Factored Quality
Factored Quality, formerly known as Workbench, is a B2B company specializing in digital QC management for the supply chain and logistics industry, serving over 100 brands globally.
Company History
Factored Quality, previously known under several names including Boundary Labs Inc, Workbench Technologies, and Factored Quality (formerly Workbench), operates in the B2B sector. The company has evolved through its history, adapting its name and services to better fit its strategic goals. Gaining recognition, Factored Quality joined the Y-Combinator batch W20, marking a significant milestone in its development.
Services
Factored Quality offers a digital QC management tool that centralizes quality and compliance operations on a single platform. The company provides services for quality control, supplier audits, and compliance testing on a global scale. Clients can book inspections directly from a user-friendly dashboard, and benefit from features such as 'auto-pilot' inspections, custom checklists, analytics, and software integrations. Factored Quality also streamlines communication between operations teams, labs, and inspectors worldwide.
Industry and Sub-Industry
Factored Quality operates within the B2B sector, specifically focusing on the sub-industry of supply chain and logistics. Their innovative approach to digital quality control management supports better compliance and operational efficiency for businesses.
Clients and Partnerships
Factored Quality serves over 100 brands, including Brooklinen, The Honest Company, Dr. Squatch, and Canopy Humidifiers. They provide services for more than ten product categories and maintain a network of over 2000 global inspection partners. Supporting operations in 22+ regions, the company has established strong global partnerships to enhance quality and compliance operations.
Recent Funding and Financial Growth
Factored Quality recently announced new funding from Vinyl Capital and Pari Passu Venture Partners, bringing its total raised capital to over $7 million. This financial support underscores the company's growth and potential within the digital quality management industry, enabling further expansion and enhancement of their platform.