New: who buys company data, October 2026 list
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Polyshares vs Troveo: one payment or a share of every sale?

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What they buy

The working record of the business: Slack, email, Drive, spreadsheets, CRM history, support tickets, design files, call recordings, and accounting and ERP exports.[1] as of

Its data-source guides cover about 90 systems, from Teams, HubSpot and Salesforce to ServiceTitan, Procore, NetSuite, Snowflake and Zoom or Gong recordings.[2] as of

It says value lies in reasoning captured while the work happened, not volume; data a company holds for its own clients is out of scope.[3, 4] as of

Its data-source index groups ServiceTitan, Housecall Pro, Jobber, AccuLynx, JobNimbus, Buildertrend, Procore, CompanyCam, Arrivy and FieldEdge under 'Field operations' (work orders, dispatch, job tickets, site records).[5] as of

Its data-source index lists Slack, Microsoft Teams, Google Chat, Discord and WhatsApp Business under team chat (usually reported in messages), and Google Drive, SharePoint, OneDrive, Dropbox, Box and Egnyte under files and documents (usually reported in GB).[5] as of

Under accounting and ERP ('Ledgers, invoices, bills and inventory') it lists QuickBooks, Xero, NetSuite, Sage Intacct, Microsoft Dynamics 365 Business Central, SAP and Odoo. Under HR and payroll (Gusto, Rippling, ADP, BambooHR, Deel) it asks for record counts only and says 'Payroll detail is de-identified before anything moves.'[5] as of

Its project-management category ('Tasks, issues and their comment history') lists Jira, Linear, Asana, ClickUp, monday.com and Trello; CRM ('Contacts, deals and the activity attached to them') lists HubSpot, Salesforce, Zoho CRM, Pipedrive, GoHighLevel, Microsoft Dynamics 365 Sales and Close; and design and CAD ('Design files, drawings and creative assets', usually reported in GB) lists Figma, Adobe Creative Cloud, Canva and AutoCAD.[5, 2] as of

Its data-source index has Ecommerce (orders, products and customers), with Shopify, Amazon Seller Central, WooCommerce and BigCommerce guides, and Product analytics (event streams and product usage history), with Google Analytics, Mixpanel and Amplitude guides. Its Google Analytics guide sizes raw events in GB, or uses event counts when there is no BigQuery link.[5, 6] as of

Records from eight kinds of business systems: chat, email and calendar, documents, work and knowledge tools, CRM and support, IT/HR/operations platforms, finance and operations, and data and code. It also invites internal systems.[7] as of

Outside business data, Troveo licenses video, audio, gaming and robotics content from creators and media companies.[8, 9] as of

Its home page gives IT Service Management, Salesforce/CRM, Customer Support, Financial Operations and Inventory Management as example systems of record.[10] as of

Its chat card names Slack, Microsoft Teams, Google Chat and Zoom; its documents card names Google Drive, OneDrive, SharePoint and Dropbox ('Contents plus the metadata: authorship, versions, timestamps'); and its work and knowledge card names Jira, Linear, Asana, Monday, Notion and Figma ('Tickets, sprints, wikis, and complete project histories').[7] as of

Its CRM, sales and support card names Salesforce, HubSpot, Google Calendar, Intercom and Zendesk ('Opportunity lifecycles, account histories, and the judgment calls in every close'); its business-platforms card names ServiceNow, Workday, SAP and Dynamics ('Records behind IT, HR, and operations tickets, workflows, and approvals'); and its finance and operations card names QuickBooks, Stripe, NetSuite, Pigment and Shopify ('Ledgers, invoices, and contracts — how the money actually moves').[7] as of

Who they buy from

Any company with real operating history in any sector, whether venture backed, middle market or founder owned.[1] as of

Listed sectors include software, logistics, manufacturing, professional services, healthcare administration, financial services, retail, hospitality and construction.[3] as of

Operating companies. No minimum size, age or location is published; its calculator runs from 20 to 1,000+ employees and from under 3 to 15+ years of history.[7] as of

Startups that are shutting down: a September 2026 guide covers licensing code, tickets, Slack threads and docs, and advises setting this up before the company dissolves.[11] as of

Its assessment also offers a role option for managed-service providers ('I run an MSP').[12] as of

