BHI 3.1·Bulletin
Validation: preliminary
Today's bulletin →
Highest B
Group
§ 03 · RANKINGS · 184 PLATFORMS

Rankings

Every platform in the BHI universe, scored on the same eleven-parameter rubric. Click any row for the full decomposition.

Universe construction: Top 184 platforms by economic relevance, drawn from 18 sectors. Methodology · §6
Ecosystem groups38 of 184 platforms belong to 12 parent groups, defined by operational control of one parent entity — not shareholder overlap. Each platform keeps its individual B-score; no aggregate group score is computed — member scores are never combined into a group composite; the member mean shown per group is a descriptive statistic of the members, not a measurement of the group. Whether ecosystem-level dependence can be measured at all without conflating what members share is an open research track. All member scores are single-evaluator (see Validation). Each group also carries selected unscored entities — a curated selection by materiality, not an exhaustive subsidiary list; they carry no B and enter no computation, and are listed in the table under each map (on wide screens the map plots them as well). Nesting under a parent is the index’s own grouping throughout and every such row is marked: filings list entities and jurisdictions but rarely state which brand sits under which unit, and two attempts to certify nesting mechanically were broken by adversarial review. Entity names, roles and every figure remain source-linked and machine-checked. The remaining 146 platforms are single-entity in this universe.
§ 01 / 12 · 6 platforms · max B = 6.41 · member mean = 4.55 (descriptive, not a group score)

Microsoft

Microsoft, Microsoft Copilot (M365), GitHub, Microsoft 365, LinkedIn, Xbox/Game Pass
#PlatformSectorTickerMkt capCaptureEscapeBZone
01MicrosoftBig Tech & SemiconductorsMSFT$3.04T2.170.346.41BLACK HOLE
02Microsoft Copilot (M365)AI PlatformsMSFT$3.04T (Microsoft)1.920.375.23BLACK HOLE
03GitHubSaaS & CloudPrivate (MSFT)$30B+2.090.434.90BLACK HOLE
04Microsoft 365SaaS & CloudMSFT(Microsoft)1.980.424.73BLACK HOLE
05LinkedInSocial MediaMSFT(Microsoft)1.090.303.70BLACK HOLE
06Xbox/Game PassGaming & EntertainmentMSFT subN/A1.260.542.34EVENT HORIZON
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Group network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
AzureCloud infrastructure (Intelligent Cloud segment)division——
WindowsDesktop operating systemdivision——
Dynamics 365Enterprise ERP/CRMdivision——
Bing / Microsoft Advertising as cited: BingSearch and advertisingdivision——
SurfaceFirst-party devicesdivision——
Microsoft Gaming (XBOX) as cited: XboxGames umbrella — FY2026 segment name "XBOX (formerly Gaming)"division——
Activision Blizzard [2]Game publisher (Call of Duty, Warcraft, King)subsidiaryMicrosoft Gaming (XBOX) · index groupingcompleted October 2023 (FY2026 10-K); in Exhibit 21
ZeniMax / Bethesda as cited: BethesdaGame studios (Elder Scrolls, Fallout, DOOM)subsidiaryMicrosoft Gaming (XBOX) · index grouping—
Mojang (Minecraft)Game studiosubsidiaryMicrosoft Gaming (XBOX) · index grouping2014
Nuance [2]Healthcare and speech AI (Dragon)subsidiary—$19.7B enterprise value (April 2021 announcement); completed 2022
Teams is a component of Microsoft 365 (scored). Skype retired 5 May 2025. [source]
HoloLens 2 manufacturing ended in 2024; support continues to 2028. [source]
The FY2026 Exhibit 21 lists only significant subsidiaries — SEC rules allow the rest to be omitted — so the operating network above is drawn from the 10-K segment text. [source]
§ 02 / 12 · 6 platforms · max B = 5.73 · member mean = 3.84 (descriptive, not a group score)

Alphabet

YouTube, Alphabet/Google, Google Play, Google Gemini, Waymo, Google Workspace
#PlatformSectorTickerMkt capCaptureEscapeBZone
01YouTubeSocial MediaGOOG$3.62T (Alphabet)1.960.345.73BLACK HOLE
02Alphabet/GoogleBig Tech & SemiconductorsGOOG$3.62T2.030.444.62BLACK HOLE
03Google PlayGaming & EntertainmentGOOG(Alphabet)1.570.403.94BLACK HOLE
04Google GeminiAI PlatformsGOOG$3.62T (Alphabet)1.700.533.22BLACK HOLE
05WaymoAutomotive & MobilityPrivate (GOOG)$45B+1.190.422.84BLACK HOLE
06Google WorkspaceSaaS & CloudGOOG(Alphabet)1.370.512.68BLACK HOLE
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Group network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Google CloudCloud segment (GCP + Workspace)division——
WizCloud security (CNAPP)subsidiaryGoogle Cloud · index grouping$29.5B, closed 2026-03-11 (Q2-2026 10-Q)
MandiantThreat intelligencesubsidiaryGoogle Cloud · index grouping—
AndroidMobile operating systemdivision——
ChromeBrowserdivision——
Google Ads / Ad Manager as cited: Google AdsAdvertising stackdivision——
Google DeepMind [2]AI research (builds Gemini)subsidiary——
Pixel / Devices as cited: PixelHardware line (Pixel devices)division——
FitbitWearablesbrandPixel / Devices · index groupingcompleted 2021
Other BetsWaymo, Verily, Wing, Calico, X, Isomorphic Labsdivision——
WingDrone deliverysubsidiaryOther Bets · index grouping—
VerilyPrecision healthmajority stakeOther Bets · index groupingOther Bet with outside investors
GV and CapitalG are investment arms — portfolio companies are not group members. [source]
The Exhibit 21 is remarkably short: Google LLC and a pair of holding shells. [source]
§ 03 / 12 · 4 platforms · max B = 5.22 · member mean = 4.37 (descriptive, not a group score)

Meta

Meta, WhatsApp, Facebook, Instagram
#PlatformSectorTickerMkt capCaptureEscapeBZone
01MetaBig Tech & SemiconductorsMETA$1.50T2.030.395.22BLACK HOLE
02WhatsAppSocial MediaMETA(Meta)1.630.334.98BLACK HOLE
03FacebookSocial MediaMETA$1.50T (Meta)1.640.394.19BLACK HOLE
04InstagramSocial MediaMETA(Meta)1.380.453.07BLACK HOLE
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Group network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
MessengerMessaging (official Family-of-Apps product)division——
ThreadsPublic text conversations (own FoA product, not under Instagram)division——
Meta AIAssistant across apps (own FoA product)division——
Meta Superintelligence LabsAI organisation (founded June 2025; Llama)division——
LlamaOpen-weight LLM familyproductMeta Superintelligence Labs · index grouping—
Reality LabsVR/AR segment (Quest, Horizon, smart glasses)division——
Meta Payments Inc.Payments infrastructuresubsidiary—in Exhibit 21
Ray-Ban Meta glasses: a partnership with EssilorLuxottica, in which Meta took a reported minority stake (2025) — not control. [source]
Scale AI: $13.8B minority investment; Meta states it does not have significant influence (FY2025 10-K). [source]
Kustomer operates independently of Meta (investor-backed; zero Meta mentions in its FY2025 10-K or on its own site). [source]
Workplace closed May 2026. [source]
§ 04 / 12 · 3 platforms · max B = 8.40 · member mean = 7.67 (descriptive, not a group score)

Amazon

Amazon, Amazon Marketplace, AWS
#PlatformSectorTickerMkt capCaptureEscapeBZone
01AmazonBig Tech & SemiconductorsAMZN$2.34T2.590.318.40BLACK HOLE
02Amazon MarketplaceE-CommerceAMZN$2.34T2.410.317.77BLACK HOLE
03AWSSaaS & CloudAMZN(Amazon)2.240.336.85BLACK HOLE
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Group network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Prime VideoStreamingdivision——
MGMFilm and television studiossubsidiary—agreement May 2021 at a purchase price of $8.45B
TwitchLive streamingsubsidiary—2014
Devices (Echo/Alexa, Fire, Kindle)Consumer devices linedivision——
RingHome securitybrandDevices (Echo/Alexa, Fire, Kindle) · index groupingnamed in the 10-K devices line
BlinkSecurity camerasbrandDevices (Echo/Alexa, Fire, Kindle) · index grouping—
eeroMesh wifibrandDevices (Echo/Alexa, Fire, Kindle) · index grouping—
Whole Foods MarketGrocerysubsidiary—2017
AudibleAudiobookssubsidiary——
ZapposFootwear e-commercesubsidiary—acquired 2009
Goodreads / IMDb as cited: GoodreadsBooks and film communitiessubsidiary——
Amazon LeoSatellite broadband (renamed from Project Kuiper)subsidiary——
ZooxRobotaxisubsidiary—2020
One Medical / Amazon Pharmacy as cited: One MedicalHealthcaresubsidiary—One Medical 2023
Annapurna LabsCustom AWS silicon (Graviton, Trainium)subsidiaryAWS · index grouping2015
Anthropic: convertible-note investments including $2.7B invested in 2025, partly converted to nonvoting preferred stock (FY2025 10-K) — a minority position, not control, and not a member. Amazon discloses no cumulative total. [source]
The Exhibit 21 is short, naming only a handful of entities. [source]
§ 05 / 12 · 3 platforms · max B = 8.20 · member mean = 7.01 (descriptive, not a group score)

Oracle

Oracle Health (Cerner), Oracle Database, NetSuite
#PlatformSectorTickerMkt capCaptureEscapeBZone
01Oracle Health (Cerner)Healthcare Information SystemsORCL subN/A1.760.218.20BLACK HOLE
02Oracle DatabaseSaaS & CloudORCL$450B1.990.287.01BLACK HOLE
03NetSuiteSaaS & CloudORCL subN/A1.780.315.81BLACK HOLE
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Group network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Oracle Cloud Infrastructure as cited: cloud infraHyperscale clouddivision—IaaS revenue $18.1B, +77% (FY2026)
JavaLanguage stewardshipdivision——
MySQLOpen-source RDBMSdivision——
Fusion Cloud Applications as cited: Fusion CloudCloud ERP/HCM/SCMdivision——
E-Business Suite / PeopleSoft / JD Edwards / Siebel as cited: E-Business SuiteLegacy enterprise applicationsdivision——
Oracle Financial Services SoftwareBanking software (FLEXCUBE), NSE-listedmajority stake—majority shareholder (FY2026 10-K)
Construction & Engineering (Primavera, Aconex) as cited: PrimaveraProject softwaredivision——
Hospitality (OPERA, Simphony)POS for hotels/retaildivision——
TikTok US JV: an equity-method investee in which Oracle holds a 15% ownership interest (FY2026 10-K) — a minority stake, not control of TikTok. [source]
Oracle Advertising (Moat/Datalogix/BlueKai) shut down 2024. [source]
The Exhibit 21 is short and mostly holding shells. [source]
§ 06 / 12 · 3 platforms · max B = 5.26 · member mean = 4.76 (descriptive, not a group score)

Apple

Apple App Store, Apple, Apple Intelligence
#PlatformSectorTickerMkt capCaptureEscapeBZone
01Apple App StoreGaming & EntertainmentAAPL(Apple)1.780.345.26BLACK HOLE
02AppleBig Tech & SemiconductorsAAPL$3.81T1.910.414.60BLACK HOLE
03Apple IntelligenceAI PlatformsAAPL$3.4T (Apple)1.500.344.43BLACK HOLE
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Group network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
ServicesServices reporting categorydivision——
App StoreApp distribution — scored separatelydivisionServices · index grouping—
iCloudCloud storage and syncdivisionServices · index grouping—
Apple Music / TV / Arcade / Fitness+ as cited: Apple MusicMedia subscriptionsdivisionServices · index grouping—
Apple Pay / Card / Cash as cited: Apple PayPaymentsdivisionServices · index grouping—
Apple siliconIn-house chip design (A/M/S/C-series)division—used across the Mac line
BeatsAudio hardwarebrand—$3B, 2014
ShazamMusic recognitionbrand—2018
ClarisFileMaker low-code ("an Apple company")subsidiary——
Braeburn CapitalNevada asset managementsubsidiary—in Exhibit 21
The Exhibit 21 is mostly per-country distribution and holding structures; Apple reports geographic segments only. [source]
§ 07 / 12 · 3 platforms · max B = 2.92 · member mean = 2.00 (descriptive, not a group score)

SpaceX

Cursor (Anysphere), Grok (xAI), X (Twitter)
#PlatformSectorTickerMkt capCaptureEscapeBZone
01Cursor (Anysphere)AI PlatformsPrivate$1.75T (SpaceX)1.390.482.92BLACK HOLE
02Grok (xAI)AI PlatformsPrivate$1.75T (SpaceX)1.140.641.78EVENT HORIZON
03X (Twitter)Social MediaPrivate$1.75T (SpaceX)0.760.591.29TRANSITION
Musk UBO contour: Tesla shares the same principal owner but neither company holds equity in the other (SEC filings list Tesla, Boring Company and Neuralink as related parties only). [source]
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Group network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Space (segment)Falcon, Starship, Dragon programmesdivision——
Connectivity (segment)Starlink and Starshielddivision——
StarlinkLEO broadbandbrandConnectivity (segment) · index grouping13.6M consumer subscribers (September 2026); $11.4B revenue (2025)
Starshield [2]National-security satellitesproductConnectivity (segment) · index grouping—
SpaceX Services Inc.Satellite services entitysubsidiarySpace (segment) · index groupingin Exhibit 21
AI (segment)Filed segment name — "SpaceXAI" is press shorthand onlydivision——
X.AI LLCxAI operating companysubsidiaryAI (segment) · index groupingin Exhibit 21
X Corp.Operates the X platformsubsidiaryAI (segment) · index groupingin Exhibit 21
Colossus (CTC Property) as cited: CTC PropertyMemphis AI training clusterssubsidiaryAI (segment) · index groupingCTC Property LLC in Exhibit 21
X MoneyPayments inside X (launched Jul 2026)productX Corp. · index grouping—
TeslaScored separately in this universe — a separate public company; SEC filings list Tesla/Boring/Neuralink as related parties only; announced JVs are not consolidationUBO——
Public umbrella: Space Exploration Technologies Corp. (Nasdaq: SPCX; IPO June 2026; segments Space / Connectivity / AI). Cursor (scored) wholly owned since 2026-08-14 per 8-K. [source]
The Exhibit 21 lists four significant subsidiaries, and all of them are shown above. [source]
§ 08 / 12 · 2 platforms · max B = 6.89 · member mean = 6.68 (descriptive, not a group score)

RELX

Elsevier/Scopus, LexisNexis
#PlatformSectorTickerMkt capCaptureEscapeBZone
01Elsevier/ScopusEducation, Research & Professional InformationREL.L$80B (RELX)1.840.276.89BLACK HOLE
02LexisNexisEducation, Research & Professional InformationREL.L subN/A1.850.296.46BLACK HOLE
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Group network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
LexisNexis Risk Solutions [2] as cited: RiskRisk and identity analytics divisiondivision—£3,485M revenue (FY2025)
ThreatMetrixDigital identity networksubsidiaryLexisNexis Risk Solutions · index grouping—
ICISCommodities intelligencebrandLexisNexis Risk Solutions · index grouping—
CiriumAviation analyticsbrandLexisNexis Risk Solutions · index grouping—
RX (Reed Exhibitions) [2] as cited: ExhibitionsTrade exhibitionsdivision—£1,186M revenue (FY2025)
SSRNPreprint repositorybrandElsevier/Scopus · index groupingElsevier-owned since 2016
Mendeley / ScienceDirect / The Lancet / Cell Press as cited: ScienceDirectResearch platforms and imprintsbrandElsevier/Scopus · index grouping—
Law360 / Lex Machina as cited: Lex MachinaLegal news and litigation analyticsbrandLexisNexis · index grouping—
RX ran 274 face-to-face events across 25 countries in 2025. [source]
Scored "LexisNexis" = the Legal division; Risk is a separate division and the largest of the four by revenue in FY2025, at £3,485M. [source]
Note 28 of the FY2025 accounts lists some two hundred related undertakings, the large majority country holding or finance entities. [source]
§ 09 / 12 · 2 platforms · max B = 4.97 · member mean = 4.18 (descriptive, not a group score)

Deutsche Telekom

Deutsche Telekom, T-Mobile US
#PlatformSectorTickerMkt capCaptureEscapeBZone
01Deutsche TelekomTelecom & ConnectivityDTE.DE$180B+1.710.344.97BLACK HOLE
02T-Mobile USTelecom & ConnectivityTMUS$215B1.380.413.38BLACK HOLE
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Group network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Telekom DeutschlandGerman fixed + mobile operatorsubsidiary—100%
congstarGerman discount mobile brandbrandTelekom Deutschland · index groupingseven million customers reached (2025)
T-Systems [2]Enterprise IT servicessubsidiary—Systems Solutions segment revenue €4.1B (2025) · 100% (principal-subsidiaries note)
Magenta Telekom (Austria) as cited: T-Mobile Austria HoldingAustrian operatorsubsidiary—100% (AR 2025; entity: T-Mobile Austria Holding GmbH)
OTE / Cosmote (Greece) as cited: Hellenic TelecommunicationsGreek incumbentmajority stake—€3,634M net revenue (subgroup, AR 2025) · 54.62% (AR 2025)
Hrvatski TelekomCroatian incumbentmajority stake—€1,142M net revenue (subgroup, AR 2025) · 54.56% (AR 2025)
Magyar TelekomHungarian incumbentmajority stake—€2,475M net revenue (subgroup, AR 2025) · 65.78% (AR 2025)
Slovak Telekom / T-Mobile Czech / T-Mobile Polska as cited: Slovak TelekomCentral-European operatorssubsidiary—each 100% (AR 2025)
Metro / Mint / Ultra Mobile as cited: Metro by T-MobileUS prepaid brandsbrandT-Mobile US · index grouping—
T-Mobile US (scored): DT holds 45.62% of capital, 52.58% incl. treasury shares, 56.66% of voting rights (AR 2025) — consolidated with a voting majority. [source]
GD Towers: 48.97% associate since the 2023 sale (deconsolidated). GlasfaserPlus: a 50.0% fibre joint venture. [source]
§ 10 / 12 · 2 platforms · max B = 4.76 · member mean = 3.64 (descriptive, not a group score)

