Insight Partners is a global software investor that partners with growth-stage technology and software companies. Insight has a deep focus in Fintech, Cybersecurity, AI/ML, DevOps, and Healthcare sectors. Across their people and their portfolio, they encourage a culture around a core belief growth equals opportunity. As of December 31, 2022, the firm has over $75B in regulatory assets under management. Insight Partners has invested in more than 750 companies worldwide and has seen over 55 portfolio companies achieve an IPO.

Insight Partners

Five Arrows Growth Capita is a corporate private equity firm.

Five Arrows Growth Capita

Kpler

Kpler is a leading subscription-based data and analytics platform delivering real-time market intelligence for diverse commodities and their transportation. Since its inception in 2014, Kpler has helped shake up the industry by introducing the first cargo-tracking solution for the thriving LNG market. Today, its coverage spans over 40 markets, encompassing liquids, dry bulk, freight, and inventories. To bolster its offerings and propel growth, Kpler strategically pursued mergers and acquisitions, acquiring ClipperData (2021) and JBC Energy (2022), solidifying its position in the commodity and data sectors. Furthermore, the acquisition of Core-e (2022) enabled Kpler to enter the European power market. In 2023, Kpler made significant strides by acquiring two leading ship tracking and maritime analytics providers, MarineTraffic and FleetMon, to further establish its dominance in the global trade intelligence market. These strategic acquisitions open up new avenues for developing powerful data analytics solutions that deliver impressive results, presented in a simple and user-friendly manner to the market. Kpler currently employs more than 500 people across the world.

Kpler is a provider of real-time global commodity intelligence and analytics catering to a diverse range of industry professionals, including trading houses, oil and gas companies, vessel owners, international oil corporations, hedge funds, and banks. The company's proprietary technology employs a combination of artificial and human intelligence to gather data from disparate and unstructured sources, enabling market professionals to make informed and timely trading decisions.

Brussels-based Kpler ropes in $200 million to drive its acquisition spree

Kpler buys ship tracking data providers MarineTraffic and FleetMon

‎Kpler: Commodities Market Data

One Platform for Global Trade Intelligence

based Kpler secures €185M from Insight Partners, others

startupcareers

Deriving insights from uncommon data streams

Alternative Data

Kpler is a Belgium-based provider of data and analytics solutions focused on facilitating efficient and sustainable trade within physical commodities, the energy transition, and adjacent markets. The company collects data from numerous disparate and unstructured sources to create technology-led data, analytics, and insights, bringing transparency to dynamic markets characterized by opaque and incomplete information, such as commodity markets.

Bootstrapped since its foundation in 2014, Belgium-based Kpler secures €185M from Insight Partners, others

£38m London data analytics specialist acquires Vienna counterpart as new “best-in-class” service launches

Commodity firm Kpler gets US$200M funding boost

Fueling the future: Tech powering the oil and gas value chain

Oil & Gas Tech

Spire to Sell Maritime Business to Kpler in $241M Deal

Kpler is a provider of real-time global commodity intelligence and analytics catering to a diverse range of industry professionals, including trading houses, oil and gas companies, vessel owners, international oil corporations, hedge funds, and banks. The company's proprietary technology employs a combination of artificial and human intelligence to gather data from disparate and unstructured sources, enabling market professionals to make informed and timely trading decisions.
Kpler's offerings encompass a front-end terminal, a mobile app, and several APIs, designed to seamlessly integrate with clients' workflows and digital ecosystems. The platform provides real-time tracking information globally for vessels, cargo, commodity flow data, and more, delivering insights into global commodity shipping volumes and market players.
In April 2022, Kpler secured USD 200 million in equity funding from Five Arrows and Insight Partners, representing a minority stake. This marked the company's first external fundraising initiative since its establishment in 2014. The investment aimed to fuel Kpler's sustainable trade initiatives within physical commodities, the energy transition, and adjacent markets through organic and inorganic growth strategies, including acquisitions.
As of April 2022, Kpler reported an annual recurring revenue exceeding USD 40 million, having doubled in the preceding 18 months. The company has pursued an aggressive acquisition strategy, acquiring rival firms such as ClipperData and JBC Energy in September 2022. In February 2023, Kpler acquired global ship-tracking data and maritime analytics companies MarineTraffic and FleetMon to enhance its maritime offerings.

