Created by potrace 1.16, written by Peter Selinger 2001-2019

beatandraise.com

Privacy Policy

Last Updated: 30 September 2026

Iterative Works GmbH via beatandraise.com collects some Personal Data from its Users.

Owner and Data Controller

Iterative Works GmbH, c/o WeWork, Oskar-von-Miller Ring 20, 80333 Munich

Owner contact email: [email protected]

Types of Data collected

Among the types of Personal Data that this Application collects, by itself or through third parties, there are: payment info; first name; last name; email address; billing address; purchase history; Trackers; Usage Data; Data communicated while using the service. Users who connect to the MCP connector or use the external API also have request metadata recorded, as described under “MCP connector and external API” below. People who receive the Owner’s outreach emails also have the Data described under “Emails sent to professional contacts” below.

Complete details on each type of Personal Data collected are provided in the dedicated sections of this privacy policy or by specific explanation texts displayed prior to the Data collection.

Personal Data may be freely provided by the User, or, in case of Usage Data, collected automatically when using this Application.

Unless specified otherwise, all Data requested by this Application is mandatory and failure to provide this Data may make it impossible for this Application to provide its services. In cases where this Application specifically states that some Data is not mandatory, Users are free not to communicate this Data without consequences to the availability or the functioning of the Service.

Users who are uncertain about which Personal Data is mandatory are welcome to contact the Owner - [email protected]

Any use of Cookies – or of other tracking tools — by this Application or by the owners of third-party services used by this Application serves the purpose of providing the Service required by the User, in addition to any other purposes described in the present document and in the Cookie Policy, if available.

Users are responsible for any third-party Personal Data obtained, published or shared through this Application and confirm that they have the third party's consent to provide the Data to the Owner.

Mode and place of processing the Data

Methods of processing

The Owner takes appropriate security measures to prevent unauthorized access, disclosure, modification, or unauthorized destruction of the Data.

The Data processing is carried out using computers and/or IT enabled tools, following organizational procedures and modes strictly related to the purposes indicated. In addition to the Owner, in some cases, the Data may be accessible to certain types of persons in charge, involved with the operation of this Application (administration, sales, marketing, legal, system administration) or external parties (such as third-party technical service providers, mail carriers, hosting providers, IT companies, communications agencies) appointed, if necessary, as Data Processors by the Owner. The updated list of these parties may be requested from the Owner at any time.

Legal basis of processing

The Owner may process Personal Data relating to Users if one of the following applies:

  • Users have given their consent for one or more specific purposes. Note: Under some legislations the Owner may be allowed to process Personal Data until the User objects to such processing (“opt-out”), without having to rely on consent or any other of the following legal bases. This, however, does not apply, whenever the processing of Personal Data is subject to European data protection law;
  • Provision of Data is necessary for the performance of an agreement with the User and/or for any pre-contractual obligations thereof;
  • Processing is necessary for compliance with a legal obligation to which the Owner is subject;
  • Processing is related to a task that is carried out in the public interest or in the exercise of official authority vested in the Owner;
  • Processing is necessary for the purposes of the legitimate interests pursued by the Owner or by a third party.

In any case, the Owner will gladly help to clarify the specific legal basis that applies to the processing, and in particular whether the provision of Personal Data is a statutory or contractual requirement, or a requirement necessary to enter into a contract.

Place

The Data is processed at the Owner's operating offices and in any other places where the parties involved in the processing are located.

Depending on the User's location, data transfers may involve transferring the User's Data to a country other than their own. To find out more about the place of processing of such transferred Data, Users can check the section containing details about the processing of Personal Data.

Users are also entitled to learn about the legal basis of Data transfers to a country outside the European Union or to any international organization governed by public international law or set up by two or more countries, such as the UN, and about the security measures taken by the Owner to safeguard their Data.

If any such transfer takes place, Users can find out more by checking the relevant sections of this document or inquire with the Owner using the information provided in the contact section.

Retention time

Personal Data shall be processed and stored for as long as required by the purpose they have been collected for.

  • Personal Data collected for purposes related to the performance of a contract between the Owner and the User shall be retained until such contract has been fully performed.
  • Personal Data collected for the purposes of the Owner’s legitimate interests shall be retained as long as needed to fulfill such purposes. Users may find specific information regarding the legitimate interests pursued by the Owner within the relevant sections of this document or by contacting the Owner.
  • The Owner may be allowed to retain Personal Data for a longer period whenever the User has given consent to such processing, as long as such consent is not withdrawn. Furthermore, the Owner may be obliged to retain Personal Data for a longer period whenever required to do so for the performance of a legal obligation or upon order of an authority.

Once the retention period expires, Personal Data shall be deleted. Therefore, the right of access, the right to erasure, the right to rectification and the right to data portability cannot be enforced after expiration of the retention period.

