Apave Revenue, Valuation, Funding & Investors

Verisk is a leading data, analytics, and technology provider for property-casualty insurers. Verisk traces its history to Insurance Services Office, a nonprofit advisory organization founded in 1971 by US P&C insurers. ISO was formed as an association of insurance companies to assist with a variety of insurance use cases, such as reporting to regulators, defining policies, and determining independent premium rates. As the firm expanded its use cases, it became a for-profit company, renamed Verisk, and went public in 2009.Verisk’s single segment (insurance) provides underwriting solutions, including forms, rules, loss costs, and catastrophe modeling. For claims, Verisk’s solutions include property repair estimates and antifraud tools. About 83% of Verisk’s revenue is US-based.

Cardinal Operations is a Beijing-based analytics firm utilizing big data for decision optimization in complex environments. Through its platform at shanshu.ai, the company delivers end-to-end solutions from data ingestion via APIs to predictive modeling with machine learning algorithms, targeting e-commerce, finance, and manufacturing sectors. Cardinal Operations employs proprietary models for scenario simulation and action recommendations, processing petabytes of structured and unstructured data. Founded in 2016, it serves Chinese enterprises like Alibaba affiliates with tools for inventory forecasting and pricing strategies.

EcoVadis is a sustainability assessment platform rating business practices for global supply chains. Paris-headquartered since 2007, it evaluates suppliers on environment, labor, ethics, and sustainable procurement using standardized scorecards. EcoVadis serves clients like Google, Apple, and Renault, covering 200,000 companies across 175 countries with sector-specific benchmarks.

Pigment is a Paris-headquartered business planning platform processing real-time data from ERP, CRM, and HR systems for dynamic forecasting. Launched in 2019, it enables scenario modeling, financial consolidation, and workforce planning through gopigment.com for enterprises like Unilever and Merck.

Clarivate Plc is a British-American information services and analytics company, headquartered in Philadelphia and London, that sells subscription data, analytics and workflow software to academia, government, intellectual property owners and life sciences companies. It formed in 2016 when Thomson Reuters sold its Intellectual Property and Science division to Onex and Baring Private Equity Asia, and it listed on the NYSE in 2019 through a merger with Churchill Capital Corp. Its products include Web of Science, ProQuest, Ex Libris, Derwent, CompuMark and Cortellis. It acquired CPA Global, an IP management software and services provider with about $575 million of revenue and 12,000 customers, in an all-stock deal valued at about $6.8 billion that closed in October 2020. For 2025 revenue was $2.46 billion, 88% of it recurring, with a net loss of $201.1 million and adjusted EBITDA of $1.00 billion. In 2026 it agreed to sell its Life Sciences & Healthcare segment to Altaris for $600 million, leaving Academia & Government and Intellectual Property as its two segments. Matti Shem Tov has been chief executive since August 2024.

SMS Co Ltd is a Japanese company involved in providing various services targeting information infrastructure for the aging society. The company divides its search service by the following segments: nursing care, medical care, career, healthcare/senior life, and global.

Happiest Minds Technologies Ltd is an information technology (IT) company intended to deliver seamless customer experiences, business efficiency, and actionable insights to users. The company leverages a spectrum of disruptive technologies like artificial intelligence, blockchain, cloud, digital process automation, internet of things, robotics/drones, security, virtual/augmented reality, and more, enabling users in industry sectors like automotive, banking, financial services and insurance (BFSI), consumer packaged goods, e-commerce, edutech, engineering research and development (R&D), hi-tech, manufacturing, retail, and travel/transportation/hospitality to undergo digital transformation. Geographically, the company generates its key revenue from the United States of America.

MegazoneCloud is a South Korean cloud computing company and the first Korean partner of Amazon Web Services, offering managed cloud services, AI platforms such as AIR Studio, and consulting spanning cloud migration through AI-native transformation. Founded as a spin-off from Megazone Corporation in 2018, it serves thousands of corporate clients across South Korea, the United States, China, Japan, and other markets, with the US as a priority growth market. The company also provides cloud security services under its HALO brand.

Softcreate Holdings Corp is engaged in the provision of various e-commerce and integrated information technology (IT) solutions for its clients. The Group operates in the following reporting segments: EC Solutions Business and IT Solutions Business. Maximum revenue is derived from the EC Solutions Business, which delivers end-to-end e-commerce solutions, including the sale and customization of its ecbeing e-commerce platform, along with hosting services through its data center. This business also offers value-added services such as SEO optimization, digital marketing, and promotional support. The IT Solutions Business sells software products developed by the Group (such as X-point Cloud, AgileWorks, and L2Blocker), and also offers network construction services.

Aera Technology is a Decision Intelligence provider with its Aera Decision Cloud platform integrating enterprise data sources for real-time decision-making at scale. Mountain View-headquartered, the company serves global brands in retail, manufacturing, and logistics to optimize operations.

Ardoq is an Oslo-headquartered enterprise architecture platform enabling organizations to model IT landscapes, strategies, and capabilities. The software integrates live data from surveys, APIs, and spreadsheets to visualize interdependencies across applications, infrastructure, and business processes. Used by firms like Volkswagen and Telia, Ardoq supports agile transformation with dashboards and scenario planning tools, headquartered in Norway with offices in the US and UK.

Polaris Holdings Co Ltd is a Japan-based company. It has two business segments. The Real Estate segment is involved in the leasing, buying, selling, and development of real estate; The Hotel segment deals with hotel management, consulting, and franchising. Some of its hotels include Best Western Hotels, Value The Hotel, Kinuura Grand Hotel, and KOKO Hotels.

Avant Group Corp Develops, sells, and maintains software to help customers make timely and appropriate management decisions and promote management reforms based on a variety of information, both financial and non-financial, and provides software-based consulting and BPO services, thereby contributing to DX of Management.