Exiger
An AI-driven supply chain and third-party risk platform used to map risk down to the 'nth tier' of suppliers, parts, and materials, majority-owned since December 2023 by The Carlyle Group and Insight Partners.
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Exiger, founded in 2013 by Michael Cherkasky and Michael Beber, provides supply chain risk and resilience software alongside compliance screening capabilities (including sanctions, third-party due diligence, and financial crime risk), historically serving government and highly regulated commercial clients. In December 2023, Carlyle and Insight Partners took a majority investment in the company in partnership with existing management.
Exiger’s differentiator is depth of supply-chain mapping: rather than assessing only direct (first-tier) suppliers, its platform is built to trace risk further down multi-tier supply chains — parts, materials, and sub-suppliers — which has become increasingly relevant given software and hardware supply-chain attacks and geopolitical sourcing risk.
Innovation Matrix Assessment
New PE ownership since late 2023 is being used to fund continued AI-driven product development, though independent evidence of pace is limited.
Multi-tier supply-chain risk mapping provides genuinely deeper operational visibility than first-tier-only vendor risk tools.
A significant 2023 majority investment from two major PE firms is a strong signal of continued market confidence and growth capital.
Extends supply-chain risk visibility deeper than typical tools, though it builds on an established compliance-screening and TPRM foundation.
A decade of government and regulated-enterprise customers indicates real usage, though no independent efficacy studies were found.
Multi-tier supply-chain risk is an increasingly urgent enterprise and national-security concern, keeping this category highly relevant.
Why CISOs Should Care
CISOs concerned about software and hardware supply-chain risk (SBOM provenance, sanctioned or high-risk component sourcing, nth-tier supplier exposure) get purpose-built multi-tier supply-chain risk mapping rather than first-tier-only vendor risk tools.
What Makes It Different
Exiger's multi-tier ('nth tier') supply-chain risk mapping goes deeper than typical first-tier vendor risk assessments common in general TPRM tools.
The Matrix Verdict
53/100 — INCREMENTAL INNOVATOR
A well-capitalized, PE-backed supply-chain risk specialist with genuine depth in multi-tier risk mapping; strong operational relevance given rising supply-chain attack concerns, tempered by its roots as a services-heavy compliance-screening business.
Editorial Note: Claims vs. Verified Findings
The Carlyle/Insight Partners majority investment is independently confirmed via Carlyle's own press release; specific platform-performance and coverage-depth claims are vendor-stated.
Sources
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