S&P Global

New technology allows individuals and organizations to become carbon intelligent

Carbon Management Software

Measurabl offers a SaaS-based Environmental, Social and Governance (ESG) data management solution for the commercial real estate industry. Measurable automates ESG data collection from a variety of sources including utility data, emission data, etc. and produces customized ESG reports on demand for real estate operators. As of February 2024, Measurabl’s Pro package, which is recommended for real estate operators or investors with a portfolio of a minimum of 30 buildings, is priced at USD 45 per month per building. <a href="https://sp-edge.com/updates/13246">In September 2021 </a>, Measurabl launched ESG Advisory Services to the suite of its professional services, to support companies with ESG reporting. In <a href="https://sp-edge.com/updates">July 2024</a>, the company also launched Measurabl Navigate, a next-generation real estate sustainability platform.&nbsp;Key customers and partnershipsAs of February 2024, Measurabl reported that the floor area of the buildings that use its services totals 17 billion square feet (valued in excess of USD 2 trillion) across 93+ countries. The company partnered with real estate companies, such as <a href="https://sp-edge.com/updates/8433">RealPage </a>and <a href="https://sp-edge.com/updates/8045">Manulife Investment Management </a>to provide visualization of real estate ESG data. In August 2023, the company also partnered with <a href="https://sp-edge.com/updates/21343">Voya Investment Management </a>to provide property-driven ESG insights on all commercial real estate loans issued. The company’s high-profile customers include Salesforce, Boston Properties, Tishman Speyer, Credit Suisse, BlackRock and Brookfield.In April 2022, Measurabl <a href="https://sp-edge.com/updates/9887">acquired </a>Hatch Data, a smart building platform provider, to expand its ESG data solution and <a href="https://sp-edge.com/updates/12763">WegoWise </a>to gain access to the latter's proprietary utility automation infrastructure in September 2022.Funding and financialsThe company’s most recent funding was in May 2023, when it raised <a href="https://sp-edge.com/updates/18997">USD 93 million </a>in a Series D funding round co-led by Energy Impact Partners and Sway Ventures. Previously in September 2021, the company raised USD 50 million in a Series C funding round led by Energy Impact Partners. The company used the proceeds to speed up its platform expansion and support the launch of new services.

Xpansiv is a carbon and ESG commodities exchange that connects buyers and sellers by providing market-driven data insights for voluntary carbon offsets, renewable energy credits, and low-carbon fuels. The company was acquired by CBL Markets in June 2019; hence, it operates as a separate business entity. Xpansiv’s core business units include CBL (the largest spot exchange for environmental commodities), H2OX (spot exchange for water), XSignals (daily and historical market data), EMA (multi-registry portfolio management system for all environmental commodities), and APX (registry infrastructure for energy and environmental markets). In November 2022, the company launched <a href="https://sp-edge.com/updates/14972">CBL Auctions</a> to trade carbon credits. In September 2023, Xpansiv launched <a href="https://sp-edge.com/updates/22093">live bids and offers</a> on its CBL to accelerate price discovery and liquidity formation. In May 2024, the company launched Xpansiv Connect, an open-access market infrastructure that facilitates efficient trading and market operations.&nbsp;In August 2022, Xpansiv acquired APX, a provider of registry infrastructure, where the company acquired a 20% minority stake previously in March 2022. In January 2023, Xpansiv also completed the acquisition of Evolution Markets, a financial services provider, post the deal closure, Evolution Markets operated as a wholly owned subsidiary of Xpansiv. In&nbsp;<a href="https://sp-edge.com/updates/34610">October 2024</a>, the company acquired PineSpire's LCFS and REC businesses for an undisclosed amount, and plans to integrate the latter’s employees and clients into its Managed Solutions business.Funding and financialsXpansiv’s most recent funding round was in <a href="https://sp-edge.com/updates/29844">May 2024</a>, when it raised an undisclosed investment led by Aramco Ventures and its existing investors. Previously, in January 2023, where the company raised <a href="https://sp-edge.com/updates/15652">USD 125 million</a> led by existing investor Blackstone Energy Partners, and this funding was linked to the <a href="https://sp-edge.com/updates/11495">USD 400 million</a> private equity raise in July 2022, led by the same investor. The funds were used to support the growth of the company, with organic initiatives and new acquisitions.&nbsp;