Neudata is a leading fintech firm that provides data intelligence services to asset managers, private equity firms, venture capitalists, consultancies, and corporations globally. It specializes in scouting, sourcing, and evaluating alternative datasets across various industries and domains. Neudata's core offering is a software-as-a-service (SaaS) platform that houses a catalogue of over 6,900 dataset reports, enabling users to search, manage, and compare data sources effectively.
The company's strength lies in its unbiased and objective approach to data assessment, as it does not buy, sell, or take commissions from data vendors. Instead, Neudata evaluates datasets based on over 100 unique factors and delivers metadata reports and advice to clients for a fee. This neutral stance ensures that clients receive tailored intelligence aligned with their specific strategies and goals.
In addition to its SaaS platform, Neudata provides expert insights through its team of data scouting professionals based in London, New York, and Shanghai. The company also offers a service called AltDating, which facilitates connections between data buyers and sellers, streamlining the process of finding and acquiring relevant datasets.
Neudata has expanded its offerings to include specialized products like Neudata Scout ESG, launched in February 2022. This tool helps organizations identify and manage alternative data sources related to environmental, social, and governance (ESG) factors, enabling them to comply with regulations and build their own ESG evaluation models.
The company has established itself as a prominent player in the alternative data ecosystem, hosting influential events like the London Data Summit, where industry leaders gather to explore the past, present, and future of data. Neudata's commitment to innovation and its collaborative approach have positioned it as a trusted partner for firms seeking to unlock the value of alternative data.

Neudata

Orbital Insight is a leading geospatial intelligence company that provides AI-powered analytics solutions to help organizations gain insights and understand trends from geospatial data. The company's flagship product, the Orbital Insight Go platform, combines multiple data sources such as satellite imagery, anonymized location data, ship GPS, and IoT data to deliver actionable insights through machine learning algorithms. Orbital Insight's technology enables customers across various industries, including government agencies, corporations, and non-profits, to monitor supply chains, analyze land use patterns, detect illegal activities, and make data-driven decisions.
In February 2022, Orbital Insight secured a contract from the US Department of Defense to develop a platform for identifying intentional Global Navigation Satellite Systems (GNSS) interference and manipulation operations worldwide. This technology leverages the company's multisensor data stack and AI capabilities to alert analysts about potential jamming and spoofing events, presenting risks to national security and commercial operations.
Orbital Insight has established partnerships with leading Earth observation companies like Satellogic to enhance its data capabilities. In April 2022, the company announced plans to integrate Satellogic's high-resolution satellite imagery and full-motion video into its platform, providing customers with access to higher quality data, improved revisit rates, and lower-cost analytics.

Orbital Insight

<div>
 
 Planet is a startup based in San Francisco and founded by former NASA employees that collects information about its changing planet via a fleet of compact, highly capable Earth-imaging satellites. The broad coverage and high frequency of Planet's satellite imagery will enable customers with unprecedented access to global and local insights that currently are either impossible or cost-prohibitive to obtain. It designs, builds, and operates the largest fleet of satellites, as well as online software, tools, and analytics needed to deliver data to users. Planet offers a diverse selection of imagery and analytic solutions, all made available online through our platform and web-based tools. They provide geospatial insights at the speed of change, equipping users with the data necessary to make informed, timely decisions. In addition to California, Planet has offices in Germany and Canada where they deliver market-leading geospatial imagery to a global network of customers and partners in over 100 countries. The Planet's mission is to image the entire Earth every day and make global change visible, accessible, and actionable.
 
</div>

Planet Labs

Premise is a market intelligence platform that enables organizations to obtain real-time, granular insights from a global network of contributors. By blending machine learning with human intelligence, the company's proprietary methodology allows clients to gather and analyze local insights quickly and efficiently from almost anywhere in the world.
Premise transforms client questions into tasks distributed through its mobile app marketplace. Contributors perform these tasks, capturing data through images, surveys, or on-site observations. The collected data undergoes rigorous quality control, including location verification, image analysis, and fraud detection algorithms, ensuring accuracy and reliability. Verified insights are then presented to clients through customized dashboards or exported in various formats for integration into existing systems.
Premise caters to diverse industries, including consumer goods companies, international development organizations, and public sector entities. Its solutions provide actionable intelligence for execution monitoring, consumer behavior analysis, community understanding, and supply chain optimization. With a global reach spanning over 140 countries, the company facilitates data collection from even the most challenging regions.
Premise distinguishes itself through rapid insights gathering, unparalleled data granularity, and stringent quality assurance measures. As of 2024, the company recorded over 25 million submissions per year, garnering trust from industry leaders.

