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 DeepMindAI 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 infrastructuresubsidiaryin 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 studiossubsidiaryagreement May 2021 at a purchase price of $8.45B
TwitchLive streamingsubsidiary2014
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 MarketGrocerysubsidiary2017
AudibleAudiobookssubsidiary
ZapposFootwear e-commercesubsidiaryacquired 2009
Goodreads / IMDb as cited: GoodreadsBooks and film communitiessubsidiary
Amazon LeoSatellite broadband (renamed from Project Kuiper, Nov 2025)subsidiary
ZooxRobotaxisubsidiary2020
One Medical / Amazon Pharmacy as cited: One MedicalHealthcaresubsidiaryOne 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 clouddivisionIaaS 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 stakemajority 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)divisionused across the Mac line
BeatsAudio hardwarebrand$3B, 2014
ShazamMusic recognitionbrand2018
ClarisFileMaker low-code ("an Apple company")subsidiary
Braeburn CapitalNevada asset managementsubsidiaryin 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 grouping12M subscribers (June 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 operatorsubsidiary100%
congstarGerman discount mobile brandbrandTelekom Deutschland · index groupingseven million customers reached (2025)
T-Systems [2]Enterprise IT servicessubsidiarySystems Solutions segment revenue €4.1B (2025) · 100% (principal-subsidiaries note)
Magenta Telekom (Austria) as cited: T-Mobile Austria HoldingAustrian operatorsubsidiary100% (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 operatorssubsidiaryeach 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 / BIsubsidiaryin Exhibit 21
MuleSoftAPI integrationsubsidiaryin Exhibit 21
HerokuDeveloper PaaSsubsidiaryin 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 datasubsidiary2020; 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 stake84% 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-hailingsubsidiaryridesharing business fully owned (Q2-2026 10-Q)
Careem TechnologiesMENA super appmajority stakecontrolling interest from 2026-07-30 (Q2-2026 10-Q Note 3); previously ~45% equity-method
Trendyol GOTurkish deliverymajority stake92% (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)divisioncontracting 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 stake53.26% (AR2025)
Tencent VideoLong-form videodivision
Tencent CloudCloud computingdivision
Weixin Pay / WeChat Pay as cited: WeixinPayments (FinTech)division
China LiteratureOnline literature, listedmajority stake57.46% (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 stake84.8% (H1-2026 interim report)
Harman InternationalAutomotive electronics, audiosubsidiary100%
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 stakeESPN 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 profilingsubsidiarywholly owned (2018 tender offer)
Flatiron HealthOncology real-world datasubsidiaryindependent 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 stake80% (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 stake40.1% 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 CPUssubsidiaryacquisition 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, bankingdivisionrebranded 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
CainiaoLogisticssubsidiaryconsolidated; 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 stake80% ownership interest (FY2025 10-K)
IMS Nanofabrication as cited: IMSMulti-beam mask writing toolsmajority stake68% ownership interest (FY2025 10-K)
Ireland SCIPFab co-investment vehiclemajority stake49% non-controlling interest (FY2025 10-K)
Arizona SCIPFab co-investment vehiclemajority stake49% 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 serviceproductdescribed 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 platformsubsidiaryacquired 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 stake73.00% of voting securities (Exhibit 21)
CRISIL Limited [2]Indian ratings and analyticsmajority stake66.64% of voting securities (Exhibit 21)
CRISIL Ratings LimitedIndian credit ratings agencymajority stake66.64% of voting securities (Exhibit 21)
Kensho Technologies, LLC [2] as cited: KenshoMachine-learning unit reported in corporate unallocatedsubsidiary100.00% of voting securities (Exhibit 21)
Platts (U.K.) Limited as cited: Platts (U.K.) LimitedCommodity price assessment entitysubsidiary100.00% of voting securities (Exhibit 21)
IHS Markit Ltd.Former IHS Markit parent, retained after the mergersubsidiary100.00% of voting securities (Exhibit 21)
Carfax, Inc.Vehicle history reportssubsidiary100.00% 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 modellingsubsidiaryacquired 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 stakemajority-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 entitysubsidiary100% (Exhibit 21 percent-ownership column)
Booking.com Holding B.V.Entity named in the Exhibit 21subsidiary100% (Exhibit 21)
Agoda Company Pte. Ltd. [2] as cited: Agoda CompanyAsia-Pacific accommodation marketplacesubsidiary100% (Exhibit 21)
Agoda Holding Company LimitedEntity named in the Exhibit 21subsidiary100% (Exhibit 21)
KAYAK Software Corporation [2] as cited: KAYAKMetasearch; earns referral and advertising revenuesubsidiary100% (Exhibit 21)
OpenTable, Inc. [2] as cited: OpenTableRestaurant reservations and subscription servicessubsidiary100% (Exhibit 21)
priceline.com LLCUS travel marketplace entitysubsidiary100% (Exhibit 21)
priceline.com International Ltd.Priceline international entitysubsidiary100% (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 datasubsidiarythe acquisition of 100% of the shares of Preqin completed in March 2025
HPS Investment Partners, LLC [2]Private creditsubsidiarythe 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 operationssubsidiary100%
Netflix Studios, LLCProductionsubsidiary100%
Netflix Worldwide Entertainment, LLCContent licensing worldwidesubsidiary100%
Netflix Pte. Ltd.Singaporesubsidiary100%
Netflix Services UK LimitedUnited Kingdomsubsidiary100%
Netflix Services France S.A.S.Francesubsidiary100%
Netflix Services Germany GmbHGermanysubsidiary100%
Netflix México S. de R.L. de C.V.Mexicosubsidiary100%
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 Telcelsubsidiary100.0%
Teléfonos de México, S.A.B. de C.V.Fixed-line in Mexicosubsidiary100.0%
Claro S.A.Fixed-line and wireless in Brazilsubsidiary99.6%
Claro Telecom Participações S.A.Brazilian holding companysubsidiary100.0%
Telekom Austria AGAustrian holding companymajority stake60.9%
A1 Telekom Austria AGFixed-line and wireless in Austriamajority stake60.9%
Sercotel, S.A. de C.V.Holding company, Mexicosubsidiary100.0%
Controladora de Servicios de Telecomunicaciones, S.A. de C.V.Holding company, Mexicosubsidiary100.0%
CGTEL, S.A.P.I. de C.V.Holding company, Mexicosubsidiary100.0%
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 companysubsidiary100
AstraZeneca UK LimitedUnited Kingdomsubsidiary100
AstraZeneca Pharmaceuticals LPUnited Statessubsidiary100
Alexion Pharmaceuticals, Inc.Rare disease medicinessubsidiary100
Alexion Pharma International Operations Limited CompanyIrelandsubsidiaryAlexion Pharmaceuticals, Inc. · index grouping100
AstraZeneca Biotech ABSweden, biotechsubsidiary100
AstraZeneca Intermediate Holdings LimitedHolding companysubsidiary100
AstraZeneca Finance and Holdings Inc.US finance and holdingsubsidiary100
AstraZeneca Treasury LimitedTreasurysubsidiary100
Zeneca Holdings Inc.United States, under a predecessor namesubsidiary100
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: TeslaMusk 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 · TikTokSplit 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