Disrupting the traditional financial system using blockchain

Decentralized Finance (DeFi)

Credora offers a blockchain-based lending infrastructure and credit ratings platform. It leverages privacy-preserving computational technology to enable lenders to evaluate credit risk in a confidential environment. Enterprises can carry out counterparty discovery, manage loan collateral, and perform credit evaluations using real-time metrics. Additionally, the platform offers a lending marketplace that aggregates opportunities for both lenders and borrowers to execute loans through other protocols or its own regulated agency lender.Key customers and partnershipsThe company primarily targets enterprises such as trading firms, FinTech companies, insurance providers, and DAOs. Its clients include Cega, Wintermute, and Maple Finance. As of April 2023, Credora facilitated over USD 1 billion in loans across more than 100 borrowers and lenders.Funding and financialsIn April 2023, Credora <a href="https://sp-edge.com/updates/17984">raised USD 6 million</a> in fresh funding from S&amp;P Global and Coinbase Ventures to further develop its private computation technology.

Technologies that automate and optimize building operations using data-driven insights.

Smart Building Technology

Measurabl is a real estate-focused environmental, social, and governance (ESG) data technology provider. Its data management platform enables commercial, residential, and corporate real estate owners and asset managers to measure, manage, and report ESG data. This helps them assess and mitigate exposure to physical climate risk, comply with regulations, act on building decarbonization, and support sustainable finance opportunities. As of May 2023, Measurabl's platform covered more than 16 billion square feet of real estate, representing over USD 2 trillion in asset value across 93 countries.
Measurabl's platform automates the collection of data such as electricity, water, fuel, district, and waste from utilities. It maintains social and governance documents alongside environmental data, providing a comprehensive view of ESG performance. The platform allows real estate tenants, owners, and investors to optimize ESG performance and meet reporting requirements.
In September 2021, Measurabl acquired utility data automation and residential real estate software platform WegoWise, as well as decarbonization-focused smart building platform provider Hatch Data, to consolidate ESG tools and services into its platform. In May 2023, the company raised USD 93 million in Series D funding to further enhance its technologies, expand internationally, and integrate its products.

Established renewable energy technologies for a greener future

Current-gen renewables

Pexapark is a specialist provider of Power Purchase Agreement (PPA) price reference, risk and portfolio management software, and advisory services for the renewable energy industry. The company's core offering encompasses trusted reference prices for PPAs across 19 markets and 34 price zones in Europe, PPA transaction advisory services, and PexaOS, its unique energy risk and portfolio management software.
Pexapark's PexaQuote software provides daily PPA price calculations and quotes for various renewable energy technologies such as solar, onshore wind, and offshore wind across different regions in Europe. It takes into account factors like geography, technology type, contract tenors, and PPA structures to determine fair value pricing. The platform allows users to request customized PPA pricing based on specific renewable energy assets and locations. It also features a Forward Curve function to predict tradable quantities of energy for future years.
Additionally, Pexapark offers PPA Tracker, a service that provides timely updates on new PPA announcements, including details like the country of origin, buyer and seller names, technology used, project size, and tenor. As of September 2023, the company had supported over 30GW of PPA deals and its PexaOS software was actively managing 13GW of renewable energy assets across Europe for Independent Power Producers (IPPs) and funds.
Founded in 2017 and based in Zurich, Switzerland, Pexapark has been adopted by over 200 renewable energy, storage, and green hydrogen players across Europe, including leading companies like Octopus Energy Generation, Statkraft, BP, EDF Renewables, and Covestro. In November 2022, the company entered into a partnership with AFRY, a Swedish-Finnish engineering and advisory firm, to develop the market's first 'Daily Valuation Curve' - a consistent valuation framework covering the complete lifespan of renewable energy projects.