Its snapshots page lists 'Construction & Building Trades' among 11 industries. One card, a 'Tech-Enabled Construction Company' (USA, 50–79 employees, 6 years, 13 systems), shows ServiceTitan, Google Workspace and Slack logos; another, a 'Building Products Manufacturer' (Manufacturing & Industrial, 500–999 employees), shows Microsoft Teams, OneDrive and Dynamics 365.[13] as of

Its assessment's business-type options include IT/MSP, healthcare/clinics/RCM, insurance/claims, financial services/fintech, legal/professional services, BPO/contact center, logistics/field service/supply chain, manufacturing/industrial, retail/e-commerce, marketing/media/creative agency, software/SaaS, real estate/property and something else.[12] as of

Payment model

Polyshares says it pays the company directly as the buyer and counterparty, with no fee or commission to the seller.[1] as of

Payment is net 30 to 60 days once the data is approved, shared and anonymized.[1] as of

Its terms table describes 'a license to defined operational data', non-dilutive, with no equity or debt; its case studies each show one amount paid per deal.[1, 14] as of

Revenue share: Troveo says the owner shares in the revenue on every sale of its data, the first and each later one. The percentage is not published.[7] as of

Troveo says owners pay no fees or setup costs and that it takes no deductions from payouts. Its own share of each sale is not stated.[7] as of

For its video program, Troveo's help center says there is no fixed payout schedule, licensors are paid after the AI client pays, and delivery to payout can take up to 4–5 months.[15, 16] as of

Published ranges

Its terms table states deal sizes of $100K to $2M, and above for large records.[1] as of

Four anonymized case studies list $450K (roofing, filed under Home services), $300K (general contractor, Construction), $275K (solar, Energy) and $110K (marketing agency, Professional services), each a perpetual exclusive license.[14] as of

Troveo says typical full-company deals start at six figures. It does not say whether that is the buyer's price or the owner's share.[7] as of

An example on its page totals $850,000 from four sales ($200,000, $250,000, $200,000 and $200,000), labelled illustrative, with 'actual terms scoped per partnership'.[7] as of

Its assessment page shows a sample result of $850K–$925K in estimated first-year net earnings from 4+ licensing deals, marked illustrative.[12] as of

Process

Three steps: check your data (about two minutes), review and price (offer within one to two weeks, terms papered right after), then payment net 30 to 60.[1] as of

Intake asks for record counts, not files; Polyshares says it prices from a sample of the record and requires no exclusivity while talking.[17, 1, 18] as of

Four steps, as Troveo describes them: scope what is in or out, agree standard terms covering license and earnings, package (anonymize and document in a manifest), then get paid.[7] as of

No system access or software: the company runs the exports with Troveo's guidance (a short scoping call and a few hours, its FAQ says). Troveo handles every buyer conversation.[7] as of

Troveo says ownership never transfers and that exclusivity is time-limited, with exit terms in the agreement. A July 2026 guide says 95% of its licensors signed exclusively.[7, 19] as of

Data handling

An unnamed specialist PII partner anonymizes the record first, removing names, emails, phone numbers, account numbers and addresses while keeping roles, timestamps and work content.[17] as of

Its data-handling page says two people at Polyshares can see an unmasked record and that two named people are the only ones there who see a company's identity alongside its data; its FAQ says identifiers are stripped by a PII partner before Polyshares sees the record.[17] as of

It does not disclose which labs receive a record, and says resale or use beyond the license scope is not permitted.[17, 20] as of

Troveo says names, contact details, credentials and client identities are removed under one documented standard before use. The standard itself is not published.[7] as of

Buyers evaluate the data anonymously and are introduced to the company confidentially only after an agreement is signed. They receive anonymized data with a manifest of what is included.[7] as of

Geography

No geographic restriction is published; the intake asks for headcount by country, the share of data in English and revenue in USD.[4] as of

No country eligibility rule is published for business data. The assessment asks which languages the company's data uses, not where the company is based.[12] as of

Troveo says its overall library spans 150+ countries and 60+ languages, mostly video and audio.[10] as of

How to apply

Start at the multi-step intake, which requires creating an account, or book a 30-minute call; the intake says a reviewer may call, with 'no sales calls'.[1, 4] as of

