Certivo Spins Out from Pioneer Square Labs (PSL) and Fortive (NYSE:FTV) with Backing from Strategic Investors to Launch AI-Powered Product and Sustainability Compliance Management Platform

FOR IMMEDIATE RELEASE
Seattle, WA — December 23rd, 2024

Certivo Spins Out from Pioneer Square Labs (PSL) and Fortive (NYSE:FTV) with Backing from Strategic Investors to Launch AI-Powered Product and Sustainability Compliance Management Platform

Certivo, an AI-powered product and sustainability compliance management platform, has officially launched as an independent company. A spinout from Pioneer Square Labs (PSL) in partnership with Fortive (NYSE:FTV), a global leader in industrial technology, Certivo is backed by strategic investment from Pioneer Square Ventures, Fortive, and the AI Studio Fund. Certivo is set to transform compliance management for manufacturers, helping them navigate today’s rapidly evolving regulatory landscape with greater speed and confidence.

With compliance requirements such as RoHS, REACH, PFAS, Conflict Minerals, TSCA, and sustainability frameworks like CSRD becoming increasingly stringent, manufacturers face mounting pressure to manage thousands of certificates across global supply chains. Manual processes and fragmented systems have made compliance a bottleneck, costing companies millions in delays, lost revenue, and operational inefficiencies. Certivo leverages AI to streamline and accelerate compliance workflows, integrating environmental and sustainability compliance into a single, unified platform.

"Compliance is a growing challenge, often standing in the way of companies bringing products to market on time," said Kunal Chopra, CEO and Co-Founder of Certivo. "By addressing environmental, materials, and sustainability compliance as two sides of the same coin, our platform eliminates inefficiencies, enabling manufacturers to meet regulatory and sustainability requirements faster while reducing risk and freeing up resources for innovation."

Certivo stands apart from competitors by automating and streamlining the entire compliance process using AI, making it an extremely cost-effective solution—at just 1/10th the cost of other offerings. While others focus primarily on tracking certificates and reporting, Certivo integrates seamlessly with ERP, PLM, and CRM systems to automate certificate collection, monitor regulatory and sustainability changes, and enhance collaboration across the supply chain.

Agentic Systems: Transforming Enterprise Operations

Certivo’s launch comes at a time when multi-agentic systems are set to redefine enterprise operations. By deploying a network of intelligent AI agents that collaborate to automate and optimize key workflows, Certivo is pioneering this next wave of AI innovation. These interconnected systems enable seamless real-time communication and decision-making across the supply chain, significantly reducing inefficiencies while enhancing transparency and adaptability.

Certivo envisions a future where environmental and sustainability compliance converge into a unified, holistic approach. Every node of the supply chain, powered by multi-agentic AI systems, will ensure compliance at every stage, dynamically responding to regulatory updates and minimizing delays and risks. Certivo's advanced capabilities extend beyond traditional compliance, supporting ethical sourcing, supply chain traceability, quality assurance, and sustainability frameworks like CSRD, delivering an integrated, proactive solution for manufacturers.

“Our vision for the future is to become the AI-powered supply chain, driven by multi-agentic systems,” said Kunal Chopra, CEO and Co-Founder of Certivo. “There is so much hidden value in the supply chain that can be unlocked through better collaboration among its players. By harnessing the power of interconnected AI agents, we aim to facilitate this collaboration and uncover new efficiencies, enabling manufacturers to stay ahead in an increasingly complex global market.”

Leadership Rooted in Industry Expertise

Certivo’s leadership team brings deep experience in manufacturing, supply chain, and enterprise technology. Kunal Chopra, Certivo’s CEO, has a background leading global businesses across Amazon, Kaspien, and Beckett, with extensive expertise in supply chain, manufacturing, retail, and e-commerce. Certivo’s CTO, Ahmed Khan, brings unparalleled technical expertise from his time at NASA and building enterprise software solutions, ensuring Certivo’s platform is scalable, secure, and innovative.

Strategic Insights from Customers

Early collaboration with Fortive portfolio companies has provided valuable insights to refine Certivo’s offering and given the platform a strategic advantage through engagement with enterprise customers. By addressing key pain points in compliance management, Certivo is equipping compliance teams with the tools they need to streamline processes, reduce complexity, and enhance their operational impact.

"Certivo represents the future of compliance management," said TA McCann, Managing Director at Pioneer Square Labs. "By addressing the root causes of compliance bottlenecks with AI, Certivo is helping manufacturers unlock new efficiencies and maintain a competitive edge in a complex regulatory and sustainability landscape."

Certivo’s launch is further strengthened by the addition of Jochen Feiler to its board of directors, joining Kunal Chopra and TA McCann. Jochen’s extensive experience in the manufacturing sector will be instrumental as Certivo scales its platform and expands its market reach.

"Fortive is proud to invest in Certivo’s mission to modernize compliance management," said Jochen Feiler, President of Hengstler Dynapar, a Fortive company, and board member of Certivo. "As regulatory and sustainability demands grow, Certivo’s innovative approach offers manufacturers a solution that simplifies operations and ensures compliance without disrupting their workflows."

"Certivo is tackling a universal pain point for manufacturers," said Jochen. "Its ability to automate and streamline compliance is not only timely but also essential for companies looking to thrive in today’s regulatory and sustainability-driven landscape."

Certivo is now available to manufacturers seeking to revolutionize their compliance management processes.

About Certivo

Certivo is an AI-powered compliance management platform designed to help manufacturers in regulated industries turn compliance into a competitive advantage. The platform automates regulatory and sustainability monitoring, certificate management, and supplier communications, providing actionable insights and predictive analytics to ensure compliance across global markets. For more information, visit www.certivo.com.

About Pioneer Square Labs (PSL)

Pioneer Square Labs is a Seattle-based startup studio and venture capital fund that partners with entrepreneurs to build and scale innovative technology companies. For more information, visit www.psl.com

About Fortive

Fortive is a global industrial technology company focused on essential technologies for connected workflow solutions. Its partnership with PSL underscores its commitment to fostering innovation and supporting emerging technology companies like Certivo. For more information, visit www.fortive.com.

For media inquiries, please contact:
Kunal Chopra
CEO
hello@certivo.com
+1-262-CERTIVO