DiligentIQ
AI will rapidly change Private Equity due diligence.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $12.0m | Series A | |
| Total Funding | 000k | ||
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DiligentIQ, which has rebranded to ToltIQ, is a company that has developed a generative AI-driven platform specifically for the private equity industry. The platform is designed to streamline and enhance the due diligence process for investment professionals. By leveraging artificial intelligence, the tool analyzes the vast amounts of information typically found in virtual data rooms (VDRs) and other proprietary data sets.
The core of their service is to help private equity firms conduct more thorough, efficient, and accurate due diligence. The platform is capable of identifying hidden opportunities and risks within the data, which can be crucial for making sound investment decisions. This accelerates the overall due diligence timeline, allowing firms to act faster.
The company targets investment professionals in the private markets, including private equity firms and other alternative investment firms. Their business model is likely a subscription-based service (SaaS) where clients pay for access to the platform. The company has successfully raised $12 million in a Series A funding round, indicating investor confidence in their solution and business model.
Keywords: AI-powered due diligence, private equity, generative AI, investment professionals, risk identification, data analysis, VDR analysis, alternative investments, financial technology, Series A