Second Measure — Cyborg Score 8/10

Strong
Alternative data analytics

Strategic Profile

Investors use its tools for screening/sourcing, thesis validation/diligence, and intra-quarter KPI prediction, while consumer brands use these tools for competitive benchmarking and to make key decisions on product strategy, partnerships, and growth marketing. The world's largest investment firms and consumer brands use Bloomberg Second Measure's proprietary analytics for daily tracking of thousands of public and private companies.

Cyborg Score Rationale

Backed by tier-1 investors (Y Combinator, Goldman Sachs, Bessemer Venture Partners) with successful acquisition by Bloomberg in 2020. Strong market positioning in alternative data space with enterprise-scale customer base. Limited publicly available revenue/metrics as a Bloomberg subsidiary constrains full assessment.

Top Insights

  • Operates as a division of Bloomberg following December 2020 acquisition, positioning alternative data analytics within the world's largest financial information provider
  • Serves dual markets: investment community (hedge funds, PE, public equities) and consumer brands seeking competitive intelligence and real-time performance tracking
  • Transaction data analytics integrated into Bloomberg Terminal via new ALTD<GO> function, enabling institutional investor access to 10,000+ public and private companies
  • Founded in 2015 by Lillian Chou and Michael Babineau; raised $25.4M pre-acquisition from top-tier VCs across 4 funding rounds

Named Competitors

  • Circana — Consumer intelligence and data analytics
  • Tegus — Alternative data and market intelligence platform
  • Aumni — Due diligence and data analytics for investment firms

Recent Developments

  • (December 2020) Acquired by Bloomberg LP for nine-figure valuation; operates as Bloomberg Second Measure division
  • (February 2024) Launched ALTD<GO> Bloomberg Terminal function featuring Second Measure transaction data analytics for institutional investors
  • (February 2024) Published analysis showing meal delivery services sales grew 10% year-over-year, demonstrating ongoing thought leadership and product adoption

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