The purposes of processing

The Data concerning the User is collected to allow the Owner to provide its Service, comply with its legal obligations, respond to enforcement requests, protect its rights and interests (or those of its Users or third parties), detect any malicious or fraudulent activity, as well as the following: Handling payments, Answering User questions and producing research reports with the assistance of a third-party AI model, Sending email, User authentication, and Traffic optimization and distribution.

For specific information about the Personal Data used for each purpose, the User may refer to the section “Detailed information on the processing of Personal Data”.

Detailed information on the processing of Personal Data

Personal Data is collected for the following purposes and using the following services:

  • Subprocessor: Anthropic PBC — answering questions and generating research reports

    This Application uses the Claude API provided by Anthropic PBC, 548 Market St, PMB 90375, San Francisco, CA 94104, United States.

    Questions submitted to the chat feature, and the text of research requests emailed to the Application, may be sent to Anthropic’s API in order to produce the answer or report returned to the User. Anthropic does not train its models on data submitted through its API.

    Personal Data processed: Data communicated while using the service. Place of processing: United States. Privacy policy: https://www.anthropic.com/legal/privacy

  • Subprocessor: Stripe — handling payments

    This Application processes payments by credit card, bank transfer or other means via an external payment service provider. Users provide their payment details directly to that provider; this Application receives only a notification of whether payment succeeded.

    Stripe is a payment service provided by Stripe Payments Europe, Limited. Personal Data processed: billing address; first name; last name; payment info; purchase history; email address. Place of processing: European Union. Privacy policy: https://stripe.com/privacy

  • Subprocessor: Hetzner Online GmbH — hosting and storage

    This Application runs on dedicated servers and object storage provided by Hetzner Online GmbH, Industriestr. 25, 91710 Gunzenhausen, Germany. All application databases, filing documents and backups are stored on this infrastructure.

    Personal Data processed: all Data held by this Application, as the hosting provider. Place of processing: Germany (European Union). Privacy policy: https://www.hetzner.com/legal/privacy-policy

  • Subprocessor: Cloudflare, Inc. — traffic optimization, distribution and security

    This service filters communication between this Application and the User’s browser or MCP client, distributing content and protecting against abuse. Because it sits in front of the Application, it processes all requests, including the User’s IP address.

    Cloudflare is provided by Cloudflare, Inc. Personal Data processed: IP address; approximate location derived from it; Usage Data; various types of Data as specified in the privacy policy of the service. Place of processing: United States. Privacy policy: https://www.cloudflare.com/privacypolicy/

  • Subprocessor: Google — email delivery and optional sign-in

    This Application sends and receives email (including research reports and support correspondence) through Google’s mail service, and offers “Sign in with Google” as an optional authentication method alongside email and password.

    Personal Data processed: email address; first name; last name; the contents of email sent to or from the Application. Place of processing: United States. Privacy policy: https://policies.google.com/privacy

User authentication is handled by software running on this Application’s own servers. Account credentials are stored by this Application and are not shared with a third-party authentication provider.

MCP connector and external API

This Application publishes an MCP (Model Context Protocol) connector at mcp.beatandraise.com and an HTTP API, which let AI assistants and other software query SEC EDGAR filing data. The connector requires no account and no sign-in (a User may optionally send an API key from their account), and it is read-only: it retrieves public filing data and cannot modify anything.

For each request to the connector or the API, this Application records: the tool or endpoint called; the arguments supplied with it, which include any search terms the User or their AI assistant provided; the IP address of the caller; the approximate country, city and region derived from that IP address; the user agent and any client or model identifier the client sends; a session identifier generated by the client; and, if the caller chose to send one of their API keys, which key it was, which links those requests to the account that created the key. This information is stored on this Application’s own servers and is not sold, and is not shared with any third party other than the hosting and traffic providers listed above.

This Data is used to operate the service, to understand which features are used and how, to detect and prevent abuse, and to size capacity. Because the connector requires no account, this Data is not ordinarily linked to a named individual unless the User sends an API key, and the Owner does not collect further Personal Data for the sole purpose of being able to make that link.

This affects how the rights described under “The rights of Users” below can be exercised over connector Data specifically. A User who wants their connector records accessed or erased before the retention period expires may contact the Owner with the IP address they used and the approximate dates and times of their requests, which is enough for the Owner to locate and delete the matching records. Where a User cannot provide information sufficient to identify their records, the Owner may be unable to act on the request in respect of connector Data, and will say so rather than act on records that may belong to someone else. This limitation applies only to the connector and the API, and not to requests sent with an API key; Data held against a registered account can be identified from the account itself.

Users should be aware that search terms may themselves reveal an interest in a particular company or topic. Users who do not wish such terms to be recorded should not use the connector or the API.

Connector and API request records are retained for up to 12 months, after which they are deleted.

This Application does not collect, request or store the contents of a User’s conversation with their AI assistant beyond the arguments passed to the tools described above, and does not access a User’s files, chat history or memory.