Premise

PriceStats is a company that specializes in transforming data into meaningful tools for economic analysis. The company's primary focus is on developing global, real-time economic statistics using online data. PriceStats produces daily inflation statistics and Purchasing Power Parity (PPP) series, which are utilized by various financial institutions and policymakers worldwide. The company's technology leverages online retail prices to reveal offline street price changes, often weeks before official numbers reflect inflation trends. This approach allows for more timely and accurate economic insights, potentially enabling policymakers to better prepare for economic fluctuations.
PriceStats has continuously expanded its product offerings since its inception in September 2010. The company has developed inflation series for numerous countries, including the US, UK, Brazil, Germany, France, Canada, Mexico, Poland, and China, among others. In addition to country-specific inflation indices, PriceStats also produces global inflation series, including World Inflation, Food Inflation, and Fuel Inflation series. The company launched its PPP Series in May 2014, providing charts on real exchange rates, relative prices, and over/undervaluation for various countries compared to the US dollar. In January 2024, PriceStats released the China Aggregate Inflation Series, further expanding its coverage of major economies.
Key customers and partnerships
PriceStats distributes its daily inflation statistics and PPP series through an exclusive partnership with State Street Global Markets and State Street Global Exchange. This partnership, established in May 2011, brings PriceStats' indices to the financial sector. Target clients include hedge funds, pension funds, sovereign wealth funds, and other financial institutions interested in accessing high-frequency inflation and PPP measures. State Street provides access to these indices through its proprietary research website, Insights.
In addition to its commercial partnerships, PriceStats has demonstrated a commitment to social responsibility. Since early 2020, the company has provided its indicators for free to 16 central banks worldwide to help navigate the economic effects of the Covid-19 pandemic. In May 2022, PriceStats began distributing its Global Food Inflation series to the public on a complimentary basis through its partnership with State Street, aiming to assist policymakers in addressing rapidly rising food prices and supply shortages driven by global events. The company has also collaborated with statistical offices, offering item-level data free of charge to institutions such as the UK Office for National Statistics and the Central Statistics Office of Ireland during the Covid-19 pandemic.

PriceStats

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.

Alternative data personalizes products/services by leveraging geolocation, social media, and transaction data for businesses

Kpler is a Belgium-based provider of data and analytics solutions focused on facilitating efficient and sustainable trade within physical commodities, the energy transition, and adjacent markets. The company collects data from numerous disparate and unstructured sources to create technology-led data, analytics, and insights, bringing transparency to dynamic markets characterized by opaque and incomplete information, such as commodity markets.
Kpler's offerings include real-time power market insights, renewable fuel data, maritime intelligence solutions for tracking global freight trends, container movements, and fleet operations optimization. Additionally, the company provides key fundamentals data across crude oil, refined products, chemicals, and dry bulk markets to offer clarity in physical commodity trading.
Kpler employs proprietary data processing capabilities and agile technology solutions to deliver actionable intelligence, enabling market professionals to make informed and timely trading decisions. As of April 2022, the company reported an Annual Recurring Revenue (ARR) exceeding USD 40 million, which had doubled in the preceding 18 months. Kpler aims to reach an ARR of USD 300 million in the next few years.
In 2023, Kpler acquired ship tracking data providers MarineTraffic and FleetMon to enhance its maritime intelligence offerings by combining their capabilities. Earlier, in September 2021, the company acquired rival ClipperData and consultant JBC Energy to consolidate its analysis, forecasting, and news coverage of commodity markets.

