The first AI-native VDR
for financial due diligence.
Every transaction happens inside a VDR — but setting it up, structuring it, and answering buyers still eats the deal team’s nights. Conclave runs that work for you, inside the room.
| Line item | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | 84,210 | 96,844 | 112,330 |
| Gross profit | 38,702 | 44,168 | 52,199 |
| EBITDA 4.2 | 14,118 | 16,205 | 21,684 |
| D&A | (3,402) | (3,661) | (4,120) |
| EBIT | 10,716 | 12,544 | 17,564 |
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Every transaction lives in a VDR. Intelligence still doesn’t.
The deal room holds the data. The intelligence sits elsewhere — in spreadsheets, in side tools, in email threads. Bankers don’t want to add new tools to their workstreams; they want their existing tools to perform better.
Every transaction happens inside a VDR — but running the sell-side is still manual, fragmented, and slow.
Legacy VDRs have shipped no meaningful innovation in ~20 years.
AI can run the sell-side — but only if it lives where the data already is, permission-bound and audit-read.
A new category: AI-native deal infrastructure.
AI adoption in M&A is rising — yet security limits how it is deployed.
A faster way to run an M&A process
Conclave unifies the data room and the intelligence layer. Instant insights, full source traceability, transparent model reasoning — all inside the permissioned boundary of the deal itself.
Permission-bound intelligence.
The assistant only sees what a user is entitled to see. No leakage across tiers.
Semantic Q&A, source-cited.
Ask across the entire room. Get an answer with a footnote chain to the page.
Spot inconsistencies across files.
Duplicate files, conflicting figures, drifting versions — surfaced automatically.
Agentic matrix across every document.
Answer diligence questions against a whole category in parallel. Each cell is a cited answer, not a guess — with reasoning, sources and a confidence grade.
AI redaction agents.
Redact sensitive terms across thousands of documents in seconds — reviewable, reversible.
From document to financial model.
Tag any VDR document as a model assumption using @references. Conclave structures the logic and pushes cited outputs directly into Excel — no copy-paste, no drift.
Beyond the deal room.
The VDR is mandