Sandbar Funding Round

1/24/2023

Venture Equity

$4,800,000

Seed

The company intends to use the funds to further develop the product, expand the pipeline, and support customers as Sandbar continues to accelerate growth following the public launch of the product.

Private & Independent

Software

141 West 20th St 402
Manhattan, NY 10011
USA

Undisclosed

Sandbar builds performant anti-money laundering (AML) software to more accurately identify illegal activity. Criminals launder an estimated $6 Trillion every year, yet less than 1% of this is caught. To provide better results, we ingest millions of messy data points, standardize that data, and run a complex suite of proprietary calculations designed to detect suspicious activity. Our product automatically monitors activity and empowers risk teams by putting necessary information at their fingertips. We provide information accessibility, build intuitive workflows, and allow for custom processing. Doing better can help cut off funding for kidnappers, human traffickers, terrorists, scammers, and other bad actors as well as reduce the effort and costs associated with developing and maintaining internal AML programs.