2DA is a company that offers a product called Bayzyen to optimize the petroleum liquids supply chain. The company aims to address the challenges faced by companies in accurately tracking and valuing their inventories of crude and refined products, both in transit and in terminals.
The traditional approach to scheduling and tracking these commodities has been hindered by disparate systems, differing transaction views, and a lack of integration across various platforms such as pipeline bulletin boards, enterprise resource planning (ERP) systems, energy trading and risk management (ETRM) systems, spreadsheets, and production tracking tools. This has made it difficult for companies to obtain a clear and timely view of their physical positions, hampering their ability to optimize operations and trading activities.
Recognizing these difficulties, 2DA developed Bayzyen to improve the value of available data in the energy space. The product likely leverages advanced analytics and data integration capabilities to provide companies with a unified and real-time view of their inventories, enabling more efficient scheduling, tracking, and optimization of their petroleum liquids supply chain operations.
Key customers and partnerships
The sources provided do not contain explicit information about 2DA's key customers, user statistics, or notable partnerships. Therefore, this section cannot be included due to a lack of relevant details.

2DA Analytics

Axon4D Technologies is a technology and services company focused on providing monitoring solutions for large external floating roof (EFR) and internal floating roof (IFR) storage tanks. The company deploys a patented Fiber Optic Sensing System (FOSS) around these tanks to enable near real-time monitoring of various operational parameters.
Axon4D's key product offerings include floating roof level and tilt monitoring coupled with tank fill level tracking to pinpoint potential asset integrity issues. The system also provides wet sensing capabilities to detect presence of water or hydrocarbons in the annular pontoons of floating roofs. Additionally, it can sense ponding on the tank roofs. The data is presented through a secure web portal accessible from any device.
By providing real-time insights, Axon4D's technology aims to drive operational excellence through improved asset integrity monitoring, reduced operational costs of up to 30%, decreased risk via better monitoring, reduced emissions and downtime, and enabling more predictive maintenance. In comparison to traditional point-in-time visual inspections, the company's continuous monitoring approach can provide 85% reduced field time requirements.
As of August 2017, the company highlighted specific benefits such as enabling near real-time data collection, continuous monitoring, proactive issue identification before problems arise, and automated settlement checks at any time through its proprietary API and EPA-oriented structural monitoring technology.

Axon4D Technologies

Beyond Limits is an American company founded in 2014 that specializes in providing cutting-edge artificial intelligence (AI) solutions. The company's proprietary Hybrid AI technology combines traditional numeric AI tools like machine learning and neural networks with symbolic AI techniques, enabling human-like reasoning and overcoming the limitations of conventional AI solutions.
Beyond Limits' AI models are trained on extensive datasets and industry expert knowledge to deliver in-depth insights, sophisticated explanations, and recommendations that mimic human cognitive processes. This groundbreaking technology helps businesses across industries such as oil & gas, manufacturing, energy, utilities, and healthcare to foresee potential problems, diagnose issues, and recommend effective solutions.
Unlike traditional data analysis methods, Beyond Limits' technology interprets data in context, offering nuanced, reliable, and actionable insights. This innovative approach empowers businesses with a new breed of AI-driven solutions. In March 2022, Beyond Limits acquired Altec Products, Inc., a leading provider of integrated document management and workflow solutions, to accelerate product growth and drive digital transformation.
Key customers and partnerships
Beyond Limits has established strategic partnerships and integrations focused on digital transformation and AI-readiness across key sectors worldwide. In the Asia Pacific region, the company formed a collaboration with Infosys Compaz to offer its Cognitive AI solutions alongside Infosys Compaz's digital services to over 2,000 customers. Additionally, Beyond Limits signed a Memorandum of Understanding with Kaplan Higher Education Institute to promote AI and data science talent development in Singapore.

Beyond Limits

CorrosionRADAR designed and supplied the world's longest range Corrosion Under Insulation (CUI) monitoring technology in 2022 for pipelines, refineries, and other applications. The patented system enabled the transition from manual inspections to automated monitoring and from reactive to predictive corrosion management. Earlier detection aided in corrosion prevention, lowering costs and risks. The technology continuously monitored, detected, and localized corrosion and moisture under any insulation type, even in inaccessible and inhospitable locations. It was compatible with assets having complex geometries and operating in extreme temperatures.
Key customers and partnerships
In February 2023, CorrosionRADAR announced a technology collaboration with Antea, a global leader in risk-based asset integrity management (AIM) software with 3D digital twin capabilities. The partnership integrated CorrosionRADAR's real-time corrosion monitoring technology with Antea's AIM and inspection data management software (IDMS) with risk-based inspection (RBI) capabilities. This enabled predictive corrosion management for operators in the process and oil and gas industries, reducing inspection and maintenance costs by up to 65%, decreasing the likelihood of unplanned shutdowns, and significantly increasing the efficacy of inspection plans. Additionally, Antea's contextualized digital twin visualizations allowed operators to remotely monitor the external corrosion status of their assets in near real-time.

