TPG invests in Sayari

Sayari, a counterparty and supply chain risk intelligence provider trusted by government agencies, multinational corporations, and financial institutions, and TPG announced that they have signed a definitive agreement for TPG Growth, the firm’s middle market and growth equity platform, to make an up to $228 million strategic majority investment in Sayari. Sayari’s founders, employees, and existing investors will retain a significant stake in the company.

Founded in 2015, the Sayari platform integrates global corporate and supply chain data to surface risk insights for investigations, analytics, and supply chain risk management. Today, Sayari’s platform is trusted by users from across global regulators, law enforcement, and national security agencies, as well as over 100 of the world’s largest public and private companies. Sayari has seen explosive growth since the release of its platform in 2020 with consecutive rankings by Deloitte and Inc. Magazine as one of the fastest growing technology companies in North America. The partnership with TPG will accelerate Sayari’s global expansion in 2024 and support the launch of a new supply chain illumination platform leveraging responsible AI to extract deeper insights from Sayari’s industry-leading and authoritative supply chain data.

“As the global business landscape continues to evolve, companies are facing an increasingly complex set of risks and are being held accountable for the counterparties with which they partner,” said Mike Zappert, partner at TPG. “Sayari sits at the intersection of these trends. Through its unique data assets built over many years, Sayari’s platform drives greater insights into emerging threats and gives organizations more power to protect the people, businesses, and nations they serve. TPG has invested behind leading information services and government technology businesses for more than two decades, and we look forward to partnering with the Sayari team on their journey.”

“Whether it’s a regulatory body or Fortune 500 company, our platform arms leaders with the information they need to make decisions that promote safer global commerce,” said Farley Mesko, co-founder and CEO of Sayari. “This strategic partnership marks a crucial milestone in Sayari’s journey to revolutionize the landscape of risk intelligence technology as we launch our second product, a new fully automated supply chain screening platform leveraging our industry leading knowledge graph alongside cutting edge technologies. We see a massive opportunity in the supply chain risk space to drive down costs and deliver superior insights to decision makers and we’re pleased to have a partner who shares our vision. TPG brings tremendous resources, operational expertise, and a customer-first philosophy that is truly unique.”

Source: Sayari

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