Deriving insights from uncommon data streams

Alternative Data

Ursa Space Systems is a geospatial intelligence company based in the US that provides real-time change detection solutions through its virtual satellite network and data fusion technology. The company specializes in synthetic aperture radar (SAR) data applications, offering insights derived from satellite imagery analysis. Its core offerings include weekly oil inventory reports for various regions globally, enabling users to recalibrate expectations about oil supply and demand conditions. Ursa's technology leverages machine vision and machine learning algorithms to convert satellite imagery into actionable data products for decision-makers across industries such as energy, finance, supply chain, logistics, and insurance. In March 2022, the company published a detailed product catalog outlining its full range of capabilities.
Ursa Space Systems was founded in 2017 and is headquartered in Ithaca, New York. The company has raised funding through multiple rounds, including a USD 7 million Series A led by Paladin Capital Group in October 2017, USD 15 million in a Series B round led by Razor's Edge Ventures in November 2019, and the first close of its USD 16 million Series C round led by Dorilton Ventures in March 2022. Ursa's virtual constellation comprises over 10 million SAR images and continues to grow, enabling analysis under any geographic, political, or weather conditions.
Key customers and partnerships
In August 2022, Ursa Space entered into an agreement with EOS Data Analytics to provide geospatial intelligence in Ukraine. This collaboration leveraged Ursa's global imagery and analytics orchestration capabilities combined with EOS Data Analytics' local knowledge and infrastructure to deliver critical insights regarding vital infrastructure, energy sources, agriculture, and other essentials in the region.
In March 2024, Ursa Space partnered with MAIAR, a UK small business specializing in defense intelligence, to enhance geospatial and open-source analytics for NATO and the UK Ministry of Defence. This partnership aimed to expedite delivery times and increase the magnitude of results for UK and NATO customers by combining MAIAR's expertise in mission intricacies and Ursa's cutting-edge analytics platform.

Technology providers that enhance satellite operations

Next-gen Satellites

Ursa Space Systems is a global satellite intelligence infrastructure company that provides business and government decision-makers with on-demand analytic solutions. The company provides a virtual constellation by leveraging the world's largest database of satellite imagery from trusted synthetic aperture radar (SAR), optical, and radio frequency (RF) data vendors. Its platform catalogs satellite imagery and offers analytic services at scale, enabling rapid delivery of insights into real-time changes in the physical world.The company offers a data marketplace, where it continuously monitors over 1,000 (as of June 2024) global locations, extracting insights to provide ready-made datasets. These datasets cover diverse areas such as oil storage levels, auto manufacturing indices, and port activities.Key customers and partnershipsUrsa Space Systems' solutions cater to a range of industries, including Global Security for threat assessment, Economy, for monitoring physical economic indicators such as flood analytics, Maritime, for core capabilities, including global oil storage assessment, and vessel detection, and Infrastructure for physical asset monitoring such as global oil storage assessment.Ursa Space Systems entered an agreement with EOS Data Analytics in August 2022 to deliver geospatial intelligence in Ukraine. In March 2023, Ursa Space Systems added Kleos Space's RF data to its platform, expanding its data fusion process and enhancing its monitoring and analysis services for customers. In May 2023, Ursa Space Systems partnered with Umbra, a vertically integrated space technology company, to bring advanced SAR analytics to the global market through Ursa's suite of subscription and custom intelligence products. In May 2024, the company partnered with Quiet Professionals, a US defense contractor, to increase the availability of advanced satellite analysis and situational awareness software for government and commercial customers by integrating Ursa Space's comprehensive satellite imagery and analysis capabilities into Quiet Professionals' Cerebra Grey platform.

Novata is a developer of a technological platform that provides its clients with corporate governance measurement, data collection, and benchmarking. In addition to reporting tools, the company provides a streamlined reporting framework that consolidates metrics, a secure contributory database where private companies can report against the framework, and objective, data-driven benchmarking against both private and public company peers. This enables private businesses to gain key insights from their data and easily report to investors, regulators, and other stakeholders. Novata was established in 2021 in New York, United States by Alexander Friedman.

