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Sayari

Sayari

A company offering a business intelligence and risk management platform.

Sayari (also known as Sayari Analytics and Sayari Labs) is a Washington, D.C.-based company which develops and sells access to its data platform, as well as providing consulting services, aimed at helping corporations, financial institutions, and governments assess and manage risk. The company is venture-funded and has been backed by investors such as Lavrock Ventures, Task Force X Capital, and In-Q-Tel.

History

Sayari was founded in 2015 by Benjamin Power and Farley Mesko, who serve as COO and CEO, respectively. The two business partners previously worked together at C4ADS, a nonprofit which provides data-driven analysis and reporting on global conflicts and emerging security issues.

The initial product launched as a corporation transparency website and data service. However, over time the company improved its search engine and data visualization interface – which had previously been an internally-facing product – and began selling access to that search interface. The search interface and data visualization platform is the primary product sold by the company.

Structure

Legal entity
Incorporation date
Domicile
Reference number
CIK

Sayari Analytics, LLC

January 23, 2015

Delaware

5680052

Sayari Labs Limited

February 28, 2020

United Kingdom

Sayari Labs, Inc.

April 17, 2018

Delaware

6848982

Product

Sayari ingests bulk data from around the open Web, as well as through data feeds provided by governments and other sources. The company states that the data it collects – while publicly available – is not typically surface-able via mainstream search engines like Google, Bing, or DuckDuckGo. Sayari says it specializes in collecting information about "hard-to-see" countries such as China, Iran, Venezuela, Russia, Mexico, and regions like sub-Saharan Africa.

Sayari Graph

Sayari says its knowledge graph is "the first purpose-built tool for navigating the complexity of global corporate ownership and commercial relationships". The data platform process and displays corporate relationship information like customers, vendors, and third parties.

via Sayari.com

Sayari says its data pipelines "collect, extract, enrich, match, and analyze high-value public information from over 150 countries."The company says its data comes from a number of publicly-available sources:

  • Corporate Records
  • Import/Export Records
  • Property Transaction Records
  • Litigation Records
  • Tax Records
  • Vital Records

Sayari's normalized public records data can be used to trace ultimate beneficial ownership (UBO), even if financial assets are held in offshore entities in jurisdictions where the disclosure of corporate ownership is not required.

via Sayari.com

Each relationship in Sayari's data model is linked back to the primary source documents. Graph data can be explored through a web-based graphical user interface, via REST API, data subscription, or an on-premise deployment for customers with higher security needs.

Data integrations

Sayari's graph data integrates with partners Actimize, Elasticsearch, and SAP, plus other platforms via its REST API or bulk data products. For defense and law enforcement applications, Sayari integrates with Thundercat Technology and Thomson Reuters Special Services.

Markets and use cases

Sayari sells its data platform to multinational corporations, financial institutions, advisory service providers, and governments. The company outlines specific use cases for its product in each of these target markets, which generally fall into the following categories:

  • Risk management
  • Business intelligence
  • Compliance
  • Due diligence
  • Monitoring
  • Investigation
Multinational corporations

Sayari positions itself as a "third-party risk management" solution to multinational corporations. It also markets itself as an auditing and discovery tool for export controls and trade compliance, stating that "[the company] uses graph analytics to pre-compute ownership structures and flag any hits on a screening list, accelerating complex investigations and enabling compliance with 'narrative sanctions' and the 'OFAC 50% rule.'"

Financial institutions

To prospective customers within financial institutions, Sayari positions itself as a "purpose-built solution for navigating global customer [and] counterparty risk." Sayari says it offers "sanctions compliance," client monitoring and "enhanced" due diligence capabilities, and information which could be used in investigations and anti-money laundering efforts.

Advisory services

Sayari says its platform can be used by advisory teams to "support their clients through disputes, litigation, and key business decisions."The company markets its knowledge graph as a tool for due diligence and business intelligence, as well as for tracing cross-border financial flows, which could assist in identifying and recovering assets such as real estate, goods, company stock, and other assets.

Government

Sayari positions itself to prospective government customers in a similar way to target customers in the financial and advisory markets, as the "first purpose-built solution for navigating the complexity of global commercial & financial networks."For the defense and intelligence community, Sayari states that its platform "enables data-driven solutions for counter-threat finance mission sets." and that it can offer evidence of "illicit finance, proliferation, trafficking, and more is hiding in plain sight, as well as sensitive foreign national security information."To prospective law enforcement clients, the company states its product can be used to expose shell companies and layered ownership structures "with a single click," and can aid in discovering "previously unknown entities owned, controlled, or acting for or on behalf of known criminals, designated terrorists, traffickers, and human rights violators."

Timeline

July 7, 2020
Sayari announces it has raised $2.5 million in a Series B extension led by In-Q-Tel, with participation from MissionOG and Task Force X Capital
July 7, 2020
Sayari raises a $2,500,000 series B round from In-Q-Tel, MissionOG and Task Force X Capital.
February 28, 2020
Sayari Labs Limited is incorporated in the United Kingdom
January 2020
Sayari raises $9 million in Series B funding
January 2020
Sayari raises a $9,000,000 series B round from Arsenal Growth, Lavrock Ventures and NS2 Ventures.
September 18, 2018
Sayari announces it has raised $3.2 million in a Series A round led by Lavrock Ventures
September 2018
Sayari raises a $3,200,000 series A round from Lavrock Ventures.
April 17, 2018
Sayari Labs, Inc. is incorporated in Delaware
January 23, 2015
Sayari Analytics, LLC is incorporated in Delaware by co-founders Farley Mesko and Benjamin E. Power

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Sayari Series B round, July 2020
2,500,000
July 7, 2020
3 Results
Results per page:
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SBA Awards

SBA Award
Agency
Award Type
Amount (USD)
Date Awarded
1 Result
Results per page:
Page 1 of 1

People

Name
Role
LinkedIn

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Sayari SBIR 2019

November 8, 2019

Treasury's War on Terror: What It Means for Banking and Global Commerce

May 5, 2016

Companies

Company
CEO
Location
Products/Services

References

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