Delphi Data Labs is headquartered in Austria. Our infrastructure runs on European cloud providers. Our legal entity is a GmbH. When we started, some advisors told us this was a handicap — that serious market intelligence companies need a Delaware C-Corp, a San Francisco office, and AWS hosting.
We disagree. We think building from Europe is a strategic advantage, not a compromise. Here's the reasoning.
The concentration problem
Look at the market intelligence landscape and you'll notice a pattern. Bloomberg: New York. S&P Global: New York. Refinitiv (now LSEG Data & Analytics): originally New York, now London but NYSE-listed. Verisk: New Jersey. IHS Markit (now part of S&P): London but NYSE-listed. PitchBook: Seattle.
For a category that claims to serve global markets, the provider base is remarkably concentrated — geographically, legally, and in terms of data infrastructure. The vast majority of structured market data consumed by European organizations is processed through American legal entities, stored on American cloud infrastructure, and subject to American regulatory jurisdiction.
Why jurisdiction matters for infrastructure data
Infrastructure markets are inherently tied to national interests. When you're tracking nuclear energy projects, defense procurement, semiconductor manufacturing, or critical mineral supply chains, the data touches domains where governments care deeply about who has access, where it's stored, and under what legal framework.
European organizations — utilities, defense contractors, government agencies, development banks — increasingly face requirements around data sovereignty. GDPR is the most visible framework, but sector-specific regulations around critical infrastructure data are expanding across EU member states.
A market intelligence provider operating under European law, hosting data on European infrastructure, and structured as a European legal entity is aligned with this direction by default.
Proximity to the markets we serve
A less discussed advantage: we're physically and culturally closer to many of the markets we cover.
The European energy transition is one of the most complex and consequential infrastructure programs in the world. Understanding it requires reading German regulatory consultations, French nuclear policy updates, Spanish renewable energy tenders, and Nordic hydrogen corridor proposals — often before they appear in English-language trade press.
Our team operates natively in the languages, regulatory frameworks, and market structures of European infrastructure.
The bootstrapping question
We're also bootstrapped — no venture capital, no external board pressure to pursue growth-at-all-costs. This is a related but distinct choice.
We started with hydrogen — one sector, covered deeply — and expanded methodically to 37 sectors, ensuring that the data quality and structural depth met our standards before claiming coverage. We grew revenue from paying clients, not from investor subsidies. This is slower, but it produces a product that clients can actually trust.
What this means for clients
For European clients, working with Delphi means your market intelligence provider is subject to the same legal and regulatory framework you operate under. For non-European clients, working with a European provider offers a form of data diversification.
For everyone, our approach means that the data quality reflects deep domain expertise in European and global infrastructure markets — not a superficial skim of English-language sources padded to fill a coverage map.
Where we're going
We're not building a European copy of Bloomberg. We're building something that doesn't exist yet: a dedicated structuring layer for global infrastructure intelligence, built from Europe, under European rules, with European depth.