CIBC Innovation Banking Provides $40 Million Credit Facility to Commercial Risk Intelligence Provider Sayari

CIBC Innovation Banking today announced that it has provided an undrawn $40 million revolving credit facility to Sayari, a counterparty and supply chain risk intelligence platform trusted by government agencies, multinational corporations, and financial institutions. The financing will be used to support Sayari’s global expansion and follows a $235 million strategic growth investment from alternative asset management firm TPG (NASDAQ: TPG) earlier this year.

Founded in 2015, Sayari works to enhance transparency to create more resilient supply chains and empower safer global commerce. Sayari aids sourcing, procurement, and trade compliance teams in managing non-obvious risks deep within supply chains, including forced labor, ESG issues, and global sanctions.

Sayari’s technology sources publicly available global corporate ownership, subsidiary, and custom data from over 250 jurisdictions worldwide, including real trade data from 70+ countries. Sayari is used by global regulators, law enforcement, national security agencies, and more than 100 of the world’s largest public and private companies. Together, platforms Sayari Graph and Sayari Map provide comprehensive network visibility at scale for thousands of frontline regulators and analysts in over 35 countries. Sayari was featured on the 2022 North America Deloitte Technology Fast 500 and the Inc. 5000 Fastest Growing Companies list for 2023.

Diego Recinos, Senior Director at CIBC Innovation Banking, said: “In an increasingly complex and interconnected world of entity ownership and supply chains, Sayari’s commercial risk intelligence platform provides crucial insight to enterprise and government agencies. The strength of Sayari’s management team, quality of their proprietary data, and functionality of their data intelligence solution has attracted investment from leading technology investors such as TPG, Centana Growth Partners, and Arsenal Growth. We are excited to join Sayari on their journey and look forward to supporting them in this next stage of growth.”

About CIBC Innovation Banking

CIBC Innovation Banking delivers strategic advice, cash management and funding to innovation companies across North America, the UK, and select European countries at each stage of their business cycle, from startup to IPO and beyond. With offices in Atlanta, Austin, Boston, Chicago, Denver, Durham, London, Menlo Park, Montreal, New York, Reston, Seattle, Toronto and Vancouver, the team has extensive experience and a strong, collaborative approach that extends across CIBC’s commercial banking, private banking, wealth management and capital markets businesses.

About Sayari

Sayari is the leading risk intelligence platform trusted by government agencies, multinational corporations, and financial institutions. Its intuitive network analysis platform surfaces hidden risk through integrated corporate ownership, supply chain, trade transaction and risk intelligence data from over 250 jurisdictions. Sayari is headquartered in Washington, D.C., and its solutions are used by thousands of frontline analysts in over 35 countries. To learn how Sayari powers safer global commerce, please visit sayari.com. For media inquiries, email [email protected].