Salesforce

Salesforce, Slack
#PlatformSectorTickerMkt capCaptureEscapeBZone
01SalesforceSaaS & CloudCRM$260B1.850.394.76BLACK HOLE
02SlackSaaS & CloudCRM(Salesforce)1.360.542.52BLACK HOLE
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Group network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Informatica [2]Data management / MDMsubsidiary—≈$8B equity value net of prior investment (announcement, 27 May 2025); closed 2025-11-18 (completion release)
TableauAnalytics / BIsubsidiary—in Exhibit 21
MuleSoftAPI integrationsubsidiary—in Exhibit 21
HerokuDeveloper PaaSsubsidiary—in Exhibit 21
Own Data CompanySaaS data protectionsubsidiary—$2.1B purchase consideration (FY2026 10-K)
QualifiedAgentic pipeline AIsubsidiary—$1.2B, closed Apr 2026
Data CloudCustomer data platformproduct——
AgentforceAI-agent platformproduct——
Pending (announced, not closed as of 02.09.2026): Intercom ~$3.6B; Contentful ~$1.5B — per the Q2-FY27 10-Q. [source]
The Exhibit 21 runs to about a hundred and fifty rows, the great majority of them branch and representative-office registrations; Vlocity and Spiff were absorbed and leave no entity. [source]
§ 11 / 12 · 2 platforms · max B = 3.47 · member mean = 3.47 (descriptive, not a group score)

Binance

BNB, Binance (Exchange)
#PlatformSectorTickerMkt capCaptureEscapeBZone
01BNBCrypto AssetsBNB$85.9B1.560.453.47BLACK HOLE
02Binance (Exchange)Crypto InfrastructureBNBPrivate1.560.453.47BLACK HOLE
Ultimate beneficial owner: founder CZ — the 2023 US settlement required him to step down as CEO but did not require divestiture of his ownership. [source]
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Group network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
CoinMarketCapCrypto market datasubsidiary—2020; price undisclosed, press estimate ≈$400M
Binance Holdings (IE) Limited [2]Holding company that has owned at least 24 corporate entities acting as Binance’s virtual asset service providers and holding its non-U.S. licences, per the CFTC complaint (an unadjudicated pleading, filed March 2023)subsidiary——
Trust WalletSelf-custody wallet — acquired by Binance 2018, later spun out; owned personally by CZUBO——
BAM Management (Binance.US)US exchange — separate affiliate; SEC complaint (unadjudicated pleading) put CZ at 81% of BAM ManagementUBO——
BNB Chain: Binance-seeded network, positioned as community-run. [source]
Group entity chain per the CFTC complaint (an unadjudicated pleading, filed March 2023): Binance Holdings Ltd under Binance (Services) Holdings Ltd, wholly owned by CZ. [source] [source 2]
Binance Labs was renamed YZi Labs and no longer carries Binance branding on its own site. [source]
§ 12 / 12 · 2 platforms · max B = 2.59 · member mean = 2.00 (descriptive, not a group score)

Uber Technologies

Uber (Mobility), Uber Eats
#PlatformSectorTickerMkt capCaptureEscapeBZone
01Uber (Mobility)Automotive & MobilityUBER$170B+1.370.532.59BLACK HOLE
02Uber EatsE-CommerceUBER subN/A0.890.631.41EVENT HORIZON
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Group network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Uber Freight as cited: Freight HoldingDigital logisticsmajority stake—84% and 90% of Uber Freight (80% and 85% fully diluted) at the two year-ends (FY2025 10-K)
TransplaceTransportation managementsubsidiaryUber Freight · index groupingacquired by Uber Freight, November 2021
PostmatesUS delivery brandbrand—$2.65B, 2020
Careem (ride-hailing)MENA ride-hailingsubsidiary—ridesharing business fully owned (Q2-2026 10-Q)
Careem TechnologiesMENA super appmajority stake—controlling interest from 2026-07-30 (Q2-2026 10-Q Note 3); previously ~45% equity-method
Trendyol GOTurkish deliverymajority stake—92% (Q2-2026 10-Q)
SpotHeroParking aggregatorsubsidiary—$617M, closed Apr 2026
Pending: Delivery Hero takeover agreed 2026-07-16, in which Uber already holds 24.99%. Uber also carries minority equity stakes — Didi, Grab, Aurora and Lime — which are investments, not members of the group. [source]
Drizly was shut down in 2024 and folded into Uber Eats. [source]
The Exhibit 21 lists significant subsidiaries only. [source]
Single-platform corporations — tier 1Below, the same network treatment for 146 corporations where exactly one product is scored in this universe: the scored platform keeps its own B; the surrounding corporate network is shown for context only, selected by materiality (not exhaustive), every row source-linked. Control nuances (VIE structures, chaebol cross-holdings, family voting pools) are stated per corporation. No corporate composite is computed, and all scores are single-evaluator (see Validation).
T1 01 / 146 · 1 scored platform · 10 network entities

Tencent

scored: WeChat — B 17.03 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Weixin [2]Domestic super-app (China)division—contracting entity: Shenzhen Tencent Computer Systems (see the VIE note below)
QQInstant messagingdivision——
Tencent GamesOnline games (Honour of Kings)division——
Riot GamesLeague of LegendssubsidiaryTencent Games · index grouping100% (AR2025)
SupercellMobile games (Clash of Clans)majority stakeTencent Games · index grouping93.48% (AR2025)
Tencent Music Entertainment as cited: Tencent MusicMusic streaming, NYSE/HKEX listedmajority stake—53.26% (AR2025)
Tencent VideoLong-form videodivision——
Tencent CloudCloud computingdivision——
Weixin Pay / WeChat Pay as cited: WeixinPayments (FinTech)division——
China LiteratureOnline literature, listedmajority stake—57.46% (AR2025)
PRC operations run through a VIE: Shenzhen Tencent Computer Systems is legally owned by core founders and consolidated by contract (AR2025, controlled structured entities). [source]
Sea: Tencent holds 17.0% with voting proxied to Sea’s board (Sea FY2025 20-F). [source]
Spotify: Tencent holds 8.1% of ordinary shares and none of the beneficiary voting shares (Spotify FY2025 20-F). [source]
T1 02 / 146 · 1 scored platform · 7 network entities

ByteDance

scored: TikTok — B 2.24 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
DouyinDomestic short video (China)division——
ToutiaoNews aggregationdivision——
CapCutVideo editingdivision——
Lark / Feishu as cited: FeishuEnterprise collaborationdivision——
VolcengineCloud services — the unit’s own name, not the translation “Volcano Engine” this map carried beforedivision——
TikTok ShopE-commerce inside TikTokdivisionTikTok · index grouping—
PicoVR headsets (downsized since 2023)subsidiary——
US TikTok operations sit in TikTok USDS Joint Venture LLC (closed January 2026): ByteDance retains 19.9%; Oracle, Silver Lake and MGX hold 15% each with an American-majority board. [source]
Cayman-incorporated private company with a VIE-type PRC structure; ByteDance files no ownership schedule, so the split between founders, global investors and employees is reported rather than disclosed. [source]
GoTo’s Tokopedia is TikTok-controlled: 75.01% since February 2024. [source] [source 2]
T1 03 / 146 · 1 scored platform · 7 network entities

Sony

scored: PlayStation Network — B 3.64 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Sony Interactive EntertainmentPlayStation and PSN (G&NS segment)subsidiary——
BungieGame studio (Destiny)subsidiarySony Interactive Entertainment · index grouping—
Sony Pictures EntertainmentFilm and TVsubsidiary——
CrunchyrollAnime streamingdivisionSony Pictures Entertainment · index grouping—
Sony Music EntertainmentRecorded music and publishingsubsidiary——
AniplexAnime production (Demon Slayer)subsidiarySony Music Entertainment · index grouping—
Sony Semiconductor SolutionsImage sensorssubsidiary——
Sony Financial Group was partially spun off and deconsolidated on 1 October 2025; Sony retains 16.40% (equity method, FY2025 20-F). [source]
T1 04 / 146 · 1 scored platform · 4 network entities

Samsung

scored: Samsung — B 3.11 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
DX DivisionSmartphones, TVs, appliancesdivision——
DS DivisionMemory, System LSI, Foundrydivision——
Samsung Display as cited: Samsung Display CoOLED panelsmajority stake—84.8% (H1-2026 interim report)
Harman InternationalAutomotive electronics, audiosubsidiary—100%
Chaebol structure with no holding company: Samsung Life and Samsung C&T hold the largest blocks of Samsung Electronics, and control runs through the Lee family and cross-holdings rather than through a parent. The shareholder table is linked; in its flattened text holders and percentages cannot be paired mechanically, so none is quoted here. [source]
Group affiliates are NOT Samsung Electronics subsidiaries: Samsung SDS 22.6%, Samsung Biologics 31.2%, Samsung SDI 19.4% (equity-method stakes per the interim report). [source]
T1 05 / 146 · 1 scored platform · 6 network entities

Disney

scored: Disney+ — B 0.71 · TRANSITION
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Entertainment (segment)Studios, networks, streamingdivision——
HuluStreamingsubsidiaryEntertainment (segment) · index groupingNBCU 33% interest bought out 2025 (+$438.7M appraisal payment)
Pixar / Marvel / Lucasfilm / 20th Century as cited: LucasfilmFilm production brandsbrandEntertainment (segment) · index grouping—
ABCBroadcast networkdivisionEntertainment (segment) · index grouping—
Sports (segment) / ESPN as cited: ESPNSports networks and DTCmajority stake—ESPN generally owned 80% by the company (FY2025 10-K); DTC launched August 2025
Experiences (segment)Parks, cruises, productsdivision——
T1 06 / 146 · 1 scored platform · 6 network entities

Roche

scored: Roche — B 3.88 · BLACK HOLE
Founding families (Hoffmann/Oeri) shareholder pool holds the voting majority (≈67.5% upon completion of the repurchase of the Novartis stake). [source]
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
PharmaceuticalsPrescription medicinesdivision——
DiagnosticsIn-vitro diagnosticsdivision——
Genentech [2]US biotech, R&D hubsubsidiaryPharmaceuticals · index groupingwholly owned since 2009
Chugai PharmaceuticalJapan pharma, Tokyo-listedmajority stakePharmaceuticals · index groupingRoche-controlled; see the note below for the holding
Foundation MedicineGenomic profilingsubsidiary—wholly owned (2018 tender offer)
Flatiron HealthOncology real-world datasubsidiary—independent affiliate of the Roche Group
Roche Holding Ltd is listed on Chugai’s own shareholder page as holding 61.10% of its shares and 61.12% of voting interest. [source]
T1 07 / 146 · 1 scored platform · 6 network entities

Thomson Reuters

scored: Westlaw (Thomson Reuters) — B 6.63 · BLACK HOLE
Controlled company: the Thomson family’s Woodbridge holds 67.91% (13D/A, April 2026). [source]
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Legal Professionals (segment)Legal research and workflowdivision——
Practical LawLegal know-howproductLegal Professionals (segment) · index grouping—
CoCounselGenAI legal assistant (ex-Casetext)productLegal Professionals (segment) · index groupingclosed 2023 (ex-Casetext)
Corporates (segment)Legal and tax for corporations (ONESOURCE)division——
Tax, Audit & Accounting (segment)Tax and audit softwaredivision——
ReutersNews agencydivision——
Thomson Reuters sold all of its remaining LSEG shares in 2024 — no stake remains. [source]
T1 08 / 146 · 1 scored platform · 8 network entities

LSEG

scored: Refinitiv/LSEG — B 2.19 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Data & AnalyticsWorkspace, feeds (Refinitiv lineage)division——
FTSE RussellBenchmarks and indicesdivision——
Risk IntelligenceWorld-Check screeningdivision——
MarketsVenues and clearingdivision——
London Stock ExchangeUK listing venuedivisionMarkets · index grouping—
LCH GroupClearing housesmajority stakeMarkets · index grouping94.4% (AR2025)
Tradeweb MarketsRates/credit trading, Nasdaq-listedmajority stakeMarkets · index grouping≈89.9% of combined voting power via Refinitiv (Tradeweb 10-K: “LSEG controls us”)
Post Trade SolutionsPost-trade optimisationmajority stake—80% (20% sold to 11 banks, 2025)
Microsoft announced a 10-year partnership with LSEG in 2022, including acquiring an approximately 4% equity stake and a board appointment (announcement basis). [source]
T1 09 / 146 · 1 scored platform · 5 network entities

SoftBank Group

scored: ARM Holdings — B 4.23 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
SoftBank Vision Funds 1 & 2 as cited: SoftBank Vision FundInvestment funds (consolidated)division——
SoftBank Corp. (telco)Domestic Japanese telco, TSE-listedmajority stake—40.1% voting, consolidated via de facto control (FR FY2026)
LY CorporationYahoo! Japan + LINEmajority stakeSoftBank Corp. (telco) · index grouping62.4% group voting; the group holds 50.0% of the voting rights of A Holdings Corporation and appoints the majority of its board
PayPayMobile payments (Nasdaq IPO March 2026)majority stakeSoftBank Corp. (telco) · index grouping≈90.62% group-held post-IPO (PayPay 20-F)
Ampere ComputingArm-based server CPUssubsidiary—acquisition completed in the quarter ended December 2025; reported in the new AI computing segment
ARM Holdings (the scored platform) is ≈86.4% held by SoftBank via Kronos II LLC (Arm FY2026 20-F). [source]
OpenAI exposure runs through Vision Fund 2 (2025–2026 investments announced). [source]
T1 10 / 146 · 1 scored platform · 4 network entities

Sea Limited

scored: Shopee/Sea — B 3.03 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
GarenaGames (Free Fire)division——
Monee (ex-SeaMoney)Credit, payments, bankingdivision—rebranded May 2025
MariBank [2]Digital bank (SG; PH since 2025)subsidiaryMonee (ex-SeaMoney) · index grouping—
SPX Express [2]Logisticssubsidiary——
Dual-class: founder Forrest Li holds 57.6% of voting power with 16.0% economic interest (FY2025 20-F). [source]
Tencent holds 17.0% of ordinary shares with voting irrevocably proxied to Sea’s board (2022). [source]
T1 11 / 146 · 1 scored platform · 2 network entities

GoTo Group

scored: Gojek/GoTo — B 3.46 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
GoTo Financial [2]Payments, lendingdivision——
GoPay [2]Consumer paymentssubsidiaryGoTo Financial · index grouping—
Tokopedia is NOT GoTo-controlled since February 2024: TikTok/ByteDance holds 75.01%; GoTo retains a 24.99% equity-method associate stake and a service-fee stream on GMV (AR2024). [source] [source 2]
PT Bank Jago: a 21.40% affiliate held indirectly through PT DKAB (AR2025). [source] [source 2]
T1 12 / 146 · 1 scored platform · 7 network entities

Alibaba Group

scored: Alibaba/Taobao — B 4.97 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
China E-commerce GroupTaobao, Tmall, Xianyu, 1688division——
Taobao Instant CommerceQuick commerce (ex-Ele.me, rebranded FY2026)divisionChina E-commerce Group · index grouping—
AIDCAliExpress, Lazada, Trendyol, Darazdivision——
Cloud Intelligence GroupAlibaba Cloud, Qwen, DingTalkdivision——
CainiaoLogisticssubsidiary—consolidated; exact % undisclosed in the 20-F
Freshippo (Hema)Grocery new retailsubsidiary——
Alibaba HealthHK-listed health platformmajority stake——
Ant Group (Alipay) is a 33% fully-diluted equity-method affiliate — NOT a subsidiary; Jack Ma’s control was unwound in the 2023 restructuring (FY2026 20-F). [source]
PRC operations partly run through the “Enhanced VIE Structure”; the 20-F itself warns the contracts “may not be as effective” as direct ownership. [source]
T1 13 / 146 · 1 scored platform · 10 network entities

Broadcom

scored: Broadcom — B 7.19 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Semiconductor SolutionsReportable segmentdivision——
Infrastructure SoftwareReportable segmentdivision——
VMware LLC [2] as cited: VMwareVirtualization and private cloudsubsidiaryInfrastructure Software · index groupingacquired November 2023; total consideration $86,290M
VMware International Unlimited CompanyVMware entity (Ireland)subsidiaryVMware LLC · index grouping—
CA, Inc. [2]Named in the acquisition historysubsidiaryInfrastructure Software · index grouping—
Broadcom CorporationLegacy semiconductor entity (California)subsidiary——
SymantecEndpoint security solutionsbrandInfrastructure Software · index grouping—
Carbon BlackEndpoint detection and responsebrandInfrastructure Software · index grouping—
Brocade Communications SystemsFibre Channel SAN, acquired businessbrandInfrastructure Software · index grouping—
VMware Cloud FoundationPrivate cloud platformproductInfrastructure Software · index grouping—
Two reportable segments only. The software side is run as five portfolios — private cloud, mainframe software, cybersecurity, enterprise software and FC SAN management — which are not separate legal entities. [source]
VMware’s end-user computing business left the group: it was sold to KKR in July 2024 for cash consideration of $3.5 billion. [source]
Symantec, Carbon Black and Brocade are named in the 10-K but have no separately named entity in the FY2025 Exhibit 21, which lists significant subsidiaries only. [source]
T1 14 / 146 · 1 scored platform · 11 network entities

Intel

scored: Intel — B 3.60 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Intel FoundryReportable segment: technology development and manufacturingdivision——
Client Computing GroupReportable segmentdivision——
Data Center and AI as cited: DCAIReportable segmentdivision——
Mobileye Global Inc. [2] as cited: MobileyeDriver-assistance and autonomous drivingmajority stake—80% ownership interest (FY2025 10-K)
IMS Nanofabrication as cited: IMSMulti-beam mask writing toolsmajority stake—68% ownership interest (FY2025 10-K)
Ireland SCIPFab co-investment vehiclemajority stake—49% non-controlling interest (FY2025 10-K)
Arizona SCIPFab co-investment vehiclemajority stake—49% non-controlling interest (FY2025 10-K)
Intel Electronics Ltd.Operating entity (Israel)subsidiary——
Componentes Intel de Costa RicaOperating entity (Costa Rica)subsidiary——
Intel Products VietnamOperating entity (Vietnam)subsidiary——
GaudiAI accelerator lineproductData Center and AI · index grouping—
Altera is no longer controlled: Intel completed the divestiture of 51% to a Silver Lake affiliate in September 2025 for net consideration of $4.3 billion and retains a 49% interest accounted for under the equity method, carried at $3.2 billion. [source]
The holding runs in the other direction too: NVIDIA acquired 215 million Intel shares at $23.28 per share, completed December 2025. [source]
Intel Foundry is an operating segment, not a separate legal entity; Mobileye and IMS are reported outside the three segments. Habana Labs appears in neither the FY2025 10-K nor its Exhibit 21 — only the Gaudi product line survives. [source]
T1 15 / 146 · 1 scored platform · 9 network entities

