What ToggleAI does

Reflexivity (formerly Toggle AI, legal entity Knabble, Inc.) is an AI-native investment analysis platform purpose-built for institutional investors. The product combines institutional-grade data sourced from LSEG Datastream, S&P Global, Cboe, Nasdaq, Dow Jones, Benzinga, Quartr, FRED, the World Bank, the IMF, MT Newswires, and Polymarket with explainable AI to deliver six interconnected modules: Deep Research (autonomous agents that write and execute code), Knowledge Graph (dynamic mapping of market relationships), Portfolio Insights (real-time performance and risk analytics), Scenario Analysis (stress-testing simulations), Document Intelligence (OCR + NLP across SEC filings and earnings transcripts), and Smart Screening (pattern and sentiment detection). The company does not require end clients to negotiate separate data contracts; data is bundled into the platform.

The business operates a sales-led, enterprise-only go-to-market with no public list pricing. It offers two service tiers: Platform Access, a web-based subscription granting investment teams the full AI suite, and API Integration, a RESTful API tier for technology teams with custom model deployment, white-label options, and real-time data feeds. Distribution is global and combines direct enterprise sales, PR/earned media coverage in major financial publications (Bloomberg, CNBC, WSJ, Reuters, Forbes, Barron's), and participation in FinTech events across the US, Europe, and Asia.

The company is venture-backed by SoftBank, Greycroft, Rose Park Advisors, General Catalyst, MUFG, Interactive Brokers, and Stanley Druckenmiller. It is led by former portfolio managers from Lombard Odier, Fortress, Brevan Howard, and Davidson Kempner, with technical leadership drawn from Kensho (acquired by S&P Global) and multiple fintech founder backgrounds. The platform is SOC 2 Type 2 certified and runs on dedicated private infrastructure air-gapped from public AI models, addressing institutional DDQ and compliance requirements. No revenue, headcount, or funding-round amounts are disclosed in the available source data.

Name

ToggleAI

Legal name

Knabble, Inc.

Website

https://toggle.ai

Company type

Private

Founded year

2019

Operating status

Operating

Short description

Reflexivity (formerly Toggle AI) is an AI-native investment analysis platform that combines institutional-grade data from LSEG, S&P Global, Cboe, and Nasdaq with explainable AI modules — Deep Research, Knowledge Graph, Portfolio Insights, Scenario Analysis, Document Intelligence, and Smart Screening — sold via enterprise subscriptions and API integration to hedge funds, asset managers, and family offices.

Ownership category

akta.pro rank

Product category

Institutional Investment Analytics Software

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282), Services-Prepackaged Software (7372)

akta.pro primary industry

Financial Services Personalization (Banking, Investing, Insurance) (HDAAAGAH)

akta.pro secondary industry

Responsible AI, Security & Privacy Platforms (Safety, Guardrails, PII) (HDAEANAG)

Keywords

• AI investment research
• Institutional data analytics
• Portfolio risk analytics
• Financial document intelligence
• Market knowledge graphs

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Platform Access Subscription: Full access to Reflexivity's web platform with all AI capabilities and premium features including complete AI suite, Knowledge Graph insights, unlimited document search, advanced scenario analysis, and real-time portfolio alerts. Sold as a subscription to investment teams.
2. API Integration Services: RESTful API access for technology teams to integrate AI capabilities into existing systems. Includes custom model deployment, white-label options, and real-time data feeds. Technical support included.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Reflexivity (formerly Toggle AI) sells an AI-powered investment analysis platform for institutional investors that combines exclusive institutional-grade data (LSEG Datastream, S&P Global, Cboe, Nasdaq, Dow Jones) with explainable AI. Its six modules—Deep Research, Knowledge Graph, Portfolio Insights, Scenario Analysis, Document Intelligence, and Smart Screening—are offered via two annual, quote-based subscription products: Platform Access (web platform for investment teams) and API Integration (RESTful API for technology teams).

Product overview

Reflexivity (formerly Toggle AI) is a unified investment analysis platform for institutional investors. The platform is built around six interconnected AI-powered modules: Deep Research (autonomous financial analysis), Knowledge Graph (market relationship discovery), Portfolio Insights (real-time portfolio analytics), Scenario Analysis (market simulation), Document Intelligence (SEC filing and earnings analysis), and Smart Screening (AI-powered market scanning). Data is sourced from institutional providers including LSEG Datastream, S&P Global, Cboe, Dow Jones, and Benzinga. The platform is available via web interface (Platform Access tier) or API integration (API Integration tier) for embedding into existing systems.

