SAR, LLC, a Bethesda, Maryland based securities class action data analytics software company, announced it’s closed on its seed round.
The startup raised $1 million in seed capital from a group of unnamed angel investors.
SAR is an independent, highly specialized provider of SCA data analytics services. The company pioneered event-driven SCA data analytics, combining proven event study methodology with cloud-based processing to analyze and uniformly quantify potential exposure from adverse events.
SAR empowers public company D&O claims professionals with simple, cloud-based econometric tools that track and quantify severity on file claims alleging Section 10(b) and 20(a) violations of the Securities Exchange Act, as well as Rule 10b-5 violations by the SEC.