DiligentIQ Raises $12M in Series A Funding
Summary
DiligentIQ, a NYC-based AI-powered platform for conducting private equity due diligence, raised up to $12m in a two-tranche Series A funding. Founded by Ed Brandman, former Partner, Chief Information Officer and Head of Credit Operations at global investment firm Kohlberg Kravis Roberts & Co. (KKR), DiligentIQ is a generative AI platform that is tailored to support the needs of private market investment professionals as they evaluate deal opportunities. The technology securely ingests deal documents typically found in virtual data rooms (VDRs) while rapidly analyzing and categorizing them to extract critical insights. By delivering clear, actionable intelligence, and reducing the need for manual workflows, DiligentIQ enables investment teams to digest complex information and identify opportunities and risks with greater speed and accuracy. DiligentIQ is already deployed across private equity firms, family offices and diligence advisory firms, including HarbourVest Partners, Fortress Investment Group, Investcorp, and PPC Enterprises.