CorrosionRADAR

Cortex is a company that provides a blockchain-enabled platform to facilitate secure and transparent data sharing among internet of Things (IoT) devices and network partners across industries. The company's core offering is a decentralized ledger system that enables permissioned network members to exchange IoT data without the need for central control or management. This approach eliminates the risks of data tampering, fraud, and cyber-crime, while ensuring the highest levels of security, performance, and stability.
Cortex's platform leverages blockchain technology to store an immutable and transparent record of all data transactions, allowing network participants to collaborate with confidence. The company's solution aims to reduce the time, cost, and risks associated with managing sensitive information by providing an auditable trail for regulatory compliance, contract management, identity management, and citizen services.
Cortex's business model revolves around enabling enterprises to unlock new value streams by monetizing IoT data securely and transparently within their partner ecosystems. The company's mission is to disrupt industries globally by rewriting the rules and changing the way the world works through the adoption of its blockchain-enabled data-sharing platform.
In November 2023, Arm introduced the Cortex-M52, a new microcontroller core featuring Arm Helium technology designed to bring AI capabilities to smaller and lower-cost IoT devices than what is possible with SoCs based on the Arm Cortex-M55 core. The Cortex-M52 provides a simplified migration path from previous Arm Cortex-M generations for applications in sectors like automotive, industrial control, predictive maintenance, and wearable sensor fusion.
Key customers and partnerships
In November 2022, Cortex partnered with Alcatel Lucent Enterprise to develop an innovative digital workplace using the latter's teleconferencing solution, Rainbow, as a backbone. The partnership aimed to create an open, versatile, inclusive, scalable, and privacy-aware extended reality (XR) framework for remote cooperation, facilitating activities involving physical interaction with remote objects.

Cortex

Hardware and software solutions leveraging robotics, AI, sensors, Big Data, and drones to automate and enhance the oil and gas field exploration, extraction, and drilling processes.

Platforms for monitoring pipeline networks, oil and gas wells, and storage tanks, utilizing AI, sensors, and aerial imagery for data-driven decision-making and optimization.

Solutions utilizing advanced analytics and real-time data to predict operational outcomes, optimize schedules, and deploy predictive maintenance strategies to improve operational efficiency and minimize cost.

Solutions that use technologies like quantum sensing and electromagnetic tech for the detection and containment of gas leaks and oil spills, ensuring environmental protection.

Solutions specializing in safely storing and transporting oil and gas through the use of camera systems, sensor technology, AUVs, and ROVs, with a focus on inspection, explosion risk detection, and efficient delivery.

Operators of marketplaces that connect players across the oil and gas industry, facilitating trading, price tracking, and the buying, selling, and leasing of oil rights.

AI, IoT, and Big Data used to remotely operate fields and manage them

Robots used to remotely operate fields and manage them

Building digital twins to monitor and manage oil rigs (a limited number of companies such as IBM)

Platforms and solutions to develop sustainable processes across the oil and gas value chain

Supply chain transparency with regard to the distribution of oil and gas

Technology providers that enhance satellite operations

Next-gen Satellites

<div>
 A space-based data provider, Spire Global, has sold its commercial ship-tracking division and maritime contracts to Kpler, a Belgian analytics firm. The deal is valued at USD 241 million, including USD 7.5 million allocated for services over the next year.
 Kpler is a company that specializes in maritime analytics. Through the use of space and terrestrial sensors, they track automatic identification system (AIS) transponders on passenger ships and ocean vessels. This purchase is expected to further bolster its capabilities in maritime analytics.
 Spire Global plans to maintain possession of its satellites, technology, infrastructure, and US government maritime customers. The revenue generated from the sale will be used to mitigate its USD 100 million debt and to fund investments in various sectors such as weather, aviation, radio frequency geolocation, and space services markets.
</div>

Kpler

Sources

About EDGE

Contact Us

Resources

Area of Focus

Technology Research Made Effortless