Energy Aspects, a London-based provider of energy market data and research, announced on March 12, 2026 that it had agreed to acquire Kayrros, a Paris company that analyses satellite data to track energy markets, supply chains and environmental risks. The companies did not disclose the price or other terms.
The agreement was subject to regulatory approval. Energy Aspects said on May 21, 2026 that it had completed the purchase.
The combined group will sell a wider range of data products to clients in energy and financial markets, the companies said. Neither announcement said whether the Kayrros brand would be kept, and neither gave a figure for job changes.
What Kayrros built
Kayrros was founded in 2016. It applies machine learning and geospatial analysis to raw data from more than 20 satellite constellations and turns it into measurements of energy activity, supply chains, physical climate risks and the natural environment.
Its customers include companies and governments, as well as investors, insurers and traders who use the data to make market decisions. Kayrros is headquartered in Paris and has offices in Houston, New York, London, Bangalore and Singapore. Antoine Rostand is its president and co-founder.
The company has been named to TIME's list of the 100 most influential companies, Fortune's Change the World list and Fast Company's list of most innovative companies, according to its own description.
“The future of energy market intelligence will be shaped by data, technology and advanced analytics. Bringing Kayrros into Energy Aspects allows us to combine our deep market expertise with world-leading satellite and geospatial data capabilities.”
The funding
Kayrros raised a €9 million (about $10.6 million) Series A in 2017 led by Index Ventures, with energy investor Marcel van Poecke and other private investors from the energy industry, according to Unquote. In September 2018 it raised a €21 million ($24.4 million) Series B led by Cathay Innovation, with Index Ventures, AtlasInvest, the Primat family office Primwest and Korelya Capital. At that point it had about 100 employees, Unquote reported.
In March 2022 the company closed a €40 million (about $44 million) round. The investors included the French state's French Tech Souveraineté fund, managed by Bpifrance, the European Investment Bank, NewSpace Capital and OperaTech Ventures, the venture arm of BNP Paribas, alongside earlier backers. That brought its total funding to €72 million (about $79 million), according to ActuIA.
Why Energy Aspects is buying
Energy Aspects was founded in 2012 and has grown from a research house into a seller of energy commodity data and analysis. It is headquartered in London, with offices in cities including New York, Houston, Singapore, Dubai, Riyadh, Kolkata and Tokyo. It had previously bought OilX, INAS and TankWatch.
The company said Kayrros' satellite monitoring and proprietary geospatial data would make its market analysis more timely across the energy value chain. It said earth observation had been especially useful during periods of geopolitical tension, including recent events in the Middle East, when independent data on physical activity is needed quickly.
When the deal closed, Energy Aspects said the combination would also let it measure and forecast energy demand directly by tracking actual consumption from space, instead of relying only on supply-side indicators. Chief executive Fredrik Fosse said the deal was about more than adding a new data source.
What comes next
Rostand said the combination would let Kayrros innovate faster and give clients more precise energy information. After completion he described the deal as a new chapter for the company and said its technology had been built to bring transparency to complex and opaque markets.
The combined company said it would keep looking for new uses of satellite analytics across the economy. Tech.eu and Carbon Pulse also reported the agreement, describing it as a move to widen Energy Aspects' geospatial monitoring.
Energy Aspects said the aim was to strengthen the combined group's position as a leading source of energy market data and analytics. Neither company said how Kayrros' offices in six cities, or its staff, would be organised within Energy Aspects after the deal.