Pexapark provides an energy investment platform that specializes in software and advisory services for post-subsidy renewable energy sales and risk management. The company provides an operating system to facilitate the entire energy trading and sales workflow from price discovery to analytics, execution and monitoring, covering solar and on- and offshore wind in 18 countries. Its platform also helps renewable investors to assist them in selling their energy and address clients transact PPAs and managing energy sales. Additionally, it helps clients to structure power sales, complete power purchase agreement transactions, and monitor their energy risks. Pexapark was founded in 2017 and is headquartered in Schlieren, Zurich, Switzerland.

Credora is building confidence in credit markets through privacy-preserving technology that enables real-time credit analytics and powers transparent and efficient markets. To date, Credora has facilitated $1b+ in uncollateralized loans across 100+ borrowers & lenders and can help well-capitalized, risk-managed borrowers borrow transparently and securely. Credora currently monitors over $4 billion of borrower assets with coverage across the majority of CeFi and DeFi venues.

BlueMark engages in providing independent impact verification services for investors and companies. It focuses on strengthening trust in impact investing and helps bring more accountability to the impact investment process.

Quantifind provides AI solutions for anti-money laundering and fraud detection that uniquely discover risk by combining internal financial institution data with public domain data. Founded in 2008 by two atomic physics Ph.D.s, the company has offices in Silicon Valley, New York, and Washington, DC.    For more information, please visit http://www.quantifind.com.

Handshakes is an award-winning DataTech company. We enable our clients to make safer, more informed decisions by delivering meaningful insights, harnessed from reliable data. Our clients choose us for our reliability, our proprietary data visualisation tools and our ability to customise solutions based on their specific concerns and desired outputs.

FiscalNote uses artificial intelligence and big data to deliver immediate predictive analytics of governmental action to pinpoint impact. FiscalNote's flagship platform provides real-time legislative predictive capabilities as well as enterprise collaboration and visualization tools for data on campaign finance, demographics, news, and open data to government relations professionals to help them make faster decisions.

Illuminate Financial is a venture capital firm backing companies that solve problems in financial services. Building an enterprise software company and selling solutions into financial institutions is hard. We have deep domain expertise, the right industry network and are a trusted partner to our portfolio companies as we help guide them through the early stages of their journey.

Lukka specializes in managing and processing complex blockchain and cryptocurrency data, making it accessible and useful for businesses. The company focuses on financial applications, offering tools for accounting, auditing, tax reporting, and compliance within the digital asset space. Its products include LukkaTax, a software solution designed to simplify tax calculations and compliance for individuals and businesses dealing with cryptocurrencies. LukkaCrypto Office serves as a back-office solution for managing crypto assets, providing features such as pricing, valuation, and reporting. Additionally, Lukka Reference Data offers normalized data for crypto assets, ensuring consistency and accuracy for enterprise applications.

Tealbook is an enterprise software company that connects buyers and suppliers and provides the data needed to make procurement decisions. Tealbook’s innovations in buyer/supplier relations have earned recognition, including being named to the CIX Top 20 and a spot on the prestigious 2018 Gartner Cool Vendor list.  Tealbook was founded in 2014 by Stephany Lapierre and is based in Toronto, Ontario, Canada.

Measurabl develops an ESG data management platform for commercial real estate. It empowers customers to optimize ESG performance, assess exposure to physical climate risk, drive decarbonization, and secure sustainable finance opportunities.

Ursa Space Systems is a space 3.0 analytics-as-a-service company that brings transparency to global markets to help traders and analysts in the finance and energy industries make more informed decisions. It uses space-based data from radar satellites as the source of its timely reports.

