{"url":"https://newsforagent.com/news/2026-11-11/kadoa-triples-revenue-series-a-new-york","markdown_url":"https://newsforagent.com/news/2026-11-11/kadoa-triples-revenue-series-a-new-york.md","title":"Kadoa Triples Revenue, Serves 30 Customers Including Norges Bank","headline":"Kadoa Triples Annual Recurring Revenue With About 30 Customers, Prepares Series A for New York Office","description":"Kadoa tripled annual recurring revenue over the past year with about 30 customers, including Norges Bank Investment Management.","section":"Earnings & Results","published_at":"2026-11-11T14:06:06+00:00","modified_at":"2026-11-11T14:06:06+00:00","author":"News Desk","key_takeaways":["Kadoa tripled its annual recurring revenue year-on-year and reported net revenue retention above 150%.","The Zurich company serves about 30 customers, including Norges Bank Investment Management, which manages approximately $2.2 trillion.","Kadoa is preparing a Series A round in early 2027 to fund growth and open a New York office, keeping headquarters and engineering in Zurich."],"companies":[{"name":"Kadoa","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0006o6h/kadoa","website":"https://www.kadoa.com"},{"name":"Norges Bank Investment Management","is_primary":false,"profile_url":"https://akta.pro/company-profiles/0000sbx/norges-bank-investment-management","website":"https://www.nbim.no/en"}],"source":{"publisher":"startupticker.ch","title":"Kadoa triples revenue with web datasets for humans and AI agents in finance","url":"https://www.startupticker.ch/en/news/kadoa-triples-revenue-with-web-datasets-for-humans-and-ai-agents-in-finance"},"other_sources":[{"publisher":"Yahoo","url":"https://finance.yahoo.com/markets/stocks/articles/planet-labs-pbc-pl-beat-162224275.html"},{"publisher":"The future of trading","url":"https://capital.com/en-int/news/alpha-data-q3-profit-of-aed-32-9-mln"}],"tags":["Earnings & Results","Kadoa","Norges Bank Investment Management"],"body_markdown":"[Kadoa](https://akta.pro/company-profiles/0006o6h/kadoa) tripled its annual recurring revenue over the past year and now serves about 30 customers, including [Norges Bank Investment Management](https://akta.pro/company-profiles/0000sbx/norges-bank-investment-management), the company said. The Zurich-based provider of web datasets announced the growth on November 11, 2026, according to [startupticker.ch](https://www.startupticker.ch/en/news/kadoa-triples-revenue-with-web-datasets-for-humans-and-ai-agents-in-finance).\n\n## Kadoa's Revenue Growth and Customer Base\n\nKadoa builds and maintains web datasets for investment firms, and its customer list includes some of the world's largest hedge funds and asset managers. Net revenue retention surpassed 150%, reflecting growing spending among existing customers, and the company is profitable. Kadoa operates more than 30,000 production pipelines with a success rate above 99%, and it has introduced always-on AI agents that build, monitor and repair pipelines around the clock, escalating issues to human operators when necessary.\n\nNorges Bank Investment Management, the world's largest sovereign wealth fund with approximately $2.2 trillion in assets under management, is among Kadoa's customers. Most of Kadoa's customers are based in the United States, particularly around New York, where the team spends much of its time. Kadoa was founded in 2021 under the company name reviewr.ai AG.\n\n\"The core driver behind this growth is a shift in how investment firms source data. Every analyst with an AI agent is now a coder, and agents consume data very differently from humans,\" said Adrian Krebs, cofounder and CEO of Kadoa.\n\n## Kadoa's Product Expansion and Funding Plans\n\nKadoa has expanded beyond data pipeline automation for engineering teams to offer complete datasets, and it is building its own index of data sources so analysts and portfolio managers can request research data directly without involving data engineers. Partnerships with specialist data providers in construction, hiring and automotive data are helping the company broaden its expertise. Kadoa is preparing a Series A round in early 2027 to support further growth, including opening an office in New York, while headquarters and the engineering hub remain in Zurich.\n\n## Kadoa's Funding and Product Record\n\nKadoa closed a funding round in January 2025 led by VI Partners with participation from FYRFLY Venture Partners, with the amount undisclosed, following a 2023 round from AIX Ventures, according to akta.pro [company records](https://akta.pro/company-data). The same records list two funding rounds on record. Kadoa launched Kadoa Assistant in June 2026, a conversational interface that lets analysts describe datasets in plain language, and built a native Model Context Protocol connector in January 2026.\n\n## How Kadoa Compares With Data Peers\n\nPlanet Labs PBC beat Q2 revenue expectations with revenue rising 58% year-on-year to $116 million, but its stock fell 51% in the quarter, [Yahoo](https://finance.yahoo.com/markets/stocks/articles/planet-labs-pbc-pl-beat-162224275.html) reported on November 10, 2026. Alpha Data reported Q3 2026 net profit of AED 32.9 million and nine-month revenue of AED 2,070 million, [The future of trading](https://capital.com/en-int/news/alpha-data-q3-profit-of-aed-32-9-mln) reported on November 4, 2026.\n\n## Kadoa's Series A Timing\n\nKadoa is preparing a Series A round in early 2027, the company said.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}