About

Novisto provides a platform for managing Environmental, Social, and Governance (ESG) data, aimed at helping businesses enhance their sustainability efforts. The platform utilizes artificial intelligence to streamline the processes of data collection, disclosure, and quality assessment, while also offering insights, peer benchmarking, and features for engaging stakeholders. Primarily serving public companies that are under pressure to improve their ESG disclosures, Novisto's solution addresses the complexities of managing ESG data effectively. Unlike many competitors, Novisto focuses on a data-centric approach that simplifies ESG management for its clients. The company's goal is to support businesses in meeting the growing demands for sustainability performance and transparency through a subscription-based model that provides ongoing access to its tools.

Simplify's Take

What believers are saying

• Growing demand for ESG data management solutions boosts Novisto's market potential.
• Recent $27M Series B funding supports product development and market expansion.
• Partnerships with SINAI and Mila enhance Novisto's ESG data management capabilities.

What critics are saying

• Increased competition from established firms like Workiva and Enablon.
• Potential EU regulatory changes may require platform adjustments.
• Economic downturns could impact Novisto's subscription-based revenue model.

What makes Novisto unique

• Novisto offers an AI-driven ESG data management platform for public companies.
• The platform includes peer benchmarking and stakeholder engagement features.
• Novisto's subscription-based model provides recurring revenue from its clients.

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