      New-York based Impel secures $104 million in growth funding

      Metagenomi bags an extra $100 million before closing its Series B

      Metagenomi bags an extra $100 million before closing its Series B

      Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

      Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

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      Home SaaS

      MasterControl secures their first-ever funding of $150 million in its Series A

       99 total views,  1 views today

      MasterControl plans to use the money to keep developing and improving its products

      USTechTimes Editor by USTechTimes Editor
      December 23, 2022
      MasterControl secures their first-ever funding of $150 million in its Series A
      Share on FacebookShare on Twitter

      MasterControl, a Utah-based quality and manufacturing software solutions provider, has secured its first-ever funding of $150 million in a Series A round led by Sixth Street Growth.

      With this capital, the software as a service (SaaS) startup, which has been growing economically for almost 30 years, is valued at $1.3 billion. The startup assists businesses with digitizing, automating, and integrating their quality and production processes.

      The startup plans to use the money to keep developing and improving its products while emphasizing technologies that will foresee and stop quality issues and enable AI-assisted production optimization.

      Jon Beckstrand, CEO of MasterControl, said, “Our goal is to add a strategic partner with resources and expertise to help us to meet the significant need for our solutions. We’re fortunate to have the experienced investment team at Sixth Street Growth to help make that a reality.”

      MasterControl solutions assist companies in streamlining operations

      Innovative MasterControl tools have a history of enhancing product quality while lowering costs and speeding up time to market.

      The startup will use the funding to keep developing and improving its products while emphasizing technologies that foresee and stop quality incidents and allow for complete AI-assisted factory optimization.

      By investing in cutting-edge technologies like artificial intelligence (AI), machine learning, and natural language processing, businesses will achieve better results while spending less time and money on compliance and bureaucracy.

      MasterControl products are used by more than 1,100 businesses worldwide to optimize operations, uphold compliance, analyze and decipher massive volumes of data, and display business insights in real-time.

      MasterControl bootstrapped its way to more than $100 million in annual recurring revenue (ARR) with over 25 percent year-on-year growth before securing investment.

      “MasterControl is the SaaS leader helping strengthen the manufacturing industry’s digital transition and ensuring that life sciences and other highly regulated organizations get the safest products to consumers as fast as possible,” said Nari Ansari, Managing Director at Sixth Street Growth.

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      USTechTimes Editor

      USTechTimes Editor

      USTechTimes.com is an independent new media site that focuses on the latest technology and digital news in the United States and around the world. The site focuses on new startup launching, startup funding, and development in the startup space.

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