NVIDIA

scored: NVIDIA (CUDA) — B 8.29 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Compute & NetworkingReportable segmentdivision——
GraphicsReportable segmentdivision——
Mellanox Technologies, Ltd [2]InfiniBand and Ethernet networkingsubsidiaryCompute & Networking · index groupingacquired 2020; the Exhibit 21 states its listed subsidiaries are 100% owned
NVIDIA International Inc. as cited: NVIDIA International, Inc.International entitysubsidiary——
NVIDIA Singapore Pte LtdInternational entitysubsidiary——
DPUProcessor class introduced with MellanoxproductCompute & Networking · index grouping—
NVIDIA AI EnterpriseEnterprise AI software suiteproduct——
DGX CloudManaged AI-training serviceproduct—described in the FY2025 10-K; not named in the FY2026 filing
NVIDIA Run:aiGPU workload orchestrationproduct——
The legal structure is unusually small for the size of the company: the FY2026 Exhibit 21 names three subsidiaries, while stating that it omits those which in the aggregate would not be significant. [source]
NVIDIA never owned Arm. The acquisition was terminated in February 2022; SoftBank retained the $1.25 billion prepayment and NVIDIA retained a 20-year licence. [source]
T1 16 / 146 · 1 scored platform · 12 network entities

Adobe

scored: Adobe Creative Cloud — B 4.30 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Digital MediaReportable segment through fiscal 2025division——
Digital ExperienceReportable segment through fiscal 2025division——
Publishing and AdvertisingReportable segment through fiscal 2025division——
Marketo, Inc. [2] as cited: MarketoMarketing automation (Marketo Engage)subsidiaryDigital Experience · index grouping—
Workfront LLC [2] as cited: WorkfrontWork managementsubsidiaryDigital Experience · index grouping—
Frame.io, Inc.Entity named in the Exhibit 21subsidiary——
X.commerce, Inc.Magento-related entitysubsidiary——
MagentoTech LLCMagento-related entitysubsidiary——
Allegorithmic SASEntity named in the Exhibit 21 (France)subsidiary——
Adobe CommerceEnd-to-end commerce platformproductDigital Experience · index grouping—
Adobe Substance 3D Collection3D authoring applicationsproduct——
BehanceCreative portfolio networkbrand——
The three segments above are how Adobe reported fiscal 2025. The same filing states that from the first quarter of fiscal 2026 they are combined into a single operating and reportable segment, so this structure is in transition. [source]
The Figma acquisition was abandoned: Adobe incurred a $1 billion termination fee, recorded in fiscal 2024. [source]
Several acquisitions still carry more than one legal shell: Magento has four in the Exhibit 21 (X.commerce, MagentoTech Inc., MagentoTech LLC, Magento Commerce International Limited), and Marketo and Workfront two each. Frame.io, Allegorithmic and Behance are not named in the 10-K at all. [source]
T1 17 / 146 · 1 scored platform · 10 network entities

SAP

scored: SAP — B 7.21 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Concur Technologies, Inc. as cited: ConcurTravel, expense and invoice managementsubsidiary——
Ariba, Inc. as cited: AribaSource-to-pay procurementsubsidiary——
SAP America, Inc.US operating entitysubsidiary——
SAP Deutschland SE & Co. KGGerman operating entitysubsidiary——
WalkMe [2]Digital adoption platformsubsidiary—acquired 2024 at $14.00 per share, equity value about $1.5 billion
SAP S/4HANA CloudCloud ERP suiteproduct——
SAP SuccessFactorsHuman capital managementproduct——
SAP Business Technology PlatformDevelopment and integration platformproduct——
SAP SignavioBusiness process managementproduct——
SAP LeanIX [2]Enterprise architecture managementproduct——
Qualtrics was divested: SAP announced in March 2023 that it had agreed to sell all 423 million of its shares, and the sale to Silver Lake and CPP Investments completed at $18.15 in cash per share. [source] [source 2]
SAP’s notice records the transfer of LeanIX GmbH into SAP SE with effect from 1 January 2025, so LeanIX is a product line rather than a separate entity. [source]
SAP files no US Exhibit 21, and its 20-F subsidiary table is revenue-ranked and dominated by country sales entities, so the suites above are shown as products rather than as legal entities. [source]
T1 18 / 146 · 1 scored platform · 15 network entities

Intercontinental Exchange

scored: ICE — B 7.40 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
ExchangesReportable segmentdivision——
Fixed Income and Data ServicesReportable segmentdivision——
Mortgage TechnologyReportable segmentdivision——
NYSE Group, Inc.NYSE holding entitysubsidiary——
New York Stock Exchange LLC [2]US equities exchangesubsidiary——
NYSE Arca, Inc.ETF and options exchangesubsidiary——
NYSE American LLCEquities and options exchangesubsidiary——
ICE Clear Europe Limited [2]European clearing housesubsidiaryExchanges · index grouping—
ICE Clear U.S., Inc. [2]US futures clearing housesubsidiaryExchanges · index grouping—
ICE Clear Credit LLC [2]Credit default swap clearing housesubsidiaryFixed Income and Data Services · index grouping—
ICE Mortgage Technology Holdings, Inc. [2]Mortgage workflow platformsubsidiaryMortgage Technology · index grouping—
MERSCORP Holdings, Inc. [2]Mortgage electronic registry (MERS database)subsidiaryMortgage Technology · index grouping—
ICE Bonds Securities Corporation as cited: ICE BondsBroker-dealer operating two registered trading systemssubsidiaryFixed Income and Data Services · index grouping—
ICE Data Pricing & Reference Data, LLCPricing and reference data entitysubsidiary——
Interactive Data Holdings CorporationFixed income data entitysubsidiary——
Black Knight was acquired in September 2023 for aggregate consideration of approximately $11.8 billion and integrated into ICE Mortgage Technology; it has no surviving named entity in the FY2025 Exhibit 21. [source] [source 2]
ICE reports three segments while describing itself as operating as one business, leveraging expertise in data services and technology across its platforms; segment results are nonetheless reported separately. [source]
MERSCORP’s governing board is the board of ICE Mortgage Services, which a filing of March 2022 describes, together with ICE Mortgage Technology, as an ICE subsidiary. MERSCORP itself is named in the FY2025 filing as the MERS database within closing solutions. [source]
T1 19 / 146 · 1 scored platform · 11 network entities

S&P Global

scored: S&P Global — B 7.12 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
S&P Global RatingsReportable segment: credit ratingsdivision——
S&P Global Market IntelligenceReportable segment: data and analyticsdivision——
S&P Global EnergyReportable segment, formerly S&P Global Plattsdivision——
S&P Global MobilityReportable segment: automotive datadivision——
S&P Dow Jones Indices LLC [2]Reportable segment: index providermajority stake—73.00% of voting securities (Exhibit 21)
CRISIL Limited [2]Indian ratings and analyticsmajority stake—66.64% of voting securities (Exhibit 21)
CRISIL Ratings LimitedIndian credit ratings agencymajority stake—66.64% of voting securities (Exhibit 21)
Kensho Technologies, LLC [2] as cited: KenshoMachine-learning unit reported in corporate unallocatedsubsidiary—100.00% of voting securities (Exhibit 21)
Platts (U.K.) Limited as cited: Platts (U.K.) LimitedCommodity price assessment entitysubsidiary—100.00% of voting securities (Exhibit 21)
IHS Markit Ltd.Former IHS Markit parent, retained after the mergersubsidiary—100.00% of voting securities (Exhibit 21)
Carfax, Inc.Vehicle history reportssubsidiary—100.00% of voting securities (Exhibit 21)
Five reportable segments. S&P Dow Jones Indices is the only one of them that is not wholly owned; the exhibit also carries partly-owned subsidiaries such as CRISIL at 66.64% and Carfax Europe at 97.00%. The percentages are the exhibit’s voting-securities column, not economic interest. [source]
The board decided in April 2025 to pursue a full separation of the Mobility segment into a new publicly traded company, so that division is in transition. [source]
OSTTRA is no longer part of the group: S&P Global and CME Group completed its sale to KKR in October 2025 at a total enterprise value of $3.1 billion. [source]
T1 20 / 146 · 1 scored platform · 11 network entities

Moody’s

scored: Moodys — B 6.94 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Moody’s Investors Service as cited: MISReportable segment: credit ratingsdivision——
Moody’s Analytics as cited: MAReportable segment: data, research and decision toolsdivision——
Moody’s Ratings [2]Public name of the ratings divisionbrand——
Moody’s Investors Service, Inc.US ratings entitysubsidiary——
Moody’s Analytics, Inc.US analytics entitysubsidiary——
Bureau van Dijk Electronic Publishing Inc.Entity named in the Exhibit 21subsidiary——
Risk Management Solutions, Inc. [2] as cited: RMSClimate and natural-disaster risk modellingsubsidiary—acquired September 2021
RMS Worldwide, Inc.RMS international entitysubsidiary——
ICRA Limited [2] as cited: ICRAIndian credit ratings and researchmajority stakeMoody’s Investors Service · index groupingmajority-owned; no percentage is disclosed
Korea Investors Service, Inc.Korean credit ratings agencymajority stake—majority-owned; no percentage is disclosed
Cape Analytics, Inc. [2] as cited: CAPE AnalyticsProperty intelligence, acquired 2025subsidiary——
Moody’s publishes no ownership percentages: its exhibit is headed as a list of active, majority-owned subsidiaries, so the affiliates above can be shown as majority-owned and no further. [source]
The corporate site presents the ratings division as Moody’s Ratings; the FY2025 filing uses both that name and Moody’s Investors Service. [source] [source 2]
T1 21 / 146 · 1 scored platform · 12 network entities

PayPal

scored: PayPal — B 1.18 · TRANSITION
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
VenmoMobile application for moving money between peoplebrand——
XoomInternational money transfer servicebrand——
HyperwalletPayout capabilitiesbrand——
BraintreeTrademark named in the FY2025 10-Kbrand——
HoneyTrademark named in the FY2025 10-Kbrand——
PayPal OpenTrademark named in the FY2025 10-Kbrand——
PayPal CreditConsumer credit brandbrand——
Paidy Inc. [2]Entity named in the Exhibit 21 (Japan)subsidiary——
Bill Me Later, Inc.Consumer credit entitysubsidiary——
PayPal (Europe) S.à r.l. et Cie, S.C.A. [2] as cited: PayPal (Europe)Licensed as a credit institution in Luxembourgsubsidiary——
PayPal, Inc.US operating entitysubsidiary——
PayPal Point of SaleIn-person point of sale, formerly PayPal Zettleproduct——
This is almost entirely a brand layer: Venmo, Braintree, Honey, Xoom and Hyperwallet appear in the 10-K as trademarks and have no separately named entity in the FY2025 Exhibit 21. Paidy is the exception. [source] [source 2]
Happy Returns is no longer part of the group: the sale to United Parcel Service completed in November 2023 for approximately $466 million in cash. [source]
T1 22 / 146 · 1 scored platform · 10 network entities

Block

scored: Block (Square) — B 2.92 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
SquareReportable segment: seller commercedivision——
Cash AppReportable segment: consumer financedivision——
AfterpayBuy-now-pay-later capabilitybrandCash App · index grouping—
Afterpay Holdings Pty LtdAustralian entitysubsidiary——
Afterpay US, Inc.US entitysubsidiary——
Square Financial Services, Inc. [2]Wholly-owned subsidiary banksubsidiarySquare · index grouping—
Square Capital, LLCEntity named in the Exhibit 21subsidiary——
TIDALPlatform for musicians and their fansbrand——
BitkeySelf-custody bitcoin walletproduct——
ProtoBitcoin mining systemproduct——
Spiral is not shown as a member: the filing calls it an independent team that Block supports, which is outside the operational-control contour these maps draw. [source]
The company trades as XYZ: its Class A common stock is on the New York Stock Exchange and its depositary interests on the ASX, both under that symbol. [source]
There are only two reportable segments. The filing places TIDAL and other emerging ecosystems outside them, in a general corporate and other category, and neither TIDAL nor Bitkey nor Proto has a separately named entity in the Exhibit 21. [source] [source 2]
T1 23 / 146 · 1 scored platform · 9 network entities

Booking Holdings

scored: Booking.com — B 2.39 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Booking.com B.V. [2]Accommodation marketplace entitysubsidiary—100% (Exhibit 21 percent-ownership column)
Booking.com Holding B.V.Entity named in the Exhibit 21subsidiary—100% (Exhibit 21)
Agoda Company Pte. Ltd. [2] as cited: Agoda CompanyAsia-Pacific accommodation marketplacesubsidiary—100% (Exhibit 21)
Agoda Holding Company LimitedEntity named in the Exhibit 21subsidiary—100% (Exhibit 21)
KAYAK Software Corporation [2] as cited: KAYAKMetasearch; earns referral and advertising revenuesubsidiary—100% (Exhibit 21)
OpenTable, Inc. [2] as cited: OpenTableRestaurant reservations and subscription servicessubsidiary—100% (Exhibit 21)
priceline.com LLCUS travel marketplace entitysubsidiary—100% (Exhibit 21)
priceline.com International Ltd.Priceline international entitysubsidiary—100% (Exhibit 21)
GetaroomAcquisition named in the goodwill disclosurebrand——
Five consumer-facing brands — Booking.com, Priceline, Agoda, KAYAK and OpenTable — are aggregated into one reportable segment. [source]
The exhibit carries an explicit percent-ownership column and states 100% for every brand entity above, which is rare among these filings. [source]
Rentalcars is not shown: the brand appears in neither the FY2025 10-K nor its Exhibit 21, and ground transport is now a Booking.com vertical. [source]
T1 24 / 146 · 1 scored platform · 12 network entities

Spotify

scored: Spotify — B 2.31 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
PremiumReportable segment: subscriptiondivision——
Ad-SupportedReportable segment: advertisingdivision——
Spotify ABSwedish operating entitysubsidiary——
Spotify USA Inc.US operating entitysubsidiary——
Megaphone [2]Podcast hosting for enterprise publishersproductAd-Supported · index grouping—
Spotify for CreatorsPodcast hosting for creatorsproductAd-Supported · index grouping—
Spotify Audience NetworkAudio advertising marketplaceproductAd-Supported · index grouping—
GimletPodcast studio, wholly-owned indirect subsidiary as of December 2023subsidiary——
ParcastPodcast studio, wholly-owned indirect subsidiary as of December 2023subsidiary——
FindawayAcquisition named in the Q4-2022 shareholder letterbrand——
PodsightsAcquisition named in the Q4-2022 shareholder letterbrand——
ChartableAcquisition named in the Q4-2022 shareholder letterbrand——
The legal structure carries none of this: the subsidiary exhibit lists only Spotify country entities, and none of the podcast or audiobook acquisitions appears there. [source]
The creator product has been renamed twice and the FY2025 filing calls it Spotify for Creators, so only that name is verifiable against it. [source]
Gimlet and Parcast are named as wholly-owned indirect subsidiaries in the FY2023 filing, in a disclosure about union representation; neither is named in the FY2025 filing. [source]
T1 25 / 146 · 1 scored platform · 11 network entities

JPMorgan Chase

scored: JPMorgan Chase — B 6.13 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
JPMorgan Chase Bank, National AssociationThe bank: deposits, lending, paymentssubsidiary——
J.P. Morgan Securities LLCUS broker-dealersubsidiary——
J.P. Morgan Securities plcUK broker-dealersubsidiary——
J.P. Morgan SEEU bank, Germanysubsidiary——
Paymentech, LLCMerchant acquiring and card processingsubsidiary——
JPMorgan Chase Holdings LLCIntermediate holding companysubsidiary——
J.P. Morgan Investment Management Inc.Asset managementsubsidiary——
JPMorgan Asset Management (UK) LimitedAsset management, United KingdomsubsidiaryJ.P. Morgan Investment Management Inc. · index grouping—
JPMorgan Asset Management (Europe) S.à r.l.Asset management, LuxembourgsubsidiaryJ.P. Morgan Investment Management Inc. · index grouping—
JPMorgan Securities Japan Co., Ltd.Japanese securities businesssubsidiary——
J.P. Morgan Services India Private LimitedOperations and technology servicessubsidiary——
The exhibit lists only entities significant under SEC rules, plus entities designated as material legal entities for resolution planning under the Dodd-Frank Act. It is not the full corporate tree. [source]
First Republic does not appear in this map because no entity was acquired: the transaction was a purchase of assets and an assumption of liabilities from the receivership, so there is nothing to place under a parent. [source]
T1 26 / 146 · 1 scored platform · 12 network entities

Goldman Sachs

scored: Goldman Sachs — B 4.11 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Goldman Sachs & Co. LLCUS broker-dealersubsidiary——
Goldman Sachs Bank USAThe bank: deposits, lending, consumer platformsubsidiary——
Goldman Sachs InternationalUK broker-dealersubsidiary——
Goldman Sachs International BankUK banksubsidiary——
Goldman Sachs Bank Europe SEEU bank, Germanysubsidiary——
Goldman Sachs Asset Management, L.P.Asset managementsubsidiary——
GSAM Holdings LLCAsset management holding companysubsidiaryGoldman Sachs Asset Management, L.P. · index grouping—
J. Aron & Company LLCCommoditiessubsidiary——
Goldman Sachs Lending Partners LLCCorporate lendingsubsidiary——
Goldman Sachs Mortgage CompanyMortgage businesssubsidiary——
Goldman Sachs Japan Co., Ltd.Japanese securities businesssubsidiary——
Goldman Sachs Canada Inc.Canadian businesssubsidiary——
The registrant states that it owns, directly or indirectly, at least 99% of the voting securities of substantially all of the subsidiaries listed in the exhibit. [source]
The Apple Card is not shown as an exit: an agreement to transition the programme was entered into in December 2025 and completion is expected to take approximately 24 months, so the card is still issued from inside this perimeter. [source]
T1 27 / 146 · 1 scored platform · 9 network entities

