SAR Raises $1 Million In Funding And Hires More Executives

By Dan Anderson ● December 2, 2019
  • Securities class action (SCA) data analytics software company SAR LLC announced it raised $1 million in seed capital

SAR LLC — a securities class action (SCA) data analytics software company — announced it has raised $1 million in seed capital from a group angel investors. And SAR is known as the pioneer in 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. Plus SAR 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. SEC.

The company also announced that it is welcoming Carolina M. Doherty as VP of Business Development — who is joining the company from Tower Strategy Group where she worked as a Senior Associate using data analytics for executing strategic growth initiatives. Before that, she worked as an associate at the economic consulting firm Nathan Associates in the Financial Litigation group for eight years.

SAR is also promoting Stephen Sigrist to the executive team as Data Scientist. Before joining SAR in 2018 to spearhead the Data Science team, Sigrist was a Senior Consultant at Nathan Associates. While working at Nathan for five years, Sigrist performed complex statistical and economic analyses to support testifying economists with economic damages in complex securities and antitrust class action matters. Prior to that experience, Sigrist was a Senior Research Associate at the Investment Company Institute (ICI) in Washington, DC where he researched, compiled, and published industry-wide metrics related to the mutual fund industry. 

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And SAR also promoted Gadi Rozmaryn to Vice President of Software Engineering. Before joining SAR in 2018 to lead and manage platform development efforts, Rozmaryn was a principal infrastructure architect for Teaching Strategies, LLC. Rozmaryn has more than two decades of experience in systems administration, application development, and cloud-based architecture design. 

“SAR is honored to have such a dedicated and focused team of skilled professionals lead our mission to enhance transparency in the securities class action arena with best-in-class SCA data analytics,” said SAR co-founder and CEO Nessim Mezrahi. 

SAR also revealed that next year, the Data Science team will actively track, monitor, and analyze SCAs that allege violations of the federal securities laws under Section 11, Section 12(a)(2), and Section 15 of the Securities Act of 1933, and Exchange Act claims that allege violations of Rule 10b-5 involving non-U.S. domiciled companies that are listed in American Exchanges and trade through American Depository Receipts (ADRs).