What Nyteco Inc. does

Nyteco Inc. is a Toronto-based private company founded in 2019 that operates as a green tech venture focused on the recycled materials industry and manufacturing supply chains. Its core product was Jules AI, an AI-driven commodity and trade risk management platform that provided workflow automation and risk pattern identification for companies trading recycled materials and alloys.

Jules AI combined process automation with anomaly detection capabilities specifically for recycled and industrial metals commodity markets, addressing inefficiency in manual trading workflows. The platform's domain specialization in recycled materials — a niche within commodity trading — was positioned as its primary differentiator. Nyteco operated with a headcount of 11-50 employees and was headquartered at 18 Yorkville Ave, Suite 502, Toronto.

In November 2025, Nyteco sold the Jules AI platform to MineHub Technologies Inc. via an asset purchase agreement, receiving approximately $1.9 million upfront (a combination of ~C$1.89M in MineHub shares and US$469,806 in cash) plus up to $18.1 million in earn-out contingent on Jules AI achieving a $5 million cumulative revenue target over three years. Following this transaction, Nyteco's product portfolio effectively transferred to MineHub, which integrated Jules AI into its broader commodity supply chain platform. Public information about Nyteco's post-divestiture business model, remaining operations, pricing, or go-to-market strategy is not available in the source material.

Name

Nyteco Inc.

Legal name

Nyteco Inc.

Website

https://nyteco.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Nyteco Inc. is a Toronto-based green tech venture that built Jules AI, an AI-driven commodity and trade risk management platform for companies trading recycled materials and alloys. In November 2025, it sold Jules AI to MineHub Technologies.

Ownership category

akta.pro rank

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations

Core offering

Nyteco Inc. is a green tech venture that built and operated Jules AI, an AI-driven commodity and trade risk management platform designed for companies trading recycled materials, alloys, and industrial metals. The platform provided workflow automation and risk identification for commodity trade execution across the recycled materials industry and manufacturing supply chains.

Product overview

Nyteco Inc. was a green tech venture focused on the recycled materials industry and manufacturing supply chains. Its primary product was Jules AI, an AI-driven commodity and trade risk management platform that provided automation solutions for companies trading recycled materials. Jules AI was acquired by MineHub Technologies Inc. in November 2025. Following the acquisition, Nyteco's product portfolio transitioned to MineHub, which integrated Jules AI into its commodity supply chain solutions to create a comprehensive end-to-end digital platform spanning primary and recycled materials markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Jules AI AI-driven commodity and trade risk management platform that automates workflows and identifies risk patterns for companies trading recycled materials, alloys, and industrial metals.

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature1 record

Partnerships

One partnership is on record.

• MineHub Technologies Inc.coreOthers · 26 September 2025MineHub Technologies Inc. signed a definitive asset purchase agreement to acquire Jules AI from Nyteco Inc. with an upfront payment of $1.9 million (approximately $1.35 million in shares and the balance in cash) plus up to $18.1 million in earn-out payments tied to a three-year cumulative revenue target of $5 million. The transaction completed in November 2025.

Recent moves2 records

Expansion highlights1 record

Emerging players

• Circulor: Supply chain traceability and ESG compliance platform for materials including battery metals and recycled inputs. Adjacent emerging player in the same circular economy and recycled materials space.
• Tradeshift: Digital supply chain and trade finance platform with workflow automation for B2B commerce, including industrial supply chains. Tangentially comparable to Jules AI's workflow automation mission applied to broader trading contexts.

Broad incumbents

• SAP: Global ERP incumbent whose enterprise suite is often deployed at large mining, metals, and recycling firms. Represents the broad incumbent option against specialized CTRM/workflow platforms like Jules AI.
• Oracle (NetSuite): Broad ERP and SCM suite used across industrial and recycling supply chains. A generalist incumbent alternative to specialized commodity trading automation platforms.

Direct peers

• Eka Software Solutions: Provider of commodity trading and risk management (CTRM) software for agricultural, energy, and metals traders. Direct competitor to Jules AI's risk management and workflow automation capabilities in the recycled materials and industrial metals trading space.
• Metalshub: Digital trading platform focused specifically on recycled metals and ferroalloys, providing workflow and matchmaking tools for scrap traders. Closest niche-focused comparable to Jules AI in the recycled materials vertical.
• Openlink Financial (ION Group): Long-standing leader in CTRM and trading risk management software, now part of ION Group. Serves metals, energy, and agricultural commodity traders with workflow automation and risk analytics — overlapping with Jules AI's core proposition.
• Aspect (ION Group): Enterprise CTRM/ETRM platform within the ION Group portfolio serving commodity trading firms. Direct comparable for trade risk management and workflow automation functionality in metals markets.
• Brady plc: UK-listed software company specializing in commodity trading, risk management, and logistics solutions, including for metals and recycling markets. Direct comparable in CTRM functionality targeting commodity merchants.
• MineHub Technologies Inc. TSX-V listed digital supply chain platform for mining and metals, including recycled materials. MineHub acquired Jules AI from Nyteco, integrating the AI workflow automation into its commodity supply chain solutions. Most directly comparable given overlap in customer base (recycled metals traders), product category (commodity supply chain software), and now shared technology.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/starkey-social

Revenue estimate

Valuation estimate

Number of profiles

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 Nyteco Inc.