SAR, LLC, a Bethesda, Md.-based securities class action (SCA) data analytics software company, raised $1m in seed funding.
Unnamed angel investors participated in the round.
Led by Nessim Mezrahi, CEO, SAR is a provider of an event-driven SCA data analytics, combining proven event study methodology with cloud-based processing to identify, track, and uniformly quantify potential exposure from adverse events. The company empowers public company D&O claims professionals with cloud-based econometric tools that track and quantify severity on filed claims that allege violations of Section 10(b) and 20(a) of the Securities Exchange Act, and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
SAR also added Carolina M. Doherty as Vice President of Business Development and promoted Mr. Stephen Sigrist to the executive team as Data Scientist and also promoted Mr. Gadi Rozmaryn to Vice President of Software Engineering.