Charles Schwab

scored: Charles Schwab — B 2.26 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Charles Schwab & Co., Inc.The broker-dealersubsidiary——
Charles Schwab Bank, SSBTexas-chartered state savings bank: where uninvested cash sitssubsidiary——
Charles Schwab Premier Bank, SSBSecond Texas-chartered savings banksubsidiary——
Charles Schwab Trust BankNevada-chartered savings bank, trust and retirement assetssubsidiary——
Charles Schwab Futures and Forex LLCFutures and foreign exchangesubsidiary——
Charles Schwab Investment Management, Inc.Manager of the in-house fundssubsidiary——
Schwab Retirement Plan Services, Inc.Employer retirement planssubsidiary——
Schwab Wealth Advisory, Inc.Advisory servicesubsidiary——
Schwab Holdings, Inc.Holding companysubsidiary——
No TD Ameritrade entity appears in the FY2025 exhibit; the acquired business is held inside the Schwab entities above rather than as a separate named subsidiary. [source]
T1 28 / 146 · 1 scored platform · 14 network entities

Interactive Brokers

scored: Interactive Brokers — B 2.49 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
IBG LLCThe operating holding company beneath the listed parentsubsidiary——
Interactive Brokers LLCThe US broker-dealer: where a customer account is actually heldsubsidiaryIBG LLC · index grouping—
IB Exchange Corp.Holds the non-US broker-dealerssubsidiaryIBG LLC · index grouping—
ForecastEx LLCEvent-contract exchangesubsidiaryIBG LLC · index grouping—
IBKR Security Services LLCSecurities lending servicessubsidiaryIBG LLC · index grouping—
Interactive Brokers Ireland LimitedEU broker-dealer after BrexitsubsidiaryIBG LLC · index grouping—
Interactive Brokers (U.K.) LimitedUK broker-dealersubsidiaryIB Exchange Corp. · index grouping—
Interactive Brokers Hong Kong LimitedHong Kong broker-dealersubsidiaryIB Exchange Corp. · index grouping—
Interactive Brokers Australia Pty LimitedAustralian broker-dealersubsidiaryIB Exchange Corp. · index grouping—
Interactive Brokers Securities Japan, Inc.Japanese broker-dealersubsidiaryIB Exchange Corp. · index grouping—
Interactive Brokers Canada Inc.Canadian broker-dealersubsidiaryIB Exchange Corp. · index grouping—
Interactive Brokers Singapore Pte. LtdSingapore broker-dealersubsidiaryIBG LLC · index grouping—
IBKR Financial Services AGSwiss entitysubsidiaryIB Exchange Corp. · index grouping—
Covestor, Inc.Portfolio-management servicesubsidiaryIB Exchange Corp. · index grouping—
The broker a customer contracts with is not wholly owned by the listed company: IBG LLC owns 99.9% of Interactive Brokers LLC and Mr. Thomas Peterffy owns 0.1%. [source]
The same split applies to the securities-services entity, where IBG LLC owns 99.99% and Mr. Thomas Peterffy owns 0.01%. [source]
T1 29 / 146 · 1 scored platform · 14 network entities

BlackRock

scored: BlackRock — B 5.21 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
BlackRock Fund AdvisorsAdviser to the US index funds and ETFssubsidiary——
BlackRock Institutional Trust Company, National AssociationTrustee for institutional index productssubsidiary——
BlackRock Advisors, LLCRegistered investment advisersubsidiary——
BlackRock Investment Management, LLCRegistered investment advisersubsidiary——
BlackRock International LimitedAdviser, Scotlandsubsidiary——
BlackRock Japan Co., Ltd.Japanese asset managementsubsidiary——
BlackRock Asset Management Canada LimitedCanadian asset managementsubsidiary——
eFront U.S., LLCPrivate-markets software, part of the Aladdin platformsubsidiary——
Preqin Holding Limited [2]Private-markets datasubsidiary—the acquisition of 100% of the shares of Preqin completed in March 2025
HPS Investment Partners, LLC [2]Private creditsubsidiary—the acquisition of 100% of the business and assets of HPS completed on 1 July 2025
Global Infrastructure Management, LLCInfrastructure investmentsubsidiary——
Aperio Group, LLCDirect indexingsubsidiary——
SpiderRock Advisors, LLCOption overlay strategiessubsidiary——
Kreos Capital Israel Ltd.Venture debtsubsidiary——
Aladdin is the risk and portfolio platform BlackRock both runs its own funds on and licenses to other managers, which is why the software acquisitions above sit in the same perimeter as the funds. [source]
T1 30 / 146 · 1 scored platform · 10 network entities

Equifax

scored: Equifax — B 5.98 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Equifax Information Services LLCThe US consumer credit bureausubsidiary——
Equifax Workforce Solutions LLCEmployment and income verificationsubsidiary——
TALX UCM Services, Inc.The verification business acquired as TALXsubsidiaryEquifax Workforce Solutions LLC · index grouping—
Equifax Consumer Services LLCDirect-to-consumer productssubsidiary——
Kount Inc.Fraud prevention and identitysubsidiary——
Appriss Insights, LLCCriminal-records datasubsidiary——
Equifax LimitedUnited Kingdomsubsidiary——
Equifax Canada Co.Canadian bureausubsidiary——
Boa Vista Serviços S.A.Brazilian bureausubsidiary——
Equifax Servicios de Informacion Sobre Solvencia y Credito S.L.Spainsubsidiary——
The company reports three operating segments; the entities above are legal entities from the subsidiary exhibit and do not map one-to-one onto them. [source]
T1 31 / 146 · 1 scored platform · 13 network entities

TransUnion

scored: TransUnion — B 5.57 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Trans Union LLCThe US consumer credit bureausubsidiary——
TransUnion Interactive, Inc.Direct-to-consumer productssubsidiary——
Trans Union International, Inc.Holds the international bureauxsubsidiary——
Neustar, Inc.Identity resolution and marketing datasubsidiary——
iovation Inc.Device intelligence and fraudsubsidiary——
Sontiq, Inc.Identity protectionsubsidiary——
Argus Information and Advisory Services, Inc.Payments-data analyticssubsidiary——
FactorTrust, Inc.Alternative credit datasubsidiary——
TruSignal, Inc.Audience scoringsubsidiary——
Monevo IncCredit-offer marketplacesubsidiary——
Callcredit Marketing LimitedUnited Kingdom, from the Callcredit acquisitionsubsidiaryTrans Union International, Inc. · index grouping—
Trans Union of Canada, Inc.Canadian bureausubsidiaryTrans Union International, Inc. · index grouping—
Trans Union Content Solutions LLCContent and data servicessubsidiary——
The operating company is written "Trans Union LLC" in the exhibit, as two words, while the brand is written as one. The map keeps the exhibit spelling for the legal entity. [source]
T1 32 / 146 · 1 scored platform · 13 network entities

Tesla

scored: Tesla — B 4.61 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Tesla Energy Operations, Inc.Energy storage and generation businesssubsidiary——
SolarCity Finance Company, LLCFinancing vehicle of the acquired solar businesssubsidiaryTesla Energy Operations, Inc. · index grouping—
SolarCity International, Inc.International arm of the acquired solar businesssubsidiaryTesla Energy Operations, Inc. · index grouping—
Tesla Insurance Services, Inc.Insurance brokeragesubsidiary——
Tesla Finance LLCVehicle financingsubsidiary——
Tesla Lease TrustLeasing vehiclesubsidiary——
Maxwell Technologies, Inc.Ultracapacitor and dry-electrode technologysubsidiary——
Tesla (Shanghai) Co., LtdChinese manufacturing and salessubsidiary——
Tesla Automobile Sales and Service (Shanghai) Co., Ltd.Chinese sales and servicesubsidiaryTesla (Shanghai) Co., Ltd · index grouping—
Tesla Manufacturing Brandenburg SEGerman manufacturingsubsidiary——
Tesla Germany GmbHGerman sales and servicesubsidiary——
Tesla Motors Netherlands B.V.European holding and distributionsubsidiary——
Hibar Systems Europe GmbHBattery manufacturing equipmentsubsidiary——
The gigafactories are not on this map because they are not legal entities: the exhibit names none of them, and the plants appear in the annual report as properties rather than as companies. [source] [source 2]
Most of the exhibit is solar project companies carrying the SolarCity name, each a financing vehicle for a set of installations rather than an operating business; only the ones that are not single-project vehicles are shown. [source]
T1 33 / 146 · 1 scored platform · 17 network entities

Palo Alto Networks

scored: Palo Alto Networks — B 6.29 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Palo Alto Networks International, Inc.International holding companysubsidiary——
Palo Alto Networks Public Sector, LLCUS government businesssubsidiary——
Palo Alto Networks Financial Services, LLCCustomer financingsubsidiary——
PAN Demisto LLCSecurity orchestration, from the Demisto acquisitionsubsidiary——
RedLock, LLCCloud security posturesubsidiary——
Evident.io LLCCloud compliancesubsidiary——
CloudGenix, LLCSD-WANsubsidiary——
Expanse LLCAttack-surface managementsubsidiary——
BridgeCrew LLCInfrastructure-as-code securitysubsidiary——
Cider Security Inc.Software supply-chain securitysubsidiary——
Dig Security Inc.Data security posturesubsidiary——
Talon Cyber Security, Inc.Enterprise browsersubsidiary——
Protect AI, Inc.AI model securitysubsidiary——
Aporeto, LLCMicrosegmentationsubsidiary——
LightCyber, Inc.Behavioural attack detectionsubsidiary——
Crypsis Group Holdings, LLCIncident response consultingsubsidiary——
Sinefa Pty. Ltd.Digital experience monitoringsubsidiary——
Most of what this platform sells arrived as a company rather than as a feature: the exhibit reads as a list of acquisitions kept alive as separate legal entities long after the products were merged into one console. [source]
T1 34 / 146 · 1 scored platform · 10 network entities

CrowdStrike

scored: CrowdStrike — B 5.13 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
CrowdStrike, Inc.The operating companysubsidiary——
CrowdStrike UK LimitedUnited Kingdomsubsidiary——
CrowdStrike Israel R&D Ltd.Israeli research and developmentsubsidiary——
CrowdStrike India Private LimitedIndiasubsidiary——
CrowdStrike GmbHGermanysubsidiary——
CrowdStrike Australia Pty LimitedAustraliasubsidiary——
CrowdStrike Canada ULCCanadasubsidiary——
CrowdStrike Singapore Pte. Ltd.Singaporesubsidiary——
A.S. Adaptive Shield Ltd.SaaS security posture managementsubsidiary——
Onum Technology Inc.Telemetry pipelinesubsidiary——
The perimeter is unusually small for a platform of this reach: twelve entities in all, most of them a single country office, with the operating business held in one company. [source]
T1 35 / 146 · 1 scored platform · 14 network entities

Fortinet

scored: Fortinet — B 3.64 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Fortinet International, Inc.International holding companysubsidiary——
Fortinet Federal, Inc.US government businesssubsidiary——
Fortinet Holding LLCHolding companysubsidiary——
Fortinet Consumer, Inc.Consumer businesssubsidiary——
Linksys USA LLCConsumer networking hardwaresubsidiaryFortinet Consumer, Inc. · index grouping—
Linksys UK LimitedUnited KingdomsubsidiaryLinksys USA LLC · index grouping—
Linksys HK LimitedHong KongsubsidiaryLinksys USA LLC · index grouping—
Alaxala Networks CorporationJapanese network equipmentsubsidiary——
Lacework Branch Holding CompanyCloud security, from the Lacework acquisitionsubsidiary——
Lacework EMEA LtdEurope, Middle East and AfricasubsidiaryLacework Branch Holding Company · index grouping—
Next DLP Holdings LimitedData-loss preventionsubsidiary——
Next DLP LimitedOperating companysubsidiaryNext DLP Holdings Limited · index grouping—
Fortinet Technologies (Canada) ULCCanadasubsidiary——
Fortinet Information Technology (Beijing) Co., Ltd.Chinasubsidiary——
Linksys sits inside this perimeter, so a consumer router brand and an enterprise firewall platform share a corporate parent; the exhibit places the Linksys entities under a consumer holding company of their own. [source]
T1 36 / 146 · 1 scored platform · 13 network entities

Zscaler

scored: Zscaler — B 4.86 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
ZSC Holdings LimitedHolding companysubsidiary——
Zscaler US Government Solutions, LLCUS government businesssubsidiary——
Zscaler Softech India Private LimitedIndian engineeringsubsidiary——
Zscaler Israel LTDIsraeli engineeringsubsidiary——
Red Canary Inc.Managed detection and responsesubsidiary——
Avalor Technologies LTDSecurity data fabricsubsidiary——
Airgap Networks Inc.Network segmentationsubsidiary——
Smokescreen Technologies Private LimitedDeception technologysubsidiary——
SPLXAI Inc.AI security testingsubsidiary——
SquareX Holdings, Inc.Browser securitysubsidiary——
Zscaler UK LTDUnited Kingdomsubsidiary——
Zscaler Germany GmbHGermanysubsidiary——
Zscaler K.K.Japansubsidiary——
Several entities in the exhibit carry names unrelated to Zscaler and sit adjacent to the original proxy business rather than inside it: managed detection and response, a security data fabric, network segmentation, AI security testing and the browser. A subsidiary exhibit records what is owned, not when it was bought, so no acquisition dates are claimed here. [source]
T1 37 / 146 · 1 scored platform · 15 network entities

Okta

scored: Okta — B 4.86 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Okta International, LLCInternational holding companysubsidiary——
Okta Federal, Inc.US government businesssubsidiary——
Auth0, LLCDeveloper identity platformsubsidiary——
Auth0 Ltd.United KingdomsubsidiaryAuth0, LLC · index grouping—
Auth0 Argentina S.A.ArgentinasubsidiaryAuth0, LLC · index grouping—
Auth0 Uruguay S.A.UruguaysubsidiaryAuth0, LLC · index grouping—
Spera Cybersecurity, Inc.Identity security posturesubsidiary——
Spera Cybersecurity Ltd.IsraelsubsidiarySpera Cybersecurity, Inc. · index grouping—
Axiom Security Ltd.Privileged accesssubsidiary——
Okta Identity Ireland LimitedIrelandsubsidiary——
Okta Identity India Private LimitedIndiasubsidiary——
Okta Japan K.K.Japansubsidiary——
Okta UK LTDUnited Kingdomsubsidiary——
SaaSure Mexico, S. de R.L. de C.V.Mexico, under the company’s original namesubsidiary——
SaaSure Sweden ABSweden, under the company’s original namesubsidiary——
Two country entities still carry SaaSure, the name the company was incorporated under before it was Okta. [source]
T1 38 / 146 · 1 scored platform · 12 network entities

Palantir

scored: Palantir — B 9.90 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Palantir USG, Inc.United States government businesssubsidiary——
Palantir GSC Inc.Government servicessubsidiary——
Palantir International Inc.International holding companysubsidiary——
Palantir Technologies Holdings LLCHolding companysubsidiary——
Palantir Technologies UK, Ltd.United Kingdomsubsidiary——
Palantir Technologies GmbHGermanysubsidiary——
Palantir Technologies Geneva SàrlSwitzerlandsubsidiary——
Palantir Engineering Israel Ltd.Israeli engineeringsubsidiary——
Palantir Shakti Technologies Private LimitedIndiasubsidiary——
Palantir Technologies Japan, G.K.Japansubsidiary——
Palantir Technologies Australia Pty Ltd.Australiasubsidiary——
Palantir Technologies Canada Inc.Canadasubsidiary——
Every entity in this exhibit carries the company’s own name and a country. There are no acquired companies in it at all, which makes this perimeter unlike every other software platform on this map. [source]
T1 39 / 146 · 1 scored platform · 18 network entities

Intuit

scored: Intuit — B 6.43 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Intuit Consumer Group LLCConsumer businesssubsidiary——
Credit Karma, LLCConsumer credit platformsubsidiary——
Credit Karma Mortgage, Inc.Mortgage marketplacesubsidiaryCredit Karma, LLC · index grouping—
Credit Karma Offers, Inc.Offer marketplacesubsidiaryCredit Karma, LLC · index grouping—
Credit Karma Technologies, Ltd.CanadasubsidiaryCredit Karma, LLC · index grouping—
Credit Karma UK LimitedUnited KingdomsubsidiaryCredit Karma, LLC · index grouping—
The Rocket Science Group LLCMarketing software businesssubsidiary——
The Rocket Science Group Holdings, Inc.Holding companysubsidiaryThe Rocket Science Group LLC · index grouping—
TSheets.com LLCTime trackingsubsidiary——
TradeGecko Pte Ltd.Inventory managementsubsidiary——
Lacerte Software LLCProfessional tax softwaresubsidiary——
Mint Software Inc.Personal financesubsidiary——
Applatix Inc.Container orchestrationsubsidiary——
Origami Logic Inc.Marketing analyticssubsidiary——
Exactor, Inc.Sales-tax automationsubsidiary——
GoCo.IO, Inc.Human-resources softwaresubsidiary——
Intuit Financing Inc.Small-business lendingsubsidiary——
Intuit India Product Development Centre Private LimitedIndian engineeringsubsidiary——
The exhibit lists legal entities, and the brands a customer knows are not among them: the annual report records TurboTax, Credit Karma, QuickBooks and Mailchimp as trademarks of the company or one of its subsidiaries, without saying which entity holds which brand. So no brand is mapped onto an entity here. [source] [source 2]
T1 40 / 146 · 1 scored platform · 16 network entities

