Exiger has entered into a definitive agreement through which it will receive a majority investment from funds managed by global investment firm Carlyle and global software investor Insight Partners.
The partnership will enable Exiger to continue investing in its award-winning product portfolio of AI solutions that are used in critical applications across government and commercial markets. The company’s management, founders and existing investor Carrick Capital Partners will reinvest equity as part of this transaction.
“Exiger’s AI technology transforms the way organizations identify and manage risk, reduce cost and increase resilience across their supplier and third-party ecosystems. We are thrilled to partner with Carlyle and Insight Partners as we continue to invest in our 1Exiger platform which empowers our customers to make confident, deliberate decisions informed by real-time insights,” said Brandon Daniels, Exiger CEO.
The 1ExigerAI platform addresses the entire risk landscape, including foreign ownership, control or influence, environmental, social and governance, cyber, financial health, reputational, national security, regulatory, product and operational risks.
Carlyle pitches the investment as leveraging Carlyle’s its differentiated expertise in AI and its long history in backing high-growth businesses that sell into government and the commercial sectors in which Carlyle focuses.
Insight Partners says it was ‘excited’ to partner with the Exiger management team and Carlyle to Drive the next phase of growth at Exiger as the company scaled up.
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