Founded in 2016, BigOne Lab is a leading alternative data company in China. We are committed to  building an engine for alternative data-driven business intelligence, providing services for business decision-makers across the globe, practicing and pushing forward the Digital Economy. Based on innovative technologies, such as Multimodal Data Analysis(MDA), SaaS module, cloud computing, Artificial Intelligence, we have created a way to transform wide-ranging alternative data into thought-provoking insights. Our mission is to empower business decision-makers and investment professionals with our one-stop solutions featuring premium data products, professional services, and an easy-to-use system.  Our products and solutions cover hundreds of business analytic metrics in 10+ industries and 200,000+ companies. An increasing number of institutional investors and companies are adopting our solutions to answer their key questions in business decision-making, including the world's leading PE/VC, sovereign wealth funds, hedge funds, top consumer companies, and internet companies.  We have received investment from S&P Global, GP Capital, China Growth Capital, ZhenFund and Palm Drive Capital. We are a professional and diverse team with rich experience in industry research, data science, engineering and product development. Our members previously worked for tech giants, world-class financial and data companies, and new economy companies, such as Bloomberg, Google, BlackRock, Goldman Sachs, Tencent, ByteDance, and Xiaomi. They graduated from Peking University, Tsinghua University, University of Hong Kong, Carnegie Mellon University, Columbia University, and Fudan University, among other famous universities at home and abroad.

Xpansiv ingests data sourced from each commodity’s lifecycle and converts it into intelligent commodities and digital assets. It serves as a global market infrastructure for registering, managing, trading, settling, retiring, analyzing, and reporting an infinite array of data-driven environmental commodities in an intuitive, user-friendly environment.

Algomi is a software company that provides technology to financial market participants to improve their workflow and liquidity by data aggregation, pre-trade information analysis, and execution facilitation. Through their understanding of financial markets and experience of workflow development, they collaborate with their clients and third party providers to create ideas and products that facilitate market function. Additionally, the company acts as a utility, bringing infrastructure to some of the world’s largest fixed-income participants to help them turn complex data systems into actionable knowledge. They enable investors and liquidity providers to trade with increased speed, greater efficiency and at lower cost. They are a market neutral system provider, using their expertise in technological facilitation to improve liquidity and efficiency in the market. Founded in 2012, Algomi is headquartered in London with offices in New York and Hong Kong. Algomi’s strength and stability comes through investment from AllianceBernstein, Euroclear, Euronext, and S&P Global.

Kensho combines natural language search queries, graphical user interfaces, and secure cloud computing to create a class of analytics tools for investment professionals. They address investment analysis, intelligent computer systems are capable of answering complex financial questions posed in plain english.

Gather is a demand-driven media company. The company is a wholly-owned subsidiary of Skyword, the leader in Search-Driven Media (SDM). The site is powered by content created by Skywriters, who create more than 8,000 pieces of content that reach more than 9M people worldwide.  Gather is the place where millions and millions of people come for fresh perspective on what's happening now. Gather members can share their own views and join in conversation with others who share their interests. The Gather site offers thousands of pieces of content in the following categories: Entertainment, Sports, Politics, Celebs, Business and Technology.

LinkedIn is a professional network that connects professionals to enhance productivity and success. With a diversified revenue model that includes solutions for talent, marketing, sales, and premium subscriptions, The company supports businesses and individuals in achieving their professional goals.

Business.com offers advice, services, and tools needed by small businesses to succeed. Hundreds of thousands of SMBs rely on Business.com to acquire the knowledge, products, and services they need to run and grow their businesses.

e-Builder is the leading provider of fully-integrated, owner-centric, cloud-based construction program management software, focused exclusively on meeting the needs of facility owners and construction professionals. The company’s research and development efforts are solely focused on clients' unique needs and challenges, and providing the lowest risk and fastest deployment option of any system on the market.

S&P Global offers financial information and data analytics services to provide transparent and independent ratings. The company's information and data analytics services offer market intelligence reviews, ratings, benchmarks, analytics, and data that enable the capital and commodity markets to avail the intelligence necessary to make decisions with conviction.

