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Sayari Announces $9 Million in Series B Funding

01/22/20 3 minute read
Sayari Labs, the emerging leader in financial intelligence and supply chain risk solutions, today announced $9 million in Series B funding.

The round was led by Arsenal Growth, a leading US private equity firm focused on bridging the gap between government, enterprise and growing technology companies, with participation from SAP’s National Security Services (NS2) Ventures, alongside additional funding from existing investor Lavrock Ventures. The new funding will accelerate the expansion of Sayari Graph and support its growing global enterprise customer base.

Sayari Graph is the first purpose-built platform for navigating the complexity of global commercial relationships, allowing for a complete picture of customers, vendors, and third parties, all while maintaining provenance back to primary source documents.

Farley Mesko, CEO at Sayari, said: “Organizations with international customers, vendors, and supply chains need to be confident they are making intelligent, data-driven risk management decisions. We are delighted to have raised this investment to further develop our unique technology, which leverages and connects the most trustworthy public data to enable more transparent global trade and financial interactions.”

“Sayari has developed an innovative platform to assess and manage third party business risk,” said John Trbovich, General Partner at Arsenal Growth. “As global commerce increases, it is more critical than ever for enterprises to have trusted, accessible and current financial intelligence data on their business partners. We are proud to partner with the Sayari team to further scale its capabilities and customer base”.

“For banks, enterprises, and the public sector alike, the multidimensional complexity of today’s economy is only going to increase. The Sayari team has over-delivered on their ability to provide customers with a means to shine a light on this opacity, and the company’s accelerating growth demonstrates the extent to which this is true. Adding a firm like Arsenal only increases our excitement for the future,” said Daniel Hanks, General Partner at Lavrock Ventures.

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