Around the State – Central JerseyPRINCETON IntegriChain nailed down $2 million in its series A financing last week. Mount Laurel-based NJTC Venture Fund was the sole investor.
IntegriChain uses research and proprietary software to help life-sciences companiesÂparticularly drug makersÂto detect and reduce illicit activity in their supply chains. Counterfeiting is estimated to cost manufacturers more than $500 billion in lost sales every year, according to the company.
IntegriChain was spun off last year from Internet Crimes Group, a Princeton-based firm that helps companies protect their products from counterfeiting, piracy and Internet fraud.