ServiceNow

scored: ServiceNow — B 5.66 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
ServiceNow Delaware LLCDomestic operating entitysubsidiary——
ServiceNow International B.V.International operationssubsidiary——
ServiceNow Ventures Holdings, Inc.Corporate venture armsubsidiary——
Moveworks, LLCAI assistant for enterprise supportsubsidiary——
UK Moveworks LimitedUnited KingdomsubsidiaryMoveworks, LLC · index grouping—
data.world, Inc.Data catalogue and governancesubsidiary——
LightStep, Inc.Observabilitysubsidiary——
Logik.io Inc.Configure-price-quotesubsidiary——
Mission Secure, Inc.Operational-technology securitysubsidiary——
Sweagle NVConfiguration data managementsubsidiary——
Swarm64 ASDatabase accelerationsubsidiary——
G2K Group GmbHRetail computer visionsubsidiary——
Raytion GmbHEnterprise search connectorssubsidiary——
4Industry B.V.Manufacturing operations softwaresubsidiary——
Contexeo SASFrancesubsidiary——
Service-now.com GmbHGermany, under the original domain namesubsidiary——
One German entity is still called Service-now.com GmbH, after the domain the company was founded on. [source]
T1 41 / 146 · 1 scored platform · 16 network entities

Workday

scored: Workday — B 4.73 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Workday International LLCInternational holding companysubsidiary——
Workday LimitedIreland, principal non-US operating entitysubsidiary——
Workday Ireland Holding Unlimited CompanyIrish holding companysubsidiary——
Adaptive Insights LLCFinancial planningsubsidiary——
Adaptive Insights LimitedUnited KingdomsubsidiaryAdaptive Insights LLC · index grouping—
Peakon ApSEmployee engagementsubsidiary——
VNDLY LLCContingent-workforce managementsubsidiary——
HiredScore LLCAI recruitingsubsidiary——
Evisort LLCContract intelligencesubsidiary——
Paradox, LLCConversational hiring assistantsubsidiary——
Paradox.AI Israel Ltd.IsraelsubsidiaryParadox, LLC · index grouping—
Sana Labs ABAI learning and searchsubsidiary——
FlowiseAI, LLCAgent building toolssubsidiary——
Pipedream, LLCWorkflow integrationsubsidiary——
Zimit LLCServices quotingsubsidiary——
‘Alohi Insurance, Inc.Captive insurer, Hawaiisubsidiary——
Nine of the entities above carry names that are not Workday’s, and they cover planning, engagement, recruiting, contracts, learning, agents and integration — the ring of functions around a human-resources system rather than the system itself. [source]
T1 42 / 146 · 1 scored platform · 5 network entities

Datadog

scored: Datadog — B 3.86 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Datadog Ireland LimitedPrincipal non-US operating entitysubsidiary——
Datadog Ireland Limited UK BranchUnited Kingdom, a branch rather than a companysubsidiaryDatadog Ireland Limited · index grouping—
Datadog France SASFrancesubsidiary——
Datadog Netherlands BVNetherlandssubsidiary——
Datadog Cloud Spain SLSpainsubsidiary——
The whole exhibit is five entities, four of them a single European country and one a branch. For a platform of this size that is a very thin corporate perimeter, and it is the shortest subsidiary list on this map. [source]
T1 43 / 146 · 1 scored platform · 15 network entities

Snowflake

scored: Snowflake — B 3.67 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Snowflake Holdings LLCHolding companysubsidiary——
Snowflake International Holdings Inc.International holding companysubsidiary——
Snowflake Investment Holdings LLCInvestment holding companysubsidiary——
Night Shift Development, Inc.Trades as Snowflake Public Sector: US government businesssubsidiary——
Crunchy Data Solutions, Inc.PostgreSQL platformsubsidiary——
Observe, LLCObservabilitysubsidiary——
Observe Switzerland SarlSwitzerlandsubsidiaryObserve, LLC · index grouping—
TensorStax, LLCData-engineering agentssubsidiary——
Tahoe Systems, LLCUS entitysubsidiary——
Mountain US CorporationUS corporate entitysubsidiary——
Cloudlet Information Technology (Beijing) Co. Ltd.Chinasubsidiary——
Snowflake Computing UK Ltd.United Kingdomsubsidiary——
Snowflake Computing Ireland LimitedIrelandsubsidiary——
SNFL Cloudtech India Private LimitedIndiasubsidiary——
Snowflake Cloudtech Israel Ltd.Israelsubsidiary——
The exhibit names the government business as one company trading under another name: Night Shift Development, Inc., doing business as Snowflake Public Sector, Inc. [source]
T1 44 / 146 · 1 scored platform · 18 network entities

Atlassian

scored: Atlassian — B 3.33 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Atlassian Pty. Ltd.Australian operating companysubsidiary——
Atlassian US, Inc.United States operating companysubsidiary——
Atlassian Holdings, Inc.US holding companysubsidiary——
Atlassian Network Services, Inc.Network operationssubsidiary——
Atlassian B.V.Netherlandssubsidiary——
Atlassian Ventures LLCCorporate venture armsubsidiary——
Trello, Inc.Kanban boardssubsidiary——
Loom, Inc.Asynchronous video messagingsubsidiary——
OpsGenie, Inc.Incident alertingsubsidiary——
Opsgenie Yazılım Anonim ŞirketiTurkey, where the product was builtsubsidiaryOpsGenie, Inc. · index grouping—
The Browser Company of New York Inc.Web browsersubsidiary——
AgileCraft LLCEnterprise agile planningsubsidiary——
Dogwood Labs, Inc.Deployment trackingsubsidiary——
Secoda Inc.Data cataloguesubsidiary——
AirTrack Software Pty. Ltd.Asset trackingsubsidiary——
Borneo Data Pte. Ltd.Data security posturesubsidiary——
Cycle App, Inc.Product feedbacksubsidiary——
A Software CompanyUS entity, named exactly that in the exhibitsubsidiary——
The company states in the exhibit that it is a holding company conducting substantially all of its business through certain of its subsidiaries, and that all of them are wholly owned. [source]
A web browser sits inside a developer-tools perimeter: The Browser Company of New York Inc. is listed among the wholly owned subsidiaries. [source]
T1 45 / 146 · 1 scored platform · 11 network entities

HubSpot

scored: HubSpot — B 2.53 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
APIHub, Inc.Data enrichment, trading as Clearbitsubsidiary——
HubSpot Ireland LimitedPrincipal non-US operating entitysubsidiary——
HubSpot UK Holdings LimitedUnited Kingdom holding companysubsidiary——
HubSpot Asia Pte. Ltd.Singaporesubsidiary——
HubSpot Germany GmbHGermanysubsidiary——
HubSpot France S.A.S.Francesubsidiary——
HubSpot Japan K.K.Japansubsidiary——
HubSpot India Private LimitedIndiasubsidiary——
HubSpot Canada Inc.Canadasubsidiary——
HubSpot Australia Pty LtdAustraliasubsidiary——
HubSpot Latin America S.A.S.Colombiasubsidiary——
One acquired company appears, under its legal name with its trading name attached in the exhibit itself: APIHub, Inc. doing business as Clearbit. Everything else is a country office. [source]
T1 46 / 146 · 1 scored platform · 11 network entities

Illumina

scored: Illumina — B 5.78 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Illumina Cambridge, Ltd.United Kingdom research and manufacturingsubsidiary——
Verinata Health, Inc.Prenatal testingsubsidiary——
Advanced Liquid Logic Inc.Digital microfluidicssubsidiary——
BlueBee Holding BVGenomic data analysissubsidiary——
Emedgene Technologies LtdVariant interpretationsubsidiary——
Fluent Biosciences Inc.Single-cell analysissubsidiary——
Illumina Singapore Genomics Pte. Ltd.Singapore manufacturingsubsidiary——
Illumina Netherlands B.V.Netherlandssubsidiary——
Illumina Canada ULCCanadasubsidiary——
Illumina Australia Pty. Ltd.Australiasubsidiary——
Illumina ABSwedensubsidiary——
The exhibit gives a doing-business-as name for every entity, and for most of them it is the legal name repeated. No GRAIL entity appears in it. [source]
T1 47 / 146 · 1 scored platform · 10 network entities

IQVIA

scored: IQVIA — B 5.18 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
IQVIA Inc.Principal US operating companysubsidiary——
IQVIA Ltd.United Kingdomsubsidiary——
IQVIA RDS Inc.Clinical research and development solutionssubsidiary——
IQVIA Biotech LLCServices for biotechnology sponsorssubsidiary——
IMS Health Group LimitedFrom IMS Health, one of the two companies that merged to form the groupsubsidiary——
IMS Health Networks LimitedData networks from the same side of the mergersubsidiary——
Quintiles West Africa LimitedFrom Quintiles, the other side of the mergersubsidiary——
Linguamatics LimitedNatural-language text miningsubsidiary——
DrugDev LimitedClinical-trial site networksubsidiary——
Cenduit LimitedRandomisation and trial supplysubsidiary——
The subsidiary listing runs to hundreds of entities across every region; the rows above are a selection by recognisability, not a summary of the group. [source]
Both predecessor names are still visible as legal entities: entities called IMS Health and entities called Quintiles sit side by side in the same listing under the present company. The exhibit records what is owned and gives no dates, so none is claimed here. [source]
T1 48 / 146 · 1 scored platform · 16 network entities

Thermo Fisher

scored: Thermo Fisher — B 4.38 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Fisher Scientific Company L.L.C.Laboratory products distributionsubsidiary——
Life Technologies CorporationLife-sciences reagents and instrumentssubsidiary——
Invitrogen LLCMolecular biology reagentssubsidiaryLife Technologies Corporation · index grouping—
Applied Biosystems, LLCGenetic analysis instrumentssubsidiaryLife Technologies Corporation · index grouping—
Affymetrix, IncMicroarrayssubsidiary——
Patheon Holdings LLCContract pharmaceutical manufacturingsubsidiary——
Patheon Biologics LLCBiologics manufacturingsubsidiaryPatheon Holdings LLC · index grouping—
PPD Holdings, LLCClinical research organisationsubsidiary——
PPD Services, Inc.Clinical research servicessubsidiaryPPD Holdings, LLC · index grouping—
Brammer Bio Holding Company, LLCViral vector manufacturingsubsidiary——
The Binding Site Group LimitedSpecialty diagnosticssubsidiary——
Olink Holding ABProteomicssubsidiary——
Olink Proteomics ABOperating companysubsidiaryOlink Holding AB · index grouping—
CorEvitas, LLCReal-world evidence registriessubsidiary——
Dionex CorporationChromatographysubsidiary——
Peprotech Holding LLCRecombinant proteinssubsidiary——
This is the longest subsidiary exhibit on the map by a wide margin, and the rows above are a selection by recognisability. Many of the names are companies that were once independent instrument or reagent makers and are now legal entities inside one perimeter. [source]
T1 49 / 146 · 1 scored platform · 0 network entities

Veeva Systems

scored: Veeva Systems — B 3.88 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
The subsidiary exhibit of this company contains no subsidiaries. It states that as of 31 January 2026 Veeva Systems Inc. has no significant subsidiaries as defined in Rule 1-02(w) of Regulation S-X. That is the entire corporate perimeter, and it is the only map here with nothing on it. [source]
T1 50 / 146 · 1 scored platform · 4 network entities

Visa

scored: Visa — B 8.82 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Visa International Service AssociationThe international scheme entitysubsidiary——
Visa U.S.A. Inc.The United States scheme entitysubsidiary——
Visa Europe LimitedEuropesubsidiary——
Visa Worldwide Pte. LimitedAsia-Pacificsubsidiary——
Four entities in the whole exhibit, and they are the network split by region rather than a set of acquired businesses. The perimeter of a payment scheme looks nothing like that of a software platform of comparable reach. [source]
T1 51 / 146 · 1 scored platform · 11 network entities

Mastercard

scored: Mastercard — B 8.14 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Mastercard International IncorporatedThe principal scheme entitysubsidiary——
Mastercard Europe SAEurope, Belgiumsubsidiary——
Mastercard Europe Services LimitedEuropean servicessubsidiary——
Mastercard Asia/Pacific Pte. Ltd.Asia-Pacificsubsidiary——
Mastercard Middle East Africa FZ-LLCMiddle East and Africasubsidiary——
Mastercard Payment Gateway Services LimitedGateway servicessubsidiary——
Mastercard Payment Gateway Services Group LimitedGateway holding companysubsidiaryMastercard Payment Gateway Services Limited · index grouping—
Mastercard Technologies, LLCTechnology operationssubsidiary——
Mastercard/Europay U.K. LimitedUnited Kingdom, under a name from the Europay sidesubsidiary——
Mastercard US Holdings LLCUS holding companysubsidiary——
Global Mastercard Holdings LPPartnership holding structure, United Kingdomsubsidiary——
Like the other scheme on this map, the perimeter is the network cut by region and function rather than a collection of acquired companies. [source]
T1 52 / 146 · 1 scored platform · 12 network entities

Robinhood

scored: Robinhood — B 1.16 · TRANSITION
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Robinhood Financial LLCThe introducing broker-dealersubsidiary——
Robinhood Securities, LLCThe clearing broker: where customer positions are actually heldsubsidiary——
Robinhood Crypto, LLCCrypto tradingsubsidiary——
Robinhood Derivatives, LLCFutures and derivativessubsidiary——
Robinhood Money, LLCSpending and cash accountssubsidiary——
Robinhood Credit, Inc.Credit cardsubsidiary——
Robinhood Gold, LLCThe subscription tier, as its own entitysubsidiary——
Robinhood Asset Management, LLCManaged portfoliossubsidiary——
Bitstamp USA, Inc.Crypto exchangesubsidiary——
Trade-PMR, Inc.Custody and technology for registered investment adviserssubsidiary——
Sherwood Reinsurance Company, Inc.Captive reinsurer, Hawaiisubsidiary——
Robinhood Ventures Fund IVenture fundsubsidiary——
The exhibit states that every entity listed is a wholly owned direct or indirect subsidiary, and the product tiers a customer sees — the subscription, the card, the cash account — are each a separate legal company rather than a feature of one. [source]
T1 53 / 146 · 1 scored platform · 11 network entities

MercadoLibre

scored: MercadoLibre — B 5.87 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
MercadoLibre S.R.L.Argentina, the original marketplace companysubsidiary——
MercadoLivre.com Atividades de Internet Ltda.Brazil, the largest marketsubsidiary——
MercadoLibre Chile Ltda.Chilesubsidiary——
Mercado Pago Instituição de Pagamento Ltda.Licensed payment institution, Brazilsubsidiary——
MercadoPago Servicios de Procesamiento S.R.L.Payment processing, Argentinasubsidiary——
Mercado Pago Asset Management S.A.Asset management, Argentinasubsidiary——
Mercado Crédito Sociedade de Crédito, Financiamento e Investimento S.A.Licensed lender, Brazilsubsidiary——
Mercado Envios Transporte Ltda.Logistics, Brazilsubsidiary——
Meli Log S.R.L.Logistics, Argentinasubsidiary——
Kangu Participações S.A.Logistics networksubsidiary——
DeRemate.com de Argentina S.A.Entity from the acquired competitor of the same erasubsidiary——
The exhibit states that all subsidiaries are wholly owned, directly or indirectly. The marketplace, the payment institution, the lender and the logistics network are separate licensed companies in each country rather than divisions of one. [source]
T1 54 / 146 · 1 scored platform · 8 network entities

Coupang

scored: Coupang — B 3.72 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Coupang Corp.The Korean operating companysubsidiary——
Coupang Global LLCUS holding companysubsidiary——
Coupang Fulfillment Services, Ltd.Warehousing and fulfilmentsubsidiary——
Coupang Logistics Services Ltd.Last-mile deliverysubsidiary——
Coupang Pay, Ltd.Paymentssubsidiary——
Coupang Eats Services Ltd.Food deliverysubsidiary——
CPLB Corp.Private-label goodssubsidiary——
Surpique Acquisition LimitedEngland and Walessubsidiary——
Delivery is not outsourced and is not a division: fulfilment and last-mile are each a separate licensed company, which is what lets this retailer control the whole path to the door. [source]
T1 55 / 146 · 1 scored platform · 12 network entities

DoorDash

scored: DoorDash — B 2.24 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Wolt OyEuropean delivery platformsubsidiary——
Wolt Services OyOperating services company, FinlandsubsidiaryWolt Oy · index grouping—
Wolt Financial Solutions OyPaymentssubsidiaryWolt Oy · index grouping—
Deliveroo LimitedUnited Kingdom delivery platformsubsidiary——
RooFoods LTDThe original operating companysubsidiaryDeliveroo Limited · index grouping—
Deliveroo International LTDInternational operationssubsidiaryDeliveroo Limited · index grouping—
Deliveroo DMCCUnited Arab EmiratessubsidiaryDeliveroo Limited · index grouping—
SevenRooms, LLCRestaurant guest managementsubsidiary——
SevenRooms Holdings LtdUnited Kingdom holding companysubsidiarySevenRooms, LLC · index grouping—
Symbiosys LLCAdvertising technologysubsidiary——
DoorDash Essentials, LLCConvenience and grocerysubsidiary——
DoorDash G&C, LLCUS entitysubsidiary——
Two European delivery platforms that were once competitors of this company, and of each other, are now legal entities inside the same perimeter, each keeping its own name and its own operating companies. [source]
T1 56 / 146 · 1 scored platform · 7 network entities

Airbnb

scored: Airbnb — B 2.10 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Airbnb Ireland UCThe contracting entity for most of the world outside the United Statessubsidiary——
Airbnb Payments, Inc.Payments, United Statessubsidiary——
Airbnb Payments UK Ltd.Payments, United Kingdomsubsidiary——
Airbnb Payments Luxembourg S.A.Payments, Luxembourgsubsidiary——
Airbnb Stays, Inc.Stays businesssubsidiary——
Airbnb Treasury Services LLCTreasurysubsidiary——
Airbnb Plataforma Digital Ltda.Brazilsubsidiary——
Four of the seven significant subsidiaries are payment companies in different jurisdictions. Holding the money between guest and host is the part of this business that needs its own licensed entities. [source]
T1 57 / 146 · 1 scored platform · 6 network entities

eBay

scored: eBay — B 1.71 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
eBay Commerce Inc.United States operating companysubsidiary——
eBay International Holding GmbHInternational holding company, Switzerlandsubsidiary——
eBay Marketplaces GmbHMarketplace operations, Switzerlandsubsidiary——
eBay GmbHGermanysubsidiary——
eBay (UK) LimitedUnited Kingdomsubsidiary——
eBay SarlLuxembourgsubsidiary——
Six entities in the exhibit, all carrying the marketplace name. Nothing acquired appears under its own name, in contrast to every other marketplace of this size on the map. [source]
T1 58 / 146 · 1 scored platform · 12 network entities

