Modus3 has developed an artificial intelligence-powered platform helping businesses to monitor their operations and their compliance with governance frameworks in real time. Founder and CEO Darren Douglas speaks about the company’s offering and use of space data to improve the environmental, social and governance scores of funds. He also highlights the support he has received, from setting up a company in Luxembourg and finding a home and community at an incubator to expanding into the Canadian market.

Mr Douglas, what does Modus3 offer?

“We are focused on three key areas: conducting, monitoring and orbiting.”

You decided to integrate space data into a platform designed for asset managers. Why?

“You can’t produce an accurate ESG (Environmental, Social and Governance) score for funds without specific data.”

You want to go further in the space sector by selling your platform to space companies. This was not your original plan…

“Asset managers and space companies have the same specific monitoring and regulatory requirements.”

You are Irish, but you came in Luxembourg to grow your start-up. Why did you choose this country?

“Luxembourg is a fantastic place for any start-up.”

Read more

Luxembourg launches Dataspace4Health


Using the power of data to transform healthcare, this ecosystem is designed to revolutionise secure and compliant health data exchange in Luxembourg and beyond.
Read more

Luxembourg joins NATO's DIANA network


In a joint effort by the Luxembourg Directorate of Defence and Luxinnovation, a selection of national innovation facilities has just been selected to integrate the DIANA (Defence Innovation Accelerator for the North Atlantic) network of NATO.
Read more

South Korean Vsion opens European HQ in Luxembourg


Smart window specialist Vsion incorporates in Luxembourg to expand into the European market with its groundbreaking PDLC film technology.
Read more

Sustainable composite materials for vehicles of the future


The Luxembourg Institute of Science and Technology creates sustainable composite materials fulfilling the needs of transport equipment manufacturers.
Read more

“An international view on the European healthtech market”


Carole Brückler at the Luxembourg Ministry of the Economy speaks about why companies should attend the European Digital Healthtech Conference on 14-15 May 2024.
Read more

Resources all news