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Israeli life sciences high quality and compliance platform firm Dot Compliance in the present day introduced the completion of a $23 million Collection B financing spherical led by Israel Progress Companions (IGP), with participation from present buyers Vertex Ventures, and TPY Capital. This spherical brings the entire quantity raised by the corporate to $33 million.
The spherical will enable Dot Compliance to proceed quickly increasing to satisfy the demand for its high quality administration system (QMS). The corporate delivers cost-effective out-of-the-box options, permitting life sciences clients to rapidly deploy versatile and scalable options. Powered by the Salesforce.com platform, Dot Compliance options embody an in depth set of off-the-shelf prepared high quality and compliance greatest apply processes that allow life-sciences organizations to ship life-saving, progressive merchandise sooner, safer, and extra effectively by offering them with ready-to-use and end-to-end SaaS options to handle their all high quality and compliance wants.
Dot Compliance founder and CEO Doron Sitbon mentioned, “Dot Compliance has shaken up a historically slow-moving house, setting a brand new customary for easy-to-deploy QMS options. – The extra funds will enable us to advance our efforts in enabling life sciences organizations to rapidly automate their growth and manufacturing processes whereas making certain compliance.”
“Progressive high quality and compliance options have turn into invaluable to the fashionable life sciences group,” mentioned Yoni Levy, Enterprise Companion at IGP. “Dot Compliance has positioned itself because the technology-defining business chief and has quickly expanded its consumer roster. We’re thrilled to accomplice with this seasoned group on its mission to make high quality simpler, sooner, and cheaper for all times sciences firms – releasing them to do their vital work of creating us all more healthy.”
The spherical is the most recent in a collection of milestones for the corporate, together with triple digit annual development over three consecutive years, exceeding 200 clients in additional than fifteen international locations, and establishing a world community of companions throughout the life sciences ecosystem.”
Revealed by Globes, Israel enterprise information – en.globes.co.il – on July 20 2022.
© Copyright of Globes Writer Itonut (1983) Ltd., 2022.
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