Roblox

scored: Roblox — B 4.79 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Roblox Advertising Services, LLCAdvertisingsubsidiary——
Roblox Prepaid Company, LLCPrepaid credit and gift cardssubsidiary——
Roblox Community Fund, PB LLCPublic-benefit company for community fundingsubsidiary——
Guilded, LLCCommunity chat and voicesubsidiary——
Byfron Technologies LLCAnti-cheat technologysubsidiary——
Speechly, Inc.Speech recognitionsubsidiary——
BloxWorks, LLCUS entitysubsidiary——
Roblox China Holding CorporationChina holding company, Cayman Islandssubsidiary——
Roblox (Shenzhen) Digital Science and Technology, Co., LtdChinasubsidiaryRoblox China Holding Corporation · index grouping—
Roblox Korea LimitedKoreasubsidiary——
Roblox UK LimitedUnited Kingdomsubsidiary——
Roblox India Services Private LimitedIndiasubsidiary——
The platform’s own currency and its safety layer are separate companies: a prepaid company for credit, and an anti-cheat company acquired under its own name. [source]
T1 59 / 146 · 1 scored platform · 9 network entities

Snapchat

scored: Snapchat — B 0.91 · TRANSITION
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Snap LLCUS operating entitysubsidiary——
Snap Group LimitedUnited Kingdom, the international hubsubsidiary——
Snap Intermediate Inc.Intermediate holding companysubsidiary——
Wave Optics LimitedWaveguide displays for smart glassessubsidiary——
Snap Camera GmbHGermany, camera engineeringsubsidiary——
Snap Group SASFrancesubsidiary——
Snap Aus Pty LtdAustraliasubsidiary——
Snap ULCCanadasubsidiary——
Oleander LLCUS entitysubsidiary——
One entity in the exhibit makes optical hardware rather than software: a waveguide display company, which is the part of the spectacles product that cannot be bought off a shelf. [source]
T1 60 / 146 · 1 scored platform · 1 network entities

Pinterest

scored: Pinterest — B 1.00 · TRANSITION
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Pinterest Europe LimitedIreland: the only significant subsidiary in the exhibitsubsidiary——
The exhibit lists exactly one company. Everything else is omitted as insignificant in the aggregate, so the entire disclosed corporate perimeter of this platform is a single Irish entity. [source]
T1 61 / 146 · 1 scored platform · 11 network entities

Reddit

scored: Reddit — B 2.15 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Reddit Sub Holding Company, Inc.Holding companysubsidiary——
Reddit Ireland LimitedIrelandsubsidiary——
Reddit UK LimitedUnited Kingdomsubsidiary——
Dubsmash Inc.Short-form videosubsidiary——
Spiketrap Inc.Contextual advertising signalssubsidiary——
Spell, LLCMachine-learning infrastructuresubsidiary——
Memorable AI LLCAdvertising creative predictionsubsidiary——
Reddit Technologies India Private LimitedIndia engineeringsubsidiary——
Reddit Community Network India Private LimitedIndia community operationssubsidiary——
Reddit Germany GmbHGermanysubsidiary——
Reddit Netherlands B.V.Netherlandssubsidiary——
The exhibit says it includes entities that are not significant subsidiaries, so this list is fuller than the comparable ones on this map. Four acquired companies appear under their own names, three of them advertising or machine-learning tooling. [source]
T1 62 / 146 · 1 scored platform · 9 network entities

Twilio

scored: Twilio — B 2.18 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Twilio Ireland LimitedPrincipal non-US operating entitysubsidiary——
Twilio UK LimitedEngland and Walessubsidiary——
Teravoz Telecom Telecomunicacoes Ltda.Brazilian telecommunications, under an acquired namesubsidiary——
Twilio Technology India Private LimitedIndia engineeringsubsidiary——
Twilio Estonia OÜEstoniasubsidiary——
Twilio Germany GmbHGermanysubsidiary——
Twilio Japan GKJapansubsidiary——
Twilio Singapore Pte. Ltd.Singaporesubsidiary——
Twilio Canada Corp.Canadasubsidiary——
One entity in the list is a licensed telecommunications company rather than a software one, which is what a communications platform needs to originate and terminate calls in a country. [source]
T1 63 / 146 · 1 scored platform · 8 network entities

Unity Technologies

scored: Unity Technologies — B 2.89 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Unity Technologies SFThe principal US operating companysubsidiary——
Unity Technologies ApSDenmark, where the engine was first builtsubsidiary——
Unity International Holdings LLCInternational holding companysubsidiary——
Unity Software LimitedUnited Kingdomsubsidiary——
ironSource Ltd.Mobile monetisation and user acquisitionsubsidiary——
ironSource Mobile Ltd.IsraelsubsidiaryironSource Ltd. · index grouping—
ironSource USA, Inc.United StatessubsidiaryironSource Ltd. · index grouping—
Tapjoy Inc.In-app advertising and rewardssubsidiary——
Half of the exhibit is advertising rather than engine technology: the company that sells the tool developers build with also owns the network they monetise through. [source]
T1 64 / 146 · 1 scored platform · 8 network entities

Netflix

scored: Netflix — B 1.00 · TRANSITION
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Netflix International B.V.The Netherlands, international operationssubsidiary—100%
Netflix Studios, LLCProductionsubsidiary—100%
Netflix Worldwide Entertainment, LLCContent licensing worldwidesubsidiary—100%
Netflix Pte. Ltd.Singaporesubsidiary—100%
Netflix Services UK LimitedUnited Kingdomsubsidiary—100%
Netflix Services France S.A.S.Francesubsidiary—100%
Netflix Services Germany GmbHGermanysubsidiary—100%
Netflix México S. de R.L. de C.V.Mexicosubsidiary—100%
This exhibit is one of the few that prints an ownership percentage against every entity, and every one of them reads 100 per cent. [source]
T1 65 / 146 · 1 scored platform · 11 network entities

Moderna

scored: Moderna — B 1.86 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Moderna Services, Inc.US services companysubsidiary——
Moderna Biotech UK LimitedUnited Kingdomsubsidiary——
Moderna Biotech Manufacturing UK Ltd.UK manufacturingsubsidiaryModerna Biotech UK Limited · index grouping—
Moderna Biotech Distributor UK Ltd.UK distributionsubsidiaryModerna Biotech UK Limited · index grouping—
Moderna Biotech Spain, S.L.U.Spainsubsidiary——
Moderna Biotech Singapore Pte. Ltd.Singaporesubsidiary——
Moderna Manufacturing Australia Pty Ltd.Australian manufacturingsubsidiary——
Moderna Manufacturing Canada Corp.Canadian manufacturingsubsidiary——
Moderna Enzymatics Co., Ltd.Japan, enzymessubsidiary——
Moderna Clinical Supply Distributor, LLCClinical supplysubsidiary——
Moderna Charitable Foundation, Inc.Foundationsubsidiary——
Manufacturing appears as a separate company in several countries, which is what a supply agreement with a national government generally requires. [source]
T1 66 / 146 · 1 scored platform · 10 network entities

Qualcomm

scored: Qualcomm — B 5.21 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Qualcomm Technologies, Inc.Holds the operating business and most of the patents licensed by the parentsubsidiary——
Qualcomm Technologies International, Ltd.United Kingdomsubsidiary——
QUALCOMM India Private LimitedIndia engineeringsubsidiary——
QUALCOMM CDMA Technologies Asia-Pacific Pte. Ltd.Asia-Pacificsubsidiary——
Qualcomm Global Trading Pte. LtdTrading, Singaporesubsidiary——
NuVia, Inc.CPU designsubsidiary——
Arriver US, Inc.Automotive perception softwaresubsidiary——
Qualcomm Auto LimitedAutomotive, United Kingdomsubsidiary——
RF360 Europe GmbHRadio-frequency front-endsubsidiary——
RF360 Technology (Wuxi) Co., Ltd.Radio-frequency, Chinasubsidiary——
The licensing business and the chip business sit in different companies: the exhibit separates the parent from the technologies entity, which is the structure the company’s patent disputes have repeatedly turned on. [source]
T1 67 / 146 · 1 scored platform · 10 network entities

Autodesk

scored: Autodesk — B 3.62 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Autodesk Global, Inc.US entitysubsidiary——
Autodesk Global Holdings LimitedIrish holding companysubsidiary——
ADSK Ireland LimitedIrelandsubsidiary——
Autodesk Development S.á.r.l.Development, Switzerlandsubsidiary——
Autodesk (EMEA) SárlEurope, Middle East and Africasubsidiary——
Autodesk (China) Software Research and Development Co., Ltd.China research and developmentsubsidiary——
Autodesk Canada Co.Canadasubsidiary——
Autodesk Far East LimitedHong Kongsubsidiary——
Autodesk Direct LimitedDirect sales, United Kingdomsubsidiary——
Autodesk Finance Holdings Limited (Ireland)Finance holding companysubsidiary——
The exhibit is almost entirely geography: a country company per market, with the intellectual property and finance holding entities in Ireland and Switzerland. Nothing acquired appears under its own name. [source]
T1 68 / 146 · 1 scored platform · 2 network entities

TSMC

scored: TSMC — B 12.28 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
TSMC Global Ltd.Investment and treasury, British Virgin Islandssubsidiary——
TSMC Arizona CorporationUnited States manufacturingsubsidiary——
Two entities. The company that makes most of the world’s advanced logic discloses a corporate perimeter of two significant subsidiaries, everything else being omitted as insignificant in the aggregate. What matters here is concentrated in the parent, in one jurisdiction, and the exhibit says so by what it leaves out. [source]
T1 69 / 146 · 1 scored platform · 12 network entities

ASML

scored: ASML — B 9.62 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
ASML Germany GmbHGermany, Dresdensubsidiary——
ASML Berlin GmbHOptical components, formerly Berliner Glassubsidiary——
Hermes Microvision Co., Ltd. (Beijing)E-beam inspectionsubsidiary——
Cymer Japan, Inc.Light sources, Japansubsidiary——
Cymer Semiconductor Equipment (Shanghai) Co. Ltd.Light sources, Chinasubsidiary——
Brion Technologies (Shenzhen) Co. Ltd.Computational lithographysubsidiary——
ASML Israel (2001) Ltd.Israelsubsidiary——
ASML Japan Co. Ltd.Japansubsidiary——
ASML Equipment Malaysia Sdn. Bhd.Malaysiasubsidiary——
ASML France S.a.r.l.Francesubsidiary——
ASML Ireland Ltd.Irelandsubsidiary——
ASML Belgium B.V.Belgiumsubsidiary——
The names that are not ASML’s own are the three technologies the machine cannot be built without and that the company bought rather than developed: the light source, the computational lithography, and the electron-beam inspection. [source]
T1 70 / 146 · 1 scored platform · 10 network entities

Nubank

scored: Nubank — B 5.21 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Nu Pagamentos S.A.Payment institution: the card and prepaid accountssubsidiary——
Nu Financeira S.A.Licensed lendersubsidiary——
Nu Investimentos S.AInvestment platform brokeragesubsidiary——
Nu Asset Management Ltda.Fund managersubsidiary——
Nu Corretora de Seguros Ltda.Insurance brokeragesubsidiary——
NuPay for Business Instituição de Pagamento Ltda.Payment hub for businessessubsidiary——
NuCommerce Ltda.Services platformsubsidiary——
Nu Brasil Tecnologia Ltda.Information technologysubsidiary——
Nu Brasil Serviços Ltda.Administrative servicessubsidiary——
Nu Canais Ltda.Insurance commissionsubsidiary——
The exhibit gives each entity a principal activity, and read down the column they are the separate licences a bank needs in Brazil: payments, lending, brokerage, fund management, insurance. The single app a customer sees is assembled from them. [source]
T1 71 / 146 · 1 scored platform · 10 network entities

PDD Holdings

scored: PDD/Temu — B 1.86 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Whaleco Inc.The United States entity of the international marketplacesubsidiary——
Whaleco Technology LimitedIrelandsubsidiary——
Elementary Innovation Pte. Ltd.Singaporesubsidiary——
Pinduoduo (Shanghai) Network Technology Co.,Ltd.Domestic marketplace technologysubsidiary——
Hangzhou Weimi Network Technology Co., Ltd.Chinese mainland operationssubsidiary——
HongKong Walnut Street LimitedHong Kong holding companysubsidiary——
Pinduoduo Investment LimitedInvestment vehicle, British Virgin Islandssubsidiary——
Radiance Sea Group LimitedCayman Islands holding companysubsidiary——
Hangzhou Aimi Network Technology Co., Ltd.Consolidated variable interest entity: controlled by contract, not by shareholdingaffiliate——
Shanghai Xunmeng Information Technology Co., Ltd.Subsidiary of the variable interest entitysubsidiaryHangzhou Aimi Network Technology Co., Ltd. · index grouping—
The exhibit separates ordinary subsidiaries from a consolidated variable interest entity and its own subsidiary. The Chinese operating licences sit in the contractual structure rather than in the listed company, which is why the two are listed under different headings. [source]
T1 72 / 146 · 1 scored platform · 12 network entities

Coinbase

scored: Coinbase — B 1.83 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Coinbase, Inc.The United States exchangesubsidiary——
Coinbase Custody Trust Company, LLCNew York limited-purpose trust company holding customer assetssubsidiary——
Coinbase Custody International LimitedCustody, Irelandsubsidiary——
Coinbase Financial Markets, Inc.Broker-dealersubsidiary——
Coinbase Capital Markets CorporationCapital marketssubsidiary——
Coinbase Derivatives, LLCDerivatives exchangesubsidiary——
Coinbase Credit, Inc.Lendingsubsidiary——
Coinbase Asset Management, LLCAsset managementsubsidiary——
Coinbase Europe LimitedEurope, Irelandsubsidiary——
Coinbase Ireland LimitedIrelandsubsidiary——
Coinbase Luxembourg S.A.Luxembourgsubsidiary——
CB Payments, LtdPayments, United Kingdomsubsidiary——
Custody is a separate trust company chartered in New York, which is what puts customer assets in a different legal container from the exchange that trades them. The rest of the perimeter is one licence per activity and one entity per jurisdiction — the shape of a regulated intermediary, not of a protocol. [source]
T1 73 / 146 · 1 scored platform · 13 network entities

Grab

scored: Grab — B 3.52 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Grabtaxi Holdings Pte. Ltd.Principal operating holding company, Singaporesubsidiary——
MyTeksi Sdn. Bhd.Malaysia, the company the group started assubsidiary——
MyTaxi.PH, Inc.Philippinessubsidiary——
Grabtaxi (Thailand) Co., Ltd.Thailandsubsidiary——
PT Grab Teknologi IndonesiaIndonesiasubsidiary——
Grab Company LimitedVietnamsubsidiary——
GrabCar Pte. Ltd.Ride-hailing, Singaporesubsidiary——
Grab Rentals Pte. Ltd.Vehicle rentalsubsidiary——
GPay Network (S) Pte. Ltd.Paymentssubsidiary——
GP Network Asia Pte. Ltd.Payments networksubsidiary——
PT Kudo Teknologi IndonesiaAgent network, Indonesiasubsidiary——
PT Solusi Pengiriman IndonesiaDelivery, Indonesiasubsidiary——
Jaya Grocer Holdings Sdn. Bhd.Grocery retail, Malaysiasubsidiary——
A supermarket chain sits inside a ride-hailing perimeter, alongside payments companies and a vehicle-rental company. The exhibit shows how much of what a super-app offers is owned rather than partnered. [source]
T1 74 / 146 · 1 scored platform · 12 network entities

Synopsys and Cadence

scored: Synopsys/Cadence (EDA Duopoly) — B 13.50 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Synopsys International LimitedIreland, principal international entitysubsidiary——
ANSYS, Inc.Simulation softwaresubsidiary——
ANSYS France SASFrancesubsidiaryANSYS, Inc. · index grouping—
ANSYS UK LimitedUnited KingdomsubsidiaryANSYS, Inc. · index grouping—
ANSYS Luxembourg Holding Company S.à.r.l.Luxembourg holding companysubsidiaryANSYS, Inc. · index grouping—
Synopsys (India) Private LimitedIndia engineeringsubsidiary——
Synopsys Taiwan Co., Ltd.Taiwansubsidiary——
Cadence Design Systems LLCThe other half of the duopoly: principal US entityaffiliate——
Cadence Design Systems (Ireland) LimitedIrelandaffiliate——
Cadence Design Systems (India) Private LimitedIndia engineeringaffiliate——
BETA CAE Systems International AGSimulation software, held by Cadenceaffiliate——
Apex Semiconductor LLC.Held by Cadenceaffiliate——
This is the one scored entry that stands for two companies, so the map carries both perimeters and marks the second one as an affiliate of the entry rather than of the first company. They are not related to each other in law. [source] [source 2]
Both halves of the duopoly bought a simulation company in the same period, and both kept it under its own name: one holds ANSYS, the other holds BETA CAE. Cadence states in its exhibit that all of its subsidiaries are wholly owned. [source]
T1 75 / 146 · 1 scored platform · 12 network entities

Deere & Company

scored: Deere & Company — B 4.68 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
John Deere Capital CorporationThe finance armsubsidiary——
John Deere Bank S.A.Licensed bank, LuxembourgsubsidiaryJohn Deere Capital Corporation · index grouping—
John Deere Financial Inc.Financial servicessubsidiaryJohn Deere Capital Corporation · index grouping—
Deere Credit, Inc.CreditsubsidiaryJohn Deere Capital Corporation · index grouping—
John Deere Receivables LLCReceivables fundingsubsidiaryJohn Deere Capital Corporation · index grouping—
Wirtgen GmbHRoad construction equipmentsubsidiary——
Hamm AGCompaction equipmentsubsidiaryWirtgen GmbH · index grouping—
Wirtgen America, Inc.United StatessubsidiaryWirtgen GmbH · index grouping—
John Deere Forestry OyForestry machines, Finlandsubsidiary——
John Deere India Private LimitedIndiasubsidiary——
John Deere Canada ULCCanadasubsidiary——
John Deere Asia (Singapore) Private LimitedAsiasubsidiary——
A tractor maker that owns a licensed bank. The finance arm has its own bank in Luxembourg and its own receivables vehicles, so the credit that puts a machine on a farm is issued from inside the same perimeter as the machine. [source]
T1 76 / 146 · 1 scored platform · 11 network entities

