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Alternative Data

Deriving insights from uncommon data streams

Overview

Alternative data, commonly known as "big data" and also referred to as "data exhaust," are information gathered from non-traditional sources. Traditional data sources, and, consequently, alternative data sources, vary by industry. In the financial services industry, for example, traditional sources include financial statements, SEC filings, press releases, and company presentations. Alternative data sources include social media and sentiment data, web traffic and app usage data, credit/debit card transaction data, and geo-location, satellite, and weather data. 

Alternative data are usually voluminous and less structured than data from traditional sources; nevertheless, their value lies in their analysis, which can yield additional insights into an industry. Alternative data can be broadly categorized into data generated by individuals, data generated through business processes, and data generated by sensors.

Alternative data are used across multiple industries and may be accessed through in-house web scraping or through acquisition and third-party licensing from a data source provider. The BFSI (banking, financial services, and insurance) sector, which includes hedge funds, mutual funds, private equity funds, pension funds, unit trusts, and life insurance companies, dominates the alternative data market in terms of end user. The IT and telecommunications sector is another key market.

*Note: Currently, we do not actively cover this industry, but we have identified it as a potential industry to add to our coverage.

More details

Market Mapping


Incumbents
Growth
Early
Seed
Pre-Seed
Satellite data
?
Weather data
?
Geo-location/foot traffic data
?
Web/app/social media data
?
Email receipts
?
Credit and debit card transactions
?
Alternative credit data and other data types
?
Alternative data monetizers/aggregators
?
ExtractAlpha
ExtractAlpha
ExtractAlpha
ExtractAlpha
ExtractAlpha
ExtractAlpha
ExtractAlpha
ExtractAlpha
S&P Global
Spire Global
Planet Labs
ICEYE
UrtheCast
Ursa Space Systems
Descartes Labs
Sky Watch
RS Metrics
Rezatec
SpaceKnow
BlackSky Technology
Satellite Imaging Corporation
Monsanto (The Climate Corporation)
Aclima
Understory
Foursquare
GroundTruth (xAd)
Orbital Insight
Netgear
StreetLight Data
Cuebiq
AirSage
Geotab
Thasos
Advan Research Corporation
Oracle
comScore
Dataminr
YipitData
SimilarWeb
Meltwater
App Annie
CivicScience
Cignifi
Consumer Edge Insight
Thinknum
Wiser Solutions
Prosper Insights & Analytics
RavenPack
Sentifi
IRI
NielsenIQ
Ibotta
Affinity Solutions
Edison
Superfly Insights
Suburbia
Ripll
Bloomberg
MasterCard
Fiserv
Enigma Technologies
1010Data
TransUnion
CoStar Group
GeoLOGIC
Verisk
Dealogic
FactSet
Envestnet Yodlee
Accenture
Nasdaq
AlphaSense
Premise
Windward
Earnest Research
7Park Data
M Science
VisibleAlpha
Facteus
First Access
Vertical Knowledge
Eagle Alpha
Neudata
Qsight
DISCERN
BattleFin
PriceStats
ESG Analytics
ExtractAlpha

The Disruptors


Satellite data

?

Disruptors

?
Funding in USD Millions
Spire Global
Public - Market cap USD 151.1 mn
Planet Labs
574
ICEYE
313
UrtheCast
185
Descartes Labs
58
Ursa Space Systems
51
Sky Watch
28
RS Metrics
14
Rezatec
11
BlackSky Technology
Unknown
Satellite Imaging Corporation
Unknown
Watchlist
?
SpaceKnow

Weather data

?

Disruptors

?
Funding in USD Millions
Monsanto (The Climate Corporation)
109
Aclima
64
Understory
30

Geo-location/foot traffic data

?

Disruptors

?
Funding in USD Millions
Foursquare
390
GroundTruth (xAd)
135
Orbital Insight
129
Netgear
98
StreetLight Data
44
Cuebiq
33
AirSage
28
Thasos
Unknown
Advan Research Corporation
Unknown
Geotab
Unknown

Web/app/social media data

?

Disruptors

?
Funding in USD Millions
SimilarWeb
Public - Market cap USD 444.9 mn
Dataminr
1052
YipitData
492
Meltwater
235
App Annie
157
CivicScience
21
Cignifi
13
Thinknum
13
Consumer Edge Insight
Unknown
Prosper Insights & Analytics
Unknown
Watchlist
?
RavenPack
Wiser Solutions
Sentifi

Email receipts

?

Disruptors

?
Funding in USD Millions
Ibotta
93
Affinity Solutions
36
Watchlist
?
Edison
Superfly Insights
Suburbia
Ripll

Credit and debit card transactions

?

Disruptors

?
Funding in USD Millions
Enigma Technologies
130
1010Data
35

Alternative credit data and other data types

?

Alternative data monetizers/aggregators

?

Disruptors

?
Funding in USD Millions
AlphaSense
520
Premise
146
VisibleAlpha
38
Windward
32
Earnest Research
19
Facteus
10
DISCERN
Unknown
M Science
Unknown
BattleFin
Unknown
PriceStats
Unknown
Watchlist
?
First Access
7Park Data
Vertical Knowledge
Eagle Alpha
Neudata
Qsight
ESG Analytics
ExtractAlpha

Spire Global

Spire is a global provider of space-based data, analytics, and space services, offering access to unique datasets and powerful insights about Earth from the ultimate vantage point so that organizations can make decisions with confidence, accuracy, and speed. Spire uses one of the world’s largest multi-purpose satellite constellations to source hard to acquire, valuable data and enriches it with predictive solutions. Spire then provides this data as a subscription to organizations around the world so they can improve business operations, decrease their environmental footprint, deploy resources for growth and competitive advantage, and mitigate risk. Spire gives commercial and government organizations the competitive advantage they seek to innovate and solve some of the world’s toughest problems with insights from space.

Segment:
Satellite data
Total funding:
USD 677.7 million
Disruptor Funding History

Satellite data:

Spire Global
Planet Labs
ICEYE
UrtheCast
Descartes Labs
Ursa Space Systems
Sky Watch
RS Metrics
Rezatec
SpaceKnow

Weather data:

Monsanto (The Climate Corporation)
Aclima
Understory

Geo-location/foot traffic data:

Foursquare
GroundTruth (xAd)
Orbital Insight
Netgear
StreetLight Data
Cuebiq
AirSage

Notable Investors


No investor data is available

Funding data are powered by Crunchbase
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