Application page

An online assessment of 10 questions returns a dollar estimate; name, company and work email are required to see it.[12] as of

The results page offers a 15-minute call, and the contact page has an 'I want to license my data' route.[12, 21] as of

Application page

Not publicly stated
  • Funding or investors checked
  • Names of the AI labs that receive the data checked
  • Name of the anonymization partner checked
  • Security certifications, retention and deletion terms checked
  • License length (pages say 'defined term'; case studies say 'perpetual') checked
  • Dates of the case-study deals checked
  • Names of the two people who see company identities checked
  • Revenue-share percentage for business data checked
  • Payment timing for business-data deals checked
  • Length, scope and exit terms of exclusivity checked
  • Names of its buyers checked
  • The anonymization standard, and where raw exports are stored and when they are deleted checked
  • The licensing agreement owners sign checked

Polyshares says it buys a license to your records and pays an agreed amount 30 to 60 days after approval; Troveo licenses them for you for a revenue share (Polyshares, Troveo, as of October 2026). Both say they charge the owner nothing. Polyshares resupplies the data itself, so it carries the resale; with Troveo, your income depends on how many sales Troveo makes.

Who is on the other side of the contract?

For a Polyshares seller it is Polyshares; for a Troveo seller it is the AI buyers Troveo finds, with Troveo acting as agent. Polyshares says, “We buy it. Polyshares is the counterparty on the deal,” then supplies AI labs and “does not disclose which labs receive it” (who buys company data, September 2026). Troveo says it “licenses data on behalf of the companies that own it” (assessment page), that ownership “never transfers,” and that buyers “evaluate your data anonymously and are confidentially introduced only after an agreement is signed” (business data page).

How do the payments differ in practice?

Polyshares pays an amount agreed in the terms, net 30 to 60 days once the data is approved, shared and anonymized, and its homepage puts deal sizes at $100K to $2M, or more for large records (homepage, as of October 2026). Its four case studies each show a single amount, from $110,000 to $450,000. The money arrives after delivery, not at signing.

Troveo says owners “share in the revenue on every sale — the first and every one after,” without publishing the percentage (business data page, as of October 2026). It says “typical full-company deals start at six figures,” but not whether that is the buyer’s price or the owner’s share. Its payout example, labeled “illustrative,” shows a $200,000 first sale followed by three more sales, for $850,000 in total. It also claims an average of four sales per dataset, without giving a method.

Troveo publishes no payment timing for business data. Its support articles for its video and content program say there is “no fixed payout schedule” (payouts) and that deals can take “up to 4-5 months from delivery to payout” (deal timing). Troveo does not say whether that applies to business data, so ask. Upfront vs revenue share compares the two models on timing and risk.

What does each ask you to give up?

Both lean toward exclusivity, on different terms. Polyshares’ data-handling page says licenses are “exclusive by default unless we agree otherwise,” and all four of its case studies are a “perpetual exclusive license” (data handling; case studies). One of its answers pages instead describes a “bounded, non-exclusive license” that leaves the company free to license again (who buys company data). Troveo says business-data exclusivity is “time-limited and it has to be earned,” with “clear exit terms” in the agreement (business data page), and that 95 percent of its licensors across all programs have signed exclusively (Troveo guide, July 2026).

An exclusive, perpetual license to Polyshares leaves no room to license the same records elsewhere. Exclusivity with Troveo means that, for its duration, your income depends on Troveo’s sales alone, so the exit terms matter. Neither publishes the length of its license or exclusivity. Ask each for it in writing.

Who handles your raw data, and how much work is it?

Troveo receives your exports itself; Polyshares says an anonymization partner it does not name handles the records first. Troveo says the owner does the exports with its guidance and Troveo handles “the anonymization, packaging, and every buyer conversation,” removing names, contact details, credentials and client identities “under one documented standard” that it does not publish (business data page). Polyshares says “a specialist PII partner anonymizes the record first,” but the same page also says “two people at Polyshares can see an unmasked record” (data handling).

The effort is front-loaded differently. Polyshares’ intake asks for an account and an exact record count and years in use for each tool, from each tool’s admin page. Troveo’s assessment is 10 questions with no obligation, and it says the later work is “a short scoping call and a few hours on exports.”

