# Sandbar Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sandbar-technologies

- Industry: Software
- Headquarters: New York, US
- Website: www.sandbar.ai
- Total disclosed funding: $4.8M
- Latest round: Seed (Jan 25, 2023)
- Investors on record: 2

## About

Based in New York, US, and founded in 2021, Sandbar Technologies, Inc. operates as a fraud detection software firm that provides transaction monitoring solutions. The company was founded by its CEO, Brock Bontrager. In January 2023, Sandbar Technologies, Inc. raised USD 4.8 million in seed funding, co-led by Abstract Ventures and BoxGroup. As of 2023, the company had 8 employees.

Sandbar provides anti-money laundering (AML) software,  which is a transaction monitoring platform used by financial services companies to monitor cash transactions to eliminate financial crimes. The platform offers multiple features and SaaS solutions, such as fraud detection, counter-terrorism risk detection, integrations, API-enabled solutions, and more.

The company plans to use the funds raised in January 2023 to improve its service and bring it to the wider public.

## Funding rounds

- Seed, Jan 25, 2023, $4.8M — BoxGroup, Abstract Ventures

## Investors

- BoxGroup (https://capitalatlas.ai/funds/boxgroup) — Seed
- Abstract Ventures (https://capitalatlas.ai/funds/abstract-ventures) — Seed