Corning

scored: Corning — B 3.84 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Corning Optical Communications LLCOptical fibre and cablesubsidiary——
Corning Optical Communications RF LLCRadio-frequency componentssubsidiaryCorning Optical Communications LLC · index grouping—
Corning Display Technologies Taiwan Co., Ltd.Display glass, Taiwansubsidiary——
Corning Display Technologies (China) Co., Ltd.Display glass, Chinasubsidiary——
Hemlock Semiconductor, L.L.C.Polysilicon for semiconductors and solarsubsidiary——
Hemlock Holdings LLCHolding companysubsidiaryHemlock Semiconductor, L.L.C. · index grouping—
Alliance Fiber Optic Products, Inc.Optical componentssubsidiary——
Axygen Holdings CorporationLife-sciences plasticwaresubsidiary——
Corning Life Sciences (Wujiang) Co., Ltd.Life sciences, Chinasubsidiary——
Corning Automotive Glass Solutions (Hefei) Co., Ltd.Automotive glass, Chinasubsidiary——
Corning (Hainan) Optical Communications Co., Ltd.Optical communications, Chinasubsidiary——
The perimeter is one glass company per application — display, optical, automotive, life sciences — and a polysilicon business that is not glass at all. [source]
T1 77 / 146 · 1 scored platform · 10 network entities

Linde

scored: Linde — B 3.53 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
BOC LimitedThe British industrial-gas company, under its own namesubsidiary——
BOC Group B.V.Netherlands holding companysubsidiaryBOC Limited · index grouping—
BOC Australia Pty LimitedAustraliasubsidiaryBOC Limited · index grouping—
BOC Kenya plcKenya, separately listedsubsidiaryBOC Limited · index grouping—
BOC Gases Ireland LimitedIrelandsubsidiaryBOC Limited · index grouping—
Linde Electronics GmbHElectronic-materials gasessubsidiary——
Linde Electronics B.V.Electronic materials, Netherlandssubsidiary——
Linde Advanced Material Technologies Inc.Surface technologiessubsidiary——
Linde Canada Inc.Canadasubsidiary——
Linde (Thailand) Public Company LimitedThailand, separately listedsubsidiary——
The exhibit is one of the longest here and it carries two heritages at once: entities named Linde and entities named BOC, decades after the companies behind those names stopped being separate. [source]
T1 78 / 146 · 1 scored platform · 12 network entities

Clarivate

scored: Clarivate (Web of Science) — B 4.99 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Clarivate Analytics (International) LimitedInternational holding companysubsidiary——
Ex Libris Group Holdings Corp.Library systemssubsidiary——
Ex Libris (UK) LimitedUnited KingdomsubsidiaryEx Libris Group Holdings Corp. · index grouping—
Ex Libris (Deutschland) GmbHGermanysubsidiaryEx Libris Group Holdings Corp. · index grouping—
CPA Global Group Holdings LimitedIntellectual-property managementsubsidiary——
CPA Global LimitedOperating companysubsidiaryCPA Global Group Holdings Limited · index grouping—
CPA Global Patent Research LLCPatent researchsubsidiaryCPA Global Group Holdings Limited · index grouping—
Decision Resources, LLCHealthcare market researchsubsidiary——
DRG Holdco Inc.Holding companysubsidiaryDecision Resources, LLC · index grouping—
Clarivate Analytics (Compumark) LimitedTrademark researchsubsidiary——
Clarivate Analytics (India) Private LimitedIndiasubsidiary——
Clarivate Analytics (Japan) Co. Ltd.Japansubsidiary——
The company that runs the citation index also owns the library system, the trademark search service and the patent-renewal business. Several of the research infrastructures a university pays for separately sit inside one perimeter here. [source]
T1 79 / 146 · 1 scored platform · 11 network entities

Coursera

scored: Coursera — B 0.64 · GROWING GRAVITY
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Coursera International Holdings, LLCInternational holding companysubsidiary——
Coursera Europe B.V.Netherlandssubsidiary——
Coursera UK LimitedUnited Kingdomsubsidiary——
Coursera India Private LimitedIndia, the largest learner base outside the United Statessubsidiary——
Coursera Germany GmbHGermanysubsidiary——
Coursera France SASFrancesubsidiary——
Coursera Canada LimitedCanadasubsidiary——
Coursera Australia Pty LtdAustraliasubsidiary——
Coursera Singapore Pte. LimitedSingaporesubsidiary——
Coursera FZ-LLCUnited Arab Emiratessubsidiary——
Chess Merger Sub, Inc.Merger vehiclesubsidiary——
Every entity is a country office. The content on this platform comes from universities under contract rather than from companies inside the perimeter, and the exhibit reflects that: there is nothing here but geography. [source]
T1 80 / 146 · 1 scored platform · 8 network entities

AT&T

scored: AT&T — B 3.21 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
AT&T Teleholdings, Inc.Holds several of the regional operating companiessubsidiary——
Illinois Bell Telephone Company, LLCTrades as AT&T IllinoissubsidiaryAT&T Teleholdings, Inc. · index grouping—
Indiana Bell Telephone Company, LLCTrades as AT&T IndianasubsidiaryAT&T Teleholdings, Inc. · index grouping—
Michigan Bell Telephone Company, LLCTrades as AT&T MichigansubsidiaryAT&T Teleholdings, Inc. · index grouping—
The Ohio Bell Telephone Company, LLCTrades as AT&T OhiosubsidiaryAT&T Teleholdings, Inc. · index grouping—
Nevada Bell Telephone Company, LLCTrades as AT&T Nevadasubsidiary——
Pacific Bell Telephone CompanyTrades as AT&T Californiasubsidiary——
Southwestern Bell Telephone Company, LLCTrades as AT&T Texas and five other state namessubsidiary——
The exhibit prints a third column for the names each company does business under, and reading it is a map of the old Bell system: the state telephone companies still exist as legal entities and still carry their original names. [source]
T1 81 / 146 · 1 scored platform · 10 network entities

Marqeta

scored: Marqeta — B 1.52 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Marqeta Payments, LLCPayments operationssubsidiary——
Marqeta Services, LLCServicessubsidiary——
Power Finance Inc.Credit-card programme platformsubsidiary——
TransactPay Holdings, Inc.European licensed issuingsubsidiary——
Transact Payments LimitedGibraltarsubsidiaryTransactPay Holdings, Inc. · index grouping—
Transact Payments Malta LimitedMaltasubsidiaryTransactPay Holdings, Inc. · index grouping—
Transact Payments Services Limited UKUnited KingdomsubsidiaryTransactPay Holdings, Inc. · index grouping—
Marqeta UK LtdUnited Kingdomsubsidiary——
Marqeta Singapore Pte. Ltd.Singaporesubsidiary——
Marqeta do Brasil Processadora e Servicos LTDABrazilsubsidiary——
A card-issuing platform that buys its own European licences rather than renting them: the Gibraltar and Malta entities are what let it issue in Europe without a partner bank in each country. [source]
T1 82 / 146 · 1 scored platform · 11 network entities

Figma

scored: Figma — B 2.54 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Figma International, LLCInternational holding companysubsidiary——
Figma Ireland LimitedIrelandsubsidiary——
Figma UK Ltd.United Kingdomsubsidiary——
Figma India Private LimitedIndiasubsidiary——
Figma Japan K.K.Japansubsidiary——
Figma Ventures LLCCorporate venture armsubsidiary——
Payload CMS, LLCHeadless content managementsubsidiary——
Weavy Inc.AI image toolingsubsidiary——
Weavy AI Ltd.IsraelsubsidiaryWeavy Inc. · index grouping—
Visly Inc.Design toolingsubsidiary——
Vmlapp Sweden ABSwedensubsidiary——
A recently listed company whose exhibit already carries four acquired names, two of them in tooling adjacent to the core editor rather than inside it. [source]
T1 83 / 146 · 1 scored platform · 9 network entities

monday.com

scored: Monday.com — B 1.33 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
monday.com Inc.United Statessubsidiary——
monday.com UK 2020 Ltd.United Kingdomsubsidiary——
monday.com GmbHGermanysubsidiary——
monday.com SASFrancesubsidiary——
monday.com K.K.Japansubsidiary——
monday.com Pty Ltd.Australiasubsidiary——
monday.com PTE .LTD.Singaporesubsidiary——
monday.com Ltda.Brazilsubsidiary——
monday.com SP .Z O.O.Polandsubsidiary——
Nine entities, all of them the same name with a country suffix. The parent is Israeli and everything else is a sales office; nothing has been acquired. [source]
T1 84 / 146 · 1 scored platform · 4 network entities

Shopify

scored: Shopify — B 3.47 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Shopify LLCUnited Statessubsidiary——
Shopify Holdings (USA) 2 Inc.US holding companysubsidiary——
Shopify International LimitedIreland, international operationssubsidiary——
Shopify Commerce Singapore Pte. Ltd.Singaporesubsidiary——
Four entities. A platform that a large share of independent online retail runs on discloses a corporate perimeter of four companies, the merchant relationships being contracts rather than holdings. [source]
T1 85 / 146 · 1 scored platform · 9 network entities

América Móvil

scored: America Movil — B 3.82 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Radiomóvil Dipsa, S.A. de C.V.Wireless in Mexico, trading as Telcelsubsidiary—100.0%
Teléfonos de México, S.A.B. de C.V.Fixed-line in Mexicosubsidiary—100.0%
Claro S.A.Fixed-line and wireless in Brazilsubsidiary—99.6%
Claro Telecom Participações S.A.Brazilian holding companysubsidiary—100.0%
Telekom Austria AGAustrian holding companymajority stake—60.9%
A1 Telekom Austria AGFixed-line and wireless in Austriamajority stake—60.9%
Sercotel, S.A. de C.V.Holding company, Mexicosubsidiary—100.0%
Controladora de Servicios de Telecomunicaciones, S.A. de C.V.Holding company, Mexicosubsidiary—100.0%
CGTEL, S.A.P.I. de C.V.Holding company, Mexicosubsidiary—100.0%
The exhibit prints an ownership percentage and a main activity against each name, so the shape of the group is legible from it directly: wholly owned in Latin America, a controlling but partial stake in Austria. [source]
T1 86 / 146 · 1 scored platform · 10 network entities

AstraZeneca

scored: AstraZeneca — B 2.57 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
AstraZeneca ABSweden, principal operating companysubsidiary—100
AstraZeneca UK LimitedUnited Kingdomsubsidiary—100
AstraZeneca Pharmaceuticals LPUnited Statessubsidiary—100
Alexion Pharmaceuticals, Inc.Rare disease medicinessubsidiary—100
Alexion Pharma International Operations Limited CompanyIrelandsubsidiaryAlexion Pharmaceuticals, Inc. · index grouping100
AstraZeneca Biotech ABSweden, biotechsubsidiary—100
AstraZeneca Intermediate Holdings LimitedHolding companysubsidiary—100
AstraZeneca Finance and Holdings Inc.US finance and holdingsubsidiary—100
AstraZeneca Treasury LimitedTreasurysubsidiary—100
Zeneca Holdings Inc.United States, under a predecessor namesubsidiary—100
The exhibit gives the percentage of voting share capital held against each entity, and every one of the wholly owned subsidiaries listed reads 100. One entity still carries the pre-merger name Zeneca. [source]
T1 87 / 146 · 1 scored platform · 13 network entities

Johnson & Johnson

scored: Johnson and Johnson — B 2.53 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Janssen Biotech, Inc.Biologic medicinessubsidiary——
Janssen Pharmaceutica (Proprietary) LimitedSouth Africasubsidiary——
Actelion Pharmaceuticals LtdPulmonary hypertension medicines, Switzerlandsubsidiary——
Actelion Pharmaceuticals US, Inc.United StatessubsidiaryActelion Pharmaceuticals Ltd · index grouping—
Ethicon, Inc.Surgical devicessubsidiary——
Ethicon Endo-Surgery, Inc.Endoscopic surgerysubsidiaryEthicon, Inc. · index grouping—
DePuy Synthes, Inc.Orthopaedicssubsidiary——
DePuy Orthopaedics, Inc.Joint reconstructionsubsidiaryDePuy Synthes, Inc. · index grouping—
DePuy Spine, LLCSpinal devicessubsidiaryDePuy Synthes, Inc. · index grouping—
DePuy International LimitedUnited KingdomsubsidiaryDePuy Synthes, Inc. · index grouping—
Cerenovus, Inc.Neurovascular devicessubsidiary——
Auris Health, Inc.Robotic surgerysubsidiary——
Abiomed Europe GmbHHeart pumps, Europesubsidiary——
The medicines and the devices sit in the same perimeter under different family names — Janssen on one side, Ethicon and DePuy on the other — and each family keeps its own country companies. [source]
T1 88 / 146 · 1 scored platform · 12 network entities

Pfizer

scored: Pfizer — B 1.82 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Pfizer Ireland PharmaceuticalsIreland, manufacturing and intellectual propertysubsidiary——
Pfizer Manufacturing Ireland Unlimited CompanyIrish manufacturingsubsidiaryPfizer Ireland Pharmaceuticals · index grouping—
Pfizer Manufacturing Belgium N.V.Belgian manufacturingsubsidiary——
Pfizer Manufacturing Austria G.m.b.H.Austrian manufacturingsubsidiary——
Hospira, Inc.Injectable medicines and infusionsubsidiary——
Hospira Worldwide, LLCWorldwide operationssubsidiaryHospira, Inc. · index grouping—
Hospira UK LimitedUnited KingdomsubsidiaryHospira, Inc. · index grouping—
Array BioPharma Inc.Targeted oncologysubsidiary——
Medivation LLCProstate cancer medicinessubsidiary——
Medivation Prostate Therapeutics LLCProstate therapeuticssubsidiaryMedivation LLC · index grouping—
Anacor Pharmaceuticals, LLCDermatologysubsidiary——
Pfizer Incubator LLCEarly-stage venturesubsidiary——
Manufacturing appears as a separate company in each country that hosts a plant, and the acquired research companies keep their own names inside the perimeter years after the deals. [source]
T1 89 / 146 · 1 scored platform · 0 network entities

Bitcoin

scored: Bitcoin (BTC) — B 1.82 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
There is no organisation to draw. The project’s own reference site answers the question directly: nobody owns the Bitcoin network, much like no one owns the technology behind email. Every other map on this page is a perimeter of companies; this one is empty because the thing being scored has no perimeter, and that is a fact about it rather than a gap in the research. [source]
T1 90 / 146 · 1 scored platform · 1 network entities

Ethereum

scored: Ethereum (ETH) — B 4.57 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Ethereum FoundationNon-profit that funds protocol research and development; it does not own the networksteward——
One body appears, and what it does is fund and coordinate rather than control. The foundation is not a parent company and the protocol is not its property; the map shows the one organisation a source names and nothing more. [source]
T1 91 / 146 · 1 scored platform · 1 network entities

Solana

scored: Solana (SOL) — B 4.83 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Solana FoundationNon-profit supporting the network, based in Switzerlandsteward——
As with the other large protocols, the organisation named beside the network is a foundation rather than a company, and it is registered in Switzerland. [source]
T1 92 / 146 · 1 scored platform · 4 network entities

Cardano

scored: Cardano (ADA) — B 1.12 · TRANSITION
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Cardano FoundationSteward of the protocolsteward——
Input OutputEngineering and researchsteward——
EMURGOCommercial developmentsteward——
IntersectMember-based governance bodysteward——
Four bodies rather than one, each with a different job and none of them a parent of the others. This is the most elaborated organisational arrangement of any protocol on the map, and it is still not a corporate group. [source]
T1 93 / 146 · 1 scored platform · 1 network entities

XRP

scored: XRP — B 1.02 · TRANSITION
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Ripple Labs, Inc.The company that created the asset and holds a large share of it, per the regulator’s complaintsteward——
The source here is a regulator’s complaint rather than a corporate filing, and a complaint is an allegation, not a finding. It is cited because it is the primary document that names the company beside this asset. [source]
T1 94 / 146 · 1 scored platform · 3 network entities

TRON

scored: TRON (TRX) — B 1.85 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Tron Foundation LimitedNamed as the issuer of the asset in the regulator’s complaintsteward——
BitTorrent Foundation Ltd.Named alongside it in the same complaintsteward——
Rainberry, Inc.The company formerly called BitTorrent, Inc.steward——
As with the other asset above, this is an unadjudicated pleading and nothing here is a finding of fact. It is cited because it is the primary document naming the organisations. [source]
T1 95 / 146 · 1 scored platform · 1 network entities

Dogecoin

scored: Dogecoin (DOGE) — B 0.17 · USEFUL TOOL
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Dogecoin FoundationNon-profit supporting the projectsteward——
The lowest-scoring system in the index has one organisation beside it, and that organisation supports rather than owns. The index gives this asset the lowest structural lock-in of anything scored, and the emptiness of this map is part of the same observation. [source]
T1 96 / 146 · 1 scored platform · 2 network entities

Tether

scored: Tether (USDT) — B 1.65 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Tether LimitedThe issuer named in the legal termssteward——
Tether OperationsNamed in the same termssteward——
Unlike the protocols above, this asset does have a company behind it, and the company is the one a holder contracts with. Its published legal terms are the source; no ownership percentages are claimed here because none is stated there. [source]
T1 98 / 146 · 1 scored platform · 1 network entities

Aave

scored: Aave — B 1.67 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Aave LabsDevelopment companysteward——
One development company is named on the project’s own site. Governance of the protocol itself is exercised by token holders rather than by that company, and no document here places one above the other. [source]
T1 99 / 146 · 1 scored platform · 1 network entities

Lido

scored: Lido — B 0.80 · TRANSITION
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Lido DAOToken-holder governance bodysteward——
What appears beside this protocol is not a company but a decentralised autonomous organisation. There is no filing to read and no register to check, which is itself the point worth recording. [source]
T1 100 / 146 · 1 scored platform · 1 network entities