Which fits a company that is closing?

Only Troveo describes a process for it. Troveo’s guide for startups that are shutting down says it can “scope the archive, remove the personal details, package it, and license it to buyers,” and advises setting up licensing before the entity dissolves (Troveo guide, September 2026). The guide does not say how payments from later sales continue after dissolution, which matters under a revenue share. Polyshares’ pages describe operating companies and do not address closing ones. Troveo also licenses video, audio and gaming content through a separate program.

What public track record does each have?

Troveo has independent reporting on its funding and payouts, mostly about its video business; Data Licensing Report found none for Polyshares as of October 2026. Troveo launched with $4.5 million in seed funding led by Seven Seven Six, reported by The Hollywood Reporter in November 2024. Its April 2026 release says it has paid more than $20 million to content owners and added business data as a new category; the total is not split by category, and its content-owner page shows “$50M+” instead.

Polyshares’ domain was registered in May 2024 (Verisign RDAP). It names three managing partners on its team page, lists no investors, and publishes four undated case studies with no sellers named.

Which should we choose, Polyshares or Troveo?

Public facts do not make either the better choice; it depends on how you weigh a known amount against later sales. Based on what each publishes as of October 2026:

Polyshares fits if:

  • you want one agreed amount and a stated payment window (net 30 to 60 days after approval);
  • you would rather not depend on later sales, and accept that Polyshares keeps whatever it earns from resupply;
  • you are comfortable not knowing which AI labs use the records;
  • you want an offer quickly: it says one to two weeks.

Troveo fits if:

  • you prefer a share of every sale over one amount, and can wait for sales that have no published schedule;
  • your company is closing, or you also hold video, audio or gaming content;
  • you want the buyers introduced to you after signing;
  • outside reporting matters to you: Troveo’s funding and earlier payouts were covered by the press, though for its video program.

Neither publishes:

  • what it keeps: Troveo’s revenue-share percentage, or the price Polyshares resupplies at;
  • the names of the AI labs or other buyers;
  • its anonymization standard (Troveo) or anonymization partner (Polyshares);
  • payment timing for business data (Troveo), or a fixed license length (Polyshares).

Can we talk to both before deciding?

Yes, on their stated terms. Polyshares’ deal-process page says there is “no exclusivity while we talk” (deal process), and Troveo describes its assessment as carrying no obligation (assessment page). If you already hold an offer from either, the offer benchmark sets out its terms against the questions above.

Sources

  1. Polyshares | A data lab that buys operational data (homepage), Polyshares. Accessed .
  2. polyshares.com/llms.txt, Polyshares. Published . Accessed .
  3. Polyshares program page, Polyshares. Accessed .
  4. Data intake: get your company's data reviewed by Polyshares, Polyshares. Accessed .
  5. Data source guides index | Polyshares, Polyshares. Accessed .
  6. Polyshares Google Analytics source guide, polyshares.com. Accessed .
  7. Troveo program page, Troveo. Accessed .
  8. License Your Content to Top AI Companies | Troveo, Troveo. Accessed .
  9. How to Sell Data to AI Companies (and What It's Worth in 2026), Troveo. Published . Accessed .
  10. Troveo | Real-World Data Powering Top Frontier Labs, Troveo. Accessed .
  11. Shutting Down Your Startup? How to Sell Your Code and Data to AI Labs, Troveo. Published . Accessed .
  12. What's Your Business Data Worth? | Troveo, Troveo. Accessed .
  13. Troveo Business Data snapshots, Troveo. Accessed .
  14. Case studies | Polyshares (/track-record), Polyshares. Accessed .
  15. How do payouts work on Troveo? (Troveo Knowledge Base), Troveo. Accessed .
  16. How long do Troveo licensing deals take? (Troveo Knowledge Base), Troveo. Accessed .
  17. How we handle your data | Polyshares, Polyshares. Accessed .
  18. How does a data licensing deal work? | Polyshares, Polyshares. Published . Accessed .
  19. AI Data Licensing in 2026: How Deals Work and What Data Costs, Troveo. Published . Accessed .
  20. Who buys company data? | Polyshares, Polyshares. Published . Accessed .
  21. Contact | Troveo, Troveo. Accessed .

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