TPG Invests $228 Million in Supply Chain Intelligence Firm Sayari

TPG, a global alternative asset management firm, will make a strategic growth investment of up to $228 million in Sayari Labs, a counterparty and supply chain risk intelligence provider.

This partnership aims to support Sayari’s global expansion and the launch of a new supply chain illumination platform that leverages artificial intelligence, the companies said in a Tuesday (Jan. 16) press release.

“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,” Mike Zappert, partner at TPG, said in the release. “Sayari sits at the intersection of these trends.”

Sayari, founded in 2015, integrates global corporate and supply chain data to provide risk insights for investigations, analytics and supply chain risk management, according to the release. Its platform is used by government agencies and more than 100 of the world’s largest public and private companies.

Since the release of its platform in 2020, Sayari has earned consecutive rankings as one of the fastest-growing technology companies in North America, the release said.

The partnership with TPG will accelerate Sayari’s expansion in 2024 and facilitate the development of a new supply chain screening platform, per the release. This platform will utilize responsible AI to extract deeper insights from Sayari’s supply chain data, enabling organizations to make informed decisions that promote safer global commerce.

Sayari’s growth has been fueled in part by its expansion into international governments, with a 950% increase in contracts awarded in the past year, according to the press release.

As regulatory scrutiny over global supply chains continues to rise, TPG and Sayari aim to develop groundbreaking technology to address the world’s most pressing challenges, the release said.

“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,” Farley Mesko, co-founder and CEO of Sayari, said in the release.

The transaction is expected to close in the first quarter of 2024, subject to customary regulatory approvals, per the release.

Because of the complexity of corporate ownership, financial institutions are looking much more closely at the context in which a business or individual tied to a specific business operates, Mesko told PYMNTS in an interview posted in September 2021.

“It’s not just knowing your immediate customer, but understanding who really owns them, who benefits from that company, wherever in the world they might be, and who else they might be doing business with,” Mesko said.