OpenSea

scored: OpenSea — B 0.63 · GROWING GRAVITY
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Ozone NetworksThe company a user contracts with, named in the terms of servicesteward——
The marketplace is a private company operating under a different name from its product, and the only primary document that names it is the terms a user accepts. [source]
T1 101 / 146 · 1 scored platform · 3 network entities

Consensys

scored: MetaMask (Wallet) — B 2.56 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
ConsensysThe company that develops the walletsteward——
MetaMaskThe wallet itselfproduct——
InfuraThe default RPC provider the wallet reaches the network through under its default settingsproduct——
The wallet and the node infrastructure it talks to by default are products of the same private company. That is a dependency worth seeing on a map about lock-in: the self-custody tool and the road it takes to the chain have one owner. [source] [source 2]
T1 102 / 146 · 1 scored platform · 0 network entities

Uniswap

scored: Uniswap — B 0.96 · TRANSITION
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
No organisation is drawn here. A development company is widely reported to exist, but no primary document reachable from this index names it in a form the figure checker could verify, and this map publishes nothing it cannot check. The cited page is the project’s own front page, fetched and found to name no organisation. The absence is the state of the evidence, not a claim that no company exists. [source]
T1 103 / 146 · 1 scored platform · 0 network entities

Hyperliquid

scored: Hyperliquid (HYPE) — B 3.25 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Same position as the entry above: the project’s own pages are rendered by script and yielded no organisation name to a plain fetch, so nothing is drawn. What is scored here is a protocol; what would go on this map is whoever builds it, and the cited page — the foundation’s own site — returned nothing to a plain fetch. [source]
T1 104 / 146 · 1 scored platform · 3 network entities

Anthropic

scored: Claude (Anthropic) — B 1.66 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Anthropic, PBCThe company a user contracts with, a public benefit corporationsteward——
Anthropic IrelandThe contracting entity for users outside the United Statessubsidiary——
Long-Term Benefit TrustA trust holding a class of stock with the power to elect board memberssteward——
A private company, so there is no subsidiary exhibit to read; the two entities above are the ones its own published terms name as the parties a user contracts with. The third is not a company at all but a trust, described in the company’s own announcement as holding a class of stock carrying board-election rights — a governance arrangement with no equivalent among the listed corporations on this map. [source] [source 2]
T1 105 / 146 · 1 scored platform · 0 network entities

OpenAI

scored: ChatGPT — B 2.25 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Nothing is drawn, and this note cites nothing, because there is nothing to cite. The company is private, so no subsidiary exhibit exists; its own pages describing its structure refuse automated requests outright, and every attempt to fetch one was declined. A claim about a structure that cannot be verified does not belong on this map, so the map stays empty. By every public account the structure is the most unusual on this page, which is precisely why it will not be published here on hearsay.
T1 106 / 146 · 1 scored platform · 0 network entities

Perplexity

scored: Perplexity — B 0.95 · TRANSITION
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
The same position, for the same reason: a private company whose own pages decline automated requests, so the entity a user contracts with could not be read from any source this index is able to check. Nothing is drawn and nothing is cited.
T1 107 / 146 · 1 scored platform · 0 network entities

AI-OS archetype

scored: AI-OS (Theoretical) — B 7.67 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
This entry names no real system, and its own name says so. It is a theoretical archetype scored to mark where the scale would run if a system combined the deepest values of every capture parameter; there is no company to map and there never was one. The same reasoning excluded it from the reliability study’s cohort, where no evaluator could research it. [source]
T1 108 / 146 · 1 scored platform · 0 network entities

Generic chat archetype

scored: Chat LLM (Generic) — B 0.22 · USEFUL TOOL
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
The other archetype. It stands for the class of chat assistants rather than for any one of them, so there is no corporate perimeter to draw, and the parenthesis in its published name is the whole of the explanation. [source]
T1 109 / 146 · 1 scored platform · 1 network entities

Adyen

scored: Adyen — B 5.10 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Adyen N.V.The licensed entity a merchant contracts withsubsidiary——
A private-law contract rather than a filing names the entity here: the terms a merchant accepts. The company holds a European banking licence, so the acquirer and the bank are the same legal person. [source]
T1 110 / 146 · 1 scored platform · 1 network entities

Kakao

scored: Kakao — B 8.32 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Kakao CorpThe parent company of the messaging platform and its affiliatessubsidiary——
The Korean group publishes its affiliate list in its own disclosures rather than in a subsidiary exhibit, and the page cited here names the parent only. What is drawn is what could be read. [source]
T1 111 / 146 · 1 scored platform · 1 network entities

NAVER

scored: Naver — B 5.47 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
NAVER CorporationThe parent companysubsidiary——
Same position as the other Korean platform on this map: no subsidiary exhibit exists in a form this checker can read, and only the parent is named on the page cited. [source]
T1 112 / 146 · 1 scored platform · 1 network entities

China Mobile

scored: China Mobile — B 8.64 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
China Mobile LimitedThe listed companysubsidiary——
The listed vehicle is named here; the state shareholding above it is not disclosed on this page and is therefore not drawn. [source]
T1 113 / 146 · 1 scored platform · 1 network entities

Siemens Energy

scored: Siemens Energy — B 4.89 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Siemens EnergyThe company itself, scored in this universe; spun out of the wider Siemens groupsubsidiary——
A German issuer that files no subsidiary exhibit with a securities regulator this checker can reach, so only the company itself is drawn. [source]
T1 114 / 146 · 1 scored platform · 1 network entities

PJM Interconnection

scored: PJM Interconnection — B 12.53 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
PJMThe regional transmission organisationprogramme——
This is not a company in the ordinary sense and has no owner: it is a regional transmission organisation whose members are the utilities and generators on its own network, operating under federal regulation. There is no perimeter of subsidiaries to draw. [source]
T1 115 / 146 · 1 scored platform · 2 network entities

FAA NextGen

scored: FAA NextGen — B 12.20 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
NextGenA modernisation programme, not a companyprogramme——
Federal Aviation AdministrationThe agency running itprogramme——
The only entry on this map that belongs to a government. What is scored here is a programme of a federal agency, so there are no shareholders, no subsidiaries and no perimeter — the escape side of this index is measuring something that has no commercial exit at all. [source]
T1 116 / 146 · 1 scored platform · 1 network entities

Stripe

scored: Stripe — B 3.67 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Stripe PaymentsThe contracting entity named in the services agreementsubsidiary——
A private company, so the source is the agreement a user signs rather than a filing. [source]
T1 117 / 146 · 1 scored platform · 2 network entities

Plaid

scored: Plaid — B 2.89 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Plaid Inc.The companysubsidiary——
Plaid FinancialThe regulated entity named in the same legal pagessubsidiary——
Private, so the legal pages are the primary source. Two entities are named there: the company and a separately named financial one. [source]
T1 118 / 146 · 1 scored platform · 1 network entities

Valve

scored: Steam — B 5.32 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Valve CorporationThe company behind the store, named in its subscriber agreementsubsidiary——
One of the largest software distribution platforms in the world belongs to a private company that publishes no accounts. Its subscriber agreement is the primary document that names it, and it is the whole of what can be drawn. [source]
T1 119 / 146 · 1 scored platform · 1 network entities

Epic Systems

scored: Epic Systems — B 12.34 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Epic Systems CorporationThe companysubsidiary——
The medical-records system most American hospitals run on belongs to a private company that has never been listed. There is no filing, and the company’s own page names no other entity. [source]
T1 120 / 146 · 1 scored platform · 1 network entities

Telegram

scored: Telegram — B 2.03 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
TelegramThe service itself, scored in this universe, as named in its own published answersproduct——
The corporate structure of this messenger is not published in any document this checker can reach. Its own answers name the service and not the company, so that is what is drawn. [source]
T1 121 / 146 · 1 scored platform · 2 network entities

Discord

scored: Discord — B 1.92 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Discord Inc.The United States contracting entitysubsidiary——
Discord NetherlandsThe entity for users outside the United Statessubsidiary——
Private, and the terms of service are the source. They name two contracting entities split by geography, the ordinary shape for a consumer service with European users. [source]
T1 122 / 146 · 1 scored platform · 2 network entities

Instructure

scored: Canvas LMS — B 3.17 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
InstructureThe company behind the learning management systemsubsidiary——
CanvasThe product itselfproduct——
Taken private, so no subsidiary exhibit is filed any more. The company’s own page names the company and the product and nothing else. [source]
T1 123 / 146 · 1 scored platform · 1 network entities

Novo Nordisk

scored: Novo Nordisk — B 2.61 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Novo Nordisk A/SThe listed companysubsidiary——
A foreign issuer that files no subsidiary exhibit this checker could locate. The controlling foundation above the company is not named on the page cited and is therefore not drawn, although it is the more interesting half of the structure. [source]
T1 124 / 146 · 1 scored platform · 1 network entities

Reliance Jio

scored: Reliance Jio — B 9.18 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Jio PlatformsThe digital-services holding companysubsidiary——
The parent group’s own site names the digital holding company. The telecom operating company beneath it is not named on the page cited. [source]
T1 125 / 146 · 1 scored platform · 2 network entities

Hon Hai

scored: Foxconn — B 5.65 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Hon Hai Precision IndustryThe company’s legal namesubsidiary——
FoxconnThe name it trades under, and the name scored in this universebrand——
The manufacturer that assembles a large share of the world’s consumer electronics trades under a different name from the one it is registered under, and its own site gives both. [source]
T1 126 / 146 · 1 scored platform · 2 network entities

Anthology

scored: Blackboard — B 1.82 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
AnthologyThe companysubsidiary——
BlackboardThe learning platform scored in this universe, now a product of that companybrand——
The platform kept its name and the company took another after a merger; the company’s own site names both. [source]
T1 127 / 146 · 1 scored platform · 2 network entities

CATL

scored: CATL — B 7.10 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Contemporary AmperexThe registered namesubsidiary——
CATLThe name it trades under, and the name scored in this universebrand——
As with the contract manufacturer above, the registered name and the trading name differ, and the company publishes both. [source]
T1 128 / 146 · 1 scored platform · 3 network entities

Verizon

scored: Verizon — B 3.29 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Cellco PartnershipDescribed in the annual report as a wholly-owned subsidiary of the companysubsidiary——
Verizon BusinessThe enterprise segmentdivision——
TracFonePrepaid wirelesssubsidiary——
This company files no subsidiary exhibit, so the rows above come from the text of the annual report itself. That is weaker evidence of corporate structure than an exhibit, and it is labelled as such here rather than presented as equivalent. [source]
T1 129 / 146 · 1 scored platform · 3 network entities

Zoom

scored: Zoom — B 0.90 · TRANSITION
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Zoom CommunicationsThe company under its present namesubsidiary——
Zoom VideoThe name it carried before, still used in the filingbrand——
WorkvivoThe employee-experience platformproduct——
No subsidiary exhibit is filed, so these come from the annual report’s own text. The filing records that the company changed its name, changed it again, and then changed it back. [source]
T1 130 / 146 · 1 scored platform · 6 network entities

Vodafone

scored: Vodafone — B 2.35 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Vodafone LimitedUnited Kingdom operating companysubsidiary——
Vodacom GroupAfrican operations, separately listedmajority stake——
SafaricomKenyan operator held through the African businessmajority stake——
VodafoneZiggoNetherlands joint venturejoint venture——
Vantage TowersTower infrastructuremajority stake——
Vodafone IdeaIndian associatemajority stake——
No subsidiary exhibit accompanies this filing, so the rows come from the annual report’s own text. Two of them are not wholly owned and one is a joint venture, which the report states and this map marks rather than flattening into ownership. [source]
T1 131 / 146 · 1 scored platform · 3 network entities

M-Pesa

scored: M-Pesa — B 8.16 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
M-PesaThe payment service itself, scored in this universeproduct——
SafaricomThe Kenyan operator that runs itmajority stake——
Vodacom GroupThe African group above itmajority stake——
This entry is a payment service rather than a company, and the only primary document that describes its ownership chain is the annual report of the group at the top of it. [source]
T1 132 / 146 · 1 scored platform · 1 network entities

Wise

scored: Wise — B 1.80 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Wise PaymentsThe operating company named on its own pagessubsidiary——
A listed company whose filings are made in the United Kingdom rather than to a securities regulator this checker reaches, so its own pages are the source and only the operating company is named there. [source]
T1 133 / 146 · 1 scored platform · 1 network entities

Siemens AG

scored: Siemens Digital Industries — B 7.06 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Siemens AGThe parent companysubsidiary——
What is scored here is a division rather than a company, and the division is not named on the page cited. Only the parent could be verified, so only the parent is drawn. [source]
T1 134 / 146 · 1 scored platform · 1 network entities

Bloomberg

scored: Bloomberg Terminal — B 7.21 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
BLOOMBERG LPThe private partnership behind the terminal, as the regulator’s own index writes itsubsidiary——
A private partnership that publishes no accounts. The only primary record reachable here is the securities regulator’s own index of filings the partnership makes, which names it and nothing else. Its ownership is widely reported and nowhere documented in a form this map will accept. [source]
T1 135 / 146 · 1 scored platform · 2 network entities

Eli Lilly

scored: Eli Lilly — B 2.81 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Loxo@LillyThe oncology unit, under the name the filing usesdivision——
Lilly USAUnited States commercial entitysubsidiary——
This company files no subsidiary exhibit, so the two rows above are what the annual report’s own text names. It is a thin map for a company of this size, and the thinness belongs to the disclosure rather than to the company. [source]
T1 136 / 146 · 1 scored platform · 3 network entities

Cloudflare

scored: Cloudflare — B 4.21 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Cloudflare, Inc.The companysubsidiary——
Area 1 SecurityAn acquired company, named in the filing’s exhibit indexsubsidiary——
Cloudflare WorkersThe developer platformproduct——
No subsidiary exhibit is filed. One acquired company is named anywhere in the annual report, and it appears in the list of exhibits rather than in a description of the group. [source]
T1 137 / 146 · 1 scored platform · 0 network entities

BYD

scored: BYD — B 2.51 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Nothing is drawn and nothing is cited. This organisation publishes no subsidiary list that this checker can reach: its own pages decline automated requests, and no filing with a securities regulator covers it in a form that could be read. The map is empty because the evidence is out of reach, not because the structure is simple, and an unverifiable claim does not belong here.
T1 138 / 146 · 1 scored platform · 0 network entities

DTCC

scored: DTCC — B 15.44 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Nothing is drawn and nothing is cited. This organisation publishes no subsidiary list that this checker can reach: its own pages decline automated requests, and no filing with a securities regulator covers it in a form that could be read. The map is empty because the evidence is out of reach, not because the structure is simple, and an unverifiable claim does not belong here.
T1 139 / 146 · 1 scored platform · 0 network entities

SWIFT

scored: SWIFT — B 6.78 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Nothing is drawn and nothing is cited. This organisation publishes no subsidiary list that this checker can reach: its own pages decline automated requests, and no filing with a securities regulator covers it in a form that could be read. The map is empty because the evidence is out of reach, not because the structure is simple, and an unverifiable claim does not belong here.
T1 140 / 146 · 1 scored platform · 0 network entities

Experian

scored: Experian — B 5.82 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Nothing is drawn and nothing is cited. This organisation publishes no subsidiary list that this checker can reach: its own pages decline automated requests, and no filing with a securities regulator covers it in a form that could be read. The map is empty because the evidence is out of reach, not because the structure is simple, and an unverifiable claim does not belong here.
T1 141 / 146 · 1 scored platform · 0 network entities

Turnitin

scored: Turnitin — B 3.10 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Nothing is drawn and nothing is cited. This organisation publishes no subsidiary list that this checker can reach: its own pages decline automated requests, and no filing with a securities regulator covers it in a form that could be read. The map is empty because the evidence is out of reach, not because the structure is simple, and an unverifiable claim does not belong here.
T1 142 / 146 · 1 scored platform · 0 network entities

Revolut

scored: Revolut — B 2.98 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Nothing is drawn and nothing is cited. This organisation publishes no subsidiary list that this checker can reach: its own pages decline automated requests, and no filing with a securities regulator covers it in a form that could be read. The map is empty because the evidence is out of reach, not because the structure is simple, and an unverifiable claim does not belong here.
T1 143 / 146 · 1 scored platform · 0 network entities

Epic Games

scored: Epic Games — B 3.51 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Nothing is drawn and nothing is cited. This organisation publishes no subsidiary list that this checker can reach: its own pages decline automated requests, and no filing with a securities regulator covers it in a form that could be read. The map is empty because the evidence is out of reach, not because the structure is simple, and an unverifiable claim does not belong here.
T1 144 / 146 · 1 scored platform · 0 network entities

Dassault Systèmes

scored: Dassault Systemes — B 6.89 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Nothing is drawn and nothing is cited. This organisation publishes no subsidiary list that this checker can reach: its own pages decline automated requests, and no filing with a securities regulator covers it in a form that could be read. The map is empty because the evidence is out of reach, not because the structure is simple, and an unverifiable claim does not belong here.
T1 145 / 146 · 1 scored platform · 0 network entities

National Grid

scored: National Grid UK — B 11.27 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Nothing is drawn and nothing is cited. This organisation publishes no subsidiary list that this checker can reach: its own pages decline automated requests, and no filing with a securities regulator covers it in a form that could be read. The map is empty because the evidence is out of reach, not because the structure is simple, and an unverifiable claim does not belong here.
T1 146 / 146 · 1 scored platform · 0 network entities

Notion

scored: Notion — B 1.35 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
EntityRoleRelationWithin groupKey figure / detail
Nothing is drawn and nothing is cited. This organisation publishes no subsidiary list that this checker can reach: its own pages decline automated requests, and no filing with a securities regulator covers it in a form that could be read. The map is empty because the evidence is out of reach, not because the structure is simple, and an unverifiable claim does not belong here.
UBO watchlistBeneficial-ownership contours that do not yet meet the operational-control rule: Tesla — Musk contour (UBO): common beneficial ownership with SpaceX group (Grok, X, Cursor) — Tesla is a separate public company, not operationally controlled by SpaceX · Tether (USDT) — iFinex contour (UBO): common beneficial ownership with Bitfinex · TikTok — Split governance since 2026-01-22: US operations under an Oracle/Silver Lake/MGX-led JV (15% each, ByteDance 19.9%); global platform remains ByteDance — no single parent holds operational control across regions