<div> S&amp;P Global Inc. (NYSE: SPGI) is a leading provider of credit ratings, benchmarks, analytics, and workflow solutions for global capital, commodity, and automotive markets. Founded in 1860 and headquartered in New York, the company operates through five main segments: S&amp;P Global Market Intelligence, S&amp;P Global Ratings, S&amp;P Global Commodity Insights, S&amp;P Global Mobility, and S&amp;P Dow Jones Indices. For the most recent full financial year, S&amp;P Global reported annual revenue of USD 13.28 billion. S&amp;P Global's key products and services include: <ul> <li> Credit ratings and research through S&amp;P Global Ratings, the world's largest credit rating agency </li> <li> Financial data, analytics and research through S&amp;P Global Market Intelligence </li> <li> Commodity and energy market information and benchmark prices via S&amp;P Global Commodity Insights </li> <li> Automotive industry data and analytics from S&amp;P Global Mobility </li> <li> Financial market indices like the S&amp;P 500 through S&amp;P Dow Jones Indices </li> <li> Machine readable transcripts of earnings calls and other events </li> <li> Ownership data on institutional, mutual fund and insider equity holdings </li> <li> Pricing data on credit default swaps, fixed income, loans and OTC derivatives </li> </ul> In 2024, S&amp;P Global joined Project Guardian, an initiative led by the Monetary Authority of Singapore to enhance financial market efficiency through asset tokenization. The company is leveraging its analytical capabilities to support both traditional finance and decentralized finance clients as part of this project. S&amp;P Global also continues to develop its artificial intelligence and machine learning capabilities, with a focus on governance considerations around AI implementation. </div>

S&P Global Transforms S&P Capital IQ Pro Experience with the Launch of New Generative AI-Powered Capabilities

Providing AI-driven market intelligence and workflow automation to give firms an edge

Capital Markets Tech

Platforms that help financial market participants collect, manage, and use traditional and alternative data, derive market insights from news, and provide trade signals to make informed decisions.

Platforms that help institutions such as asset managers, investment banks, and hedge funds to develop platforms to trade and operate brokerage services for various financial assets and instruments such as stocks, fixed income securities, derivatives, commodities, and foreign currencies.

Companies that use blockchain technology to share and synchronize data and improve efficiency across the trading workflow and post-trade actions such as clearing and settlement.

Platforms that help companies meet anti-money laundering requirements and provide identity verification tools such as KYC checks.

These platforms provide services such as risk detection, regulatory compliance, risk management, risk intelligence, collateral management, internal processes management, and strengthening of internal controls.

Companies that use GenAI as a core part of their product offering for capital markets

Generated by sensors. Satellite imagery captures objects on the ground (e.g., cars in a parking lot and ships at a port), lights, pollution, and particulate matter in the air.

Generated by sensors. Collected by a variety of sensors and has many uses including agriculture and other commodities sensitive to the weather.

Generated by sensors. Data gathered from the GPS, Wi-Fi, or Bluetooth signals on mobile phones or other electronic devices, which can be used to track consumer movement such as high footfall areas, time spent at specific locations, and routes.

Generated by individuals. Includes website usage (e.g., time spent on a website, actions, and volume of queries), mobile app usage, social sentiment (based on social media posts, news, videos, and online interactions on social media), product reviews, and surveys.

Generated by individuals. E-receipts gathered from consumers on an opt-in basis provide data on user purchases and product demand. Data are anonymized and provided to corporations for targeted marketing.

Generated by businesses. Credit/debit card transaction and POS system data are structured and sought after and are used to track retail and business spending (e.g., sales volumes and prices).

Generated by businesses. Data sources used to assess consumers' creditworthiness such as income and employment information, consumer banking data, payments to specialty lenders, utilities payments, rental payments, and peer-to-peer lending records. Other data types include local prices, business banking records, commercial transactions (e.g., shipping container receipts), supply chain data, and government and corporation data.

Firms that acquire individual data streams and bundle them for sale to investors or structure/analyze the data to create data products for sale to investors.

Climate Risk Analytics

Forecasts weather for up to 14 days by using AI/ ML solutions

Forecasts weather for up to 14 days by using other next-generation solutions

Forecasts long-term climate risks (for up to ~50-80 years into the future) by using AI/ ML solutions

Forecasts long-term climate risks (for up to ~50-80 years into the future) by using other next-generation solutions

Provides long-term climate risk analytics to cover the gap in traditional insurance products

Provides climate risk scores for third-parties

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