MasterControl - About the company
MasterControl is a late stage company based in Salt Lake City (United States), founded in 1994 by Menley Stewart. It operates as a Developer of software for quality, manufacturing, and asset management solutions. MasterControl has raised $150M in funding from Sixth Street, with a current valuation of $1.3B. The company has 1034 active competitors, including 122 funded and 75 that have exited. Its top competitors include companies like Verily, Truveta and Carta Healthcare.
Sectors and market segments that MasterControl operate in
MasterControl serves in the Industrial Goods and Manufacturing, HealthTech, Life Sciences market segments.The primary business model of MasterControl are:Company Details
Developer of software for quality, manufacturing, and asset management solutions. The software provides document, change, training, and audit management. It also features risk and quality event management capabilities. The platform delivers device history records, manufacturing execution system, and electronic logbooks. Batch records, commercial calibration, and regulated asset management are also included.
- Website
- www.mastercontrol.com/
- Social
- Registered Address
- Salt Lake City, Utah
Key Metrics
Founded Year
1994
Location
Salt Lake City, United States
Stage
Late Stage
Total Funding
$150M in 1 round
Latest Funding Round
Post Money Valuation
$1.3B as on Dec 15, 2022
Investors
Ranked
19th among 1034 active competitors
Employee Count
701 as on Jun 30, 2026
Investment & Acquisitions
Legal entities associated with MasterControl
MasterControl is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
Mastercontrol, Inc. CIN: 870662434 , United States, Active | Dec 26, 999 | - | 639 (As on Dec 31, 2024) | - |
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MasterControl's funding and investors
MasterControl has raised a total funding of $150M over 1 round. Its latest funding round was a Unattributed round on Dec 15, 2022 for $150M. 1 investor participated in its latest round. MasterControl has 2 institutional investors.
Here is the list of recent funding rounds of MasterControl:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 15, 2022 | $150M | Unattributed | $1.3B | - | - |
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MasterControl's founders and board of directors
Founder? Claim ProfileThe founders of MasterControl is Menley Stewart.
Here are the details of MasterControl's key team members:
- Menley Stewart: Co-Founder of MasterControl.
- Jonathan Beckstrand: CEO of MasterControl. Contact Info: 1 email address
View details of MasterControl's Founder profiles and Board Members
MasterControl's employee count trend
MasterControl has 701 employees as of Jun 26. Here is MasterControl's employee count trend over the years:
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MasterControl's Competitors and alternates
Top competitors of MasterControl include Verily, Truveta and Carta Healthcare. Here is the list of Top 10 competitors of MasterControl, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Verily 2015, Dallas (United States), Series D | A data platform and technology company purpose-built to power AI-enabled precision health | $2.8B | 78/100 | |
2nd |  Truveta 2020, Seattle (United States), Series C | Provider of healthcare data platform for learning services | $515M | 68/100 | |
3rd | Carta Healthcare 2017, San Mateo (United States), Series B | Provider of an AI platform for clinical data management solutions | $80.6M | 66/100 | |
4th | Abacus Insights 2017, New York City (United States), Series C | Provider of data management solutions | $94.9M | 65/100 | |
5th | Mighty 2015, New York City (United States), Series B | Provider of software solutions for the management of legal funding | $14.2M | 64/100 | |
6th | MediSpend 1999, Portsmouth (United States), Acquired | Compliance management software for spend analytics in life sciences industry | - | 64/100 | |
7th |  Motivity 2002, Seattle (United States), Series A | Provider of software for collecting data for clinics | $38M | 62/100 | |
8th | Provider of artificial intelligence software for global regulatory compliance management | $10M | 61/100 | ||
9th | Kneat Solutions 2006, Limerick (Ireland), Acquired | Software platform for electronic validation life cycle | $6.11M | 61/100 | |
10th |  MetricStream 1999, San Jose (United States), Series D | Developer of software for governance risk and compliance management processes | $213M | 60/100 | |
19th | MasterControl 1994, Salt Lake City (United States), Late Stage | Developer of software for quality, manufacturing, and asset management solutions | $150M | 56/100 |
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MasterControl's Investments and acquisitions
MasterControl has acquired Qualer. MasterControl has not made any investments as of now.Reports related to MasterControl
Here is the latest report on MasterControl's sector:
News related to MasterControl
Filter this listMedia has covered MasterControl for a total of 5 events in the last 1 year, 2 of them have been about company updates and 1 about people movement.
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MasterControl Unveils AI-Powered Event Summarizer for Quality Decision-MakingMedical Product Outsourcing•Jul 07, 2026•MasterControl
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MasterControl Receives Highest Placement Among EQMS Vendors in LNS Research’s GuidebookMiningstockeducation•Feb 02, 2026•MasterControl
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MasterControl Recognized by TrustRadius 2026 Buyer's Choice AwardsPR Newswire•Dec 04, 2025•MasterControl
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MasterControl Achieves $200M ARR Milestone with AI-Powered SolutionsPR Newswire•Sep 04, 2025•MasterControl
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MasterControl Launches AI-Powered Master Template Generator BetaPR Newswire•May 16, 2025•MasterControl
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MasterControl Achieves FedRAMP Authorization for Quality Management SystemPR Newswire•May 05, 2025•MasterControl
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MasterControl Acquires Qualer to Transform Asset Management for Life Sciences CompaniesTMC•Mar 04, 2025•MasterControl, Qualer
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MasterControl Kicks Off Generative AI-Powered Document Translator Beta ProgramAiThority•Aug 27, 2024•MasterControl
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