What You Should Know:
– Qualio — the trusted cloud quality management system software for the entire life sciences ecosystem announced their $50M Series B funding round led by Tiger Global. Menlo Ventures also joined this round, alongside the following current Qualio investors: Frontline Ventures, MHS Capital, Operator Partners, Sorenson Ventures, and Storm Ventures.
– This latest round of funding will support Qualio’s efforts to expand accessibility of their electronic quality management software (eQMS) and services for life sciences customers at global scale and also fuel significant investment in product and engineering team growth. To date, Qualio has raised more than $63M.
– As modern life sciences companies look to accelerate industry innovation and disruption, they cannot afford to have inefficient quality management slow down product accessibility. This is creating a surge in demand for new technologies that unite disparate teams, tools, and data in a seamless virtual work environment. Qualio’s cloud quality management software supports life sciences organizations with technology and services that allow them to seamlessly manage critical quality processes across their entire supply chain.