Business

Gulp Data and Eagle Alpha partner-up to enable businesses to unlock the value of their data

Three quarters into the year, and increasingly businesses are facing challenges with access to financing due to rising interest rates, falling startup valuations, and the general economy.

More and more entrepreneurs are turning to a resource, previously unused, for raising capital — their data.

First adopted by alpha-seeking hedge funds over 10 years ago, alternative data today is something increasingly sought for use in the wider asset management space, among other areas.

Gulp Data, a pioneer in data-backed loans, and Eagle Alpha, a leader in alternative data solutions, are announcing this week a partnership to help businesses better monetize their data. 

According to a statement from the companies, the partnership will help more companies monetize their datasets and add data to the balance sheet as an asset.

Eagle Alpha CEO Niall Hurley

Said Eagle Alpha’s CEO Niall Hurley, “Through our partnership with Gulp Data, we look forward to further supporting corporates and SMEs by opening up access to our all-in-one platform – providing a secure and compliant way for investors to view new data sources and to reduce the friction points for corporates wishing to access the investment and financial services vertical.”

“Within the partnership, we wish to accelerate the journey from a corporate’s monetization decision to data access by leading buyers in the investment vertical,” added the executive.

Eagle Alpha, founded in 2012, was one of the first to recognize the value of alternative data sources. The enterprise has since been investing in educating and connecting alternative data vendors and buyers.

Gulp Data, started in 2021, was founded to bring data-backed lending to the mainstream and solidify data as a leverageable asset.

The company’s has a goal of lending more than $100M over the next year, and leverages proprietary machine learning to perform rapid data valuations and offer non-dilutive loans using copies of the borrowers’ data as collateral. 

Earlier this year Gulp Data secured $25 million to expand its lending capacity and bring data-backed lending to the mainstream with a $10 million credit facility. 

This article includes a client of an Espacio portfolio company

Sociable Team

Recent Posts

Club of Rome launches joint taskforce that would restrict your food, travel & ownership choices

The 'Materials and Consumption Taskforce' is an attempt to micro-manage all aspects of your life:…

4 days ago

As the tech talent shortage continues, Ness Digital Engineering nurtures its rising stars

Talent in the tech industry has long been a hot commodity. Yet in today's world,…

4 days ago

Prezent launches My Workspace to ensure AI-powered presentation software works as tool, not a burden

In an ideal scenario, professionals in 2025 should be able to leverage a personal suite…

5 days ago

NTT’s simultaneous Kabuki performance shows photonics connectivity is more than a song and dance

In a fusion of tradition and technology, Japanese tech firm NTT unveiled the capabilities of…

6 days ago

UN finalizes neurotech ethics draft, to be adopted at General Conference

The United Nations Educational, Scientific, and Cultural Organization (UNESCO) finalizes its "Recommendation on the Ethics…

2 weeks ago

Inside the Dead Internet Theory: Profits in a World Run by Bots

The dead internet theory is a conspiracy theory that goes: Most of the content we…

2 weeks ago