Differentiator

Problem solved

Functional benefit

Products and services

• Reflexivity Platform (formerly Toggle AI) Unified AI investment analysis platform for institutional investors that bundles institutional-grade data from LSEG Datastream, S&P Global, Cboe, Nasdaq, and Dow Jones with explainable AI capabilities across Deep Research, Knowledge Graph, Portfolio Insights, Scenario Analysis, Document Intelligence, and Smart Screening.
• Deep Research Autonomous AI research agent that writes and executes code to generate comprehensive investment analysis in minutes with institutional-grade accuracy. Built for institutional investment teams needing fast, auditable answers to complex financial questions.
• Knowledge Graph Dynamic knowledge graph that maps interconnected relationships across companies, themes, and market events to surface non-obvious connections. Used by institutional investors for qualitative market intelligence and opportunity discovery.
• Portfolio Insights Real-time portfolio analytics module delivering performance, risk metrics, exposure analysis, and actionable recommendations via AI. Designed for institutional portfolio managers monitoring holdings.
• Scenario Analysis AI-driven scenario simulation and stress testing module that models potential market outcomes against historical data to support data-driven investment decisions. Targeted at investment and risk teams.
• Document Intelligence AI-powered document analysis module that applies OCR and NLP to SEC filings, earnings transcripts, and investor presentations to extract insights at scale. Built for institutional research analysts.
• Smart Screening AI-powered screening module that combines Knowledge Graph, qualitative data, market patterns, government trades, and sentiment to identify investment opportunities in real time for institutional investment teams.
• Platform Access Subscription Annual enterprise subscription to the full Reflexivity web platform, providing investment teams with the complete AI suite, Knowledge Graph insights, unlimited document search, advanced scenario analysis, and real-time portfolio alerts. Priced via quote-based Contact Sales.
• API Integration Subscription Annual enterprise subscription providing RESTful API access for technology teams to embed Reflexivity AI capabilities into existing systems, including custom model deployment, white-label options, real-time data feeds, and technical support. Priced via quote-based Contact Sales.

Named customers3 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability10 records

Feature7 records

Partnerships

Five partnerships are on record, tiered core.

• LSEG (London Stock Exchange Group)coreTechnology or IntegrationLSEG provides Datastream data including Analyst Estimates (IBES), US Macroeconomics, Sentiment & Positioning, Sector & Thematic Indicators, and Real-Time Prices to Reflexivity's platform.
• S&P GlobalcoreTechnology or IntegrationS&P Global provides Company Financial Statements, Company Key Developments, and Earnings Transcripts data to Reflexivity's investment analysis platform.
• CboecoreTechnology or IntegrationCboe provides Real-Time Prices data to Reflexivity's platform for market data integration.
• NasdaqcoreTechnology or IntegrationNasdaq is referenced as a data provider contributing to Reflexivity's institutional-grade data ecosystem.
• Dow JonescoreTechnology or IntegrationDow Jones provides news content to Reflexivity's platform for sentiment analysis and market intelligence.

Scale indicators1 record

Recent moves7 records

Expansion highlights5 records

Direct peers

• Kensho (S&P Global): Pioneering AI/ML analytics platform for financial services, acquired by S&P Global in 2018. Reflexivity's CPO previously led product at Kensho, and S&P Global is both a talent source and data provider to Reflexivity — making it a directly comparable peer and a strategic counterparty.
• Visible Alpha: Institutional investment research data platform providing granular consensus estimates, KPIs, and historical financial data for fundamental analysis at investment firms. Comparable as an AI- and data-driven research platform targeting the same institutional buy-side users.
• RavenPack: AI-driven news and sentiment analytics platform for financial markets that converts unstructured news into actionable insights for institutional and quantitative investors. Directly comparable in the AI-for-finance category, particularly for sentiment and Smart Screening use cases.
• AlphaSense: AI-powered market intelligence and research platform serving enterprise and institutional investors with semantic search across earnings calls, SEC filings, broker research, and expert transcripts. Most directly comparable competitor targeting the same institutional research workflow with an AI-first product.
• Tegus: Expert research platform connecting institutional investors with industry experts for primary research, supporting due diligence and market intelligence workflows. Comparable as an institutional AI-enabled research platform for investment professionals.

Broad incumbents

• FactSet: Leading provider of financial data and analytics to institutional investors and investment professionals, offering portfolio analytics, market data, and research workflow tools. A core institutional incumbent that competes for the same research and analytics budget.
• Bloomberg Terminal: Dominant financial data, analytics, and news platform used by virtually all global institutional investors. Sets the standard for institutional research workflows and represents the primary incumbent Reflexivity must displace or augment in customer accounts.
• S&P Capital IQ Pro: S&P Global's institutional investment research and analytics platform, combining company financials, estimates, transcripts, and analytics. Notable because S&P Global also supplies data to Reflexivity and owns Kensho, creating both partnership and competitive overlap.
• Refinitiv (LSEG): Major provider of financial data, analytics, and trading infrastructure, now part of the London Stock Exchange Group. Reflexivity integrates LSEG Datastream data, making Refinitiv both a strategic data partner and a broad incumbent in institutional data and analytics.

Others

• Northern Light: Market intelligence and competitive research platform aggregating and analyzing research content for enterprise and institutional clients, including consultancies and investment firms. Adjacent comparison for AI-enabled research aggregation and workflow tooling.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ReflexivityAi
• LinkedInlinkedin.com/company/toggle-ai

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ToggleAI