Emails sent to professional contacts

The Owner sometimes writes to individuals at investment firms and other professional organisations, to tell them about this Application and the filings data it offers. For this the Owner holds the recipient’s name, employer, business email address, and a record of which email was sent to them. This Data is used only to send and manage these emails.

The Owner does not collect this contact information from the recipient directly. It is obtained from Apollo.io, a professional contact database provided by Apollo.io, Inc., United States, which compiles business contact details from public and commercial sources. Apollo’s own privacy policy: https://www.apollo.io/privacy-policy

Each such email contains a link to this Application that is unique to that email. When the link is opened, this Application records the time, the link’s identifier, the browser’s user agent and the country derived from the request. The IP address is not stored in this record. The identifier can be matched to the recipient, which is how the Owner knows that a particular email led to a visit. The emails contain no tracking pixel, so the Owner does not learn whether or when an email was opened, only that its link was followed.

The legal basis is the Owner’s legitimate interest in presenting its service to people whose professional work it is relevant to. Recipients can object at any time, for any reason, by using the unsubscribe link in any email or by replying “unsubscribe”. The Owner then stops writing to that address and keeps the address, and nothing else about the request, on a suppression list so that it is not contacted again. The suppression list is retained for as long as the Owner sends such emails.

Other recipient details and link records are kept for as long as needed for the purpose described above and are deleted on request. Recipients have the rights described under “The rights of Users” below and can exercise them by contacting the Owner at the address given above. Emails are sent through the email service provider listed above.

The rights of Users

Users may exercise certain rights regarding their Data processed by the Owner.

  • Withdraw their consent at any time. Users have the right to withdraw consent where they have previously given their consent to the processing of their Personal Data.
  • Object to processing of their Data. Users have the right to object to the processing of their Data if the processing is carried out on a legal basis other than consent. Further details are provided in the dedicated section below.
  • Access their Data. Users have the right to learn if Data is being processed by the Owner, obtain disclosure regarding certain aspects of the processing and obtain a copy of the Data undergoing processing.
  • Verify and seek rectification. Users have the right to verify the accuracy of their Data and ask for it to be updated or corrected.
  • Restrict the processing of their Data. Users have the right to restrict the processing of their Data. In this case, the Owner will not process their Data for any purpose other than storing it.
  • Have their Personal Data deleted or otherwise removed. Users have the right to obtain the erasure of their Data from the Owner.
  • Receive their Data and have it transferred to another controller. Users have the right to receive their Data in a structured, commonly used and machine readable format and, if technically feasible, to have it transmitted to another controller without any hindrance.
  • Lodge a complaint. Users have the right to bring a claim before their competent data protection authority.

Details about the right to object to processing

Where Personal Data is processed for a public interest, in the exercise of an official authority vested in the Owner or for the purposes of the legitimate interests pursued by the Owner, Users may object to such processing by providing a ground related to their particular situation to justify the objection.

Users must know that, however, should their Personal Data be processed for direct marketing purposes, they can object to that processing at any time, free of charge and without providing any justification. Where the User objects to processing for direct marketing purposes, the Personal Data will no longer be processed for such purposes. To learn whether the Owner is processing Personal Data for direct marketing purposes, Users may refer to the relevant sections of this document.

How to exercise these rights

Any requests to exercise User rights can be directed to the Owner through the contact details provided in this document. These requests can be exercised free of charge and will be answered by the Owner as early as possible and always within one month, providing Users with the information required by law. Any rectification or erasure of Personal Data or restriction of processing will be communicated by the Owner to each recipient, if any, to whom the Personal Data has been disclosed unless this proves impossible or involves disproportionate effort. At the Users’ request, the Owner will inform them about those recipients.

Additional information about Data collection and processing

Legal action

The User's Personal Data may be used for legal purposes by the Owner in Court or in the stages leading to possible legal action arising from improper use of this Application or the related Services.

The User declares to be aware that the Owner may be required to reveal personal data upon request of public authorities.

Additional information about User's Personal Data

In addition to the information contained in this privacy policy, this Application may provide the User with additional and contextual information concerning particular Services or the collection and processing of Personal Data upon request.

System logs and maintenance

For operation and maintenance purposes, this Application and any third-party services may collect files that record interaction with this Application (System logs) or use other Personal Data (such as the IP Address) for this purpose.

Information not contained in this policy

More details concerning the collection or processing of Personal Data may be requested from the Owner at any time. Please see the contact information at the beginning of this document.

How “Do Not Track” requests are handled

This Application does not support “Do Not Track” requests.

To determine whether any of the third-party services it uses honor the “Do Not Track” requests, please read their privacy policies.

Changes to this privacy policy

The Owner reserves the right to make changes to this privacy policy at any time by notifying its Users on this page and possibly within this Application and/or - as far as technically and legally feasible - sending a notice to Users via any contact information available to the Owner. It is strongly recommended to check this page often, referring to the date of the last modification listed at the bottom.

Should the changes affect processing activities performed on the basis of the User’s consent, the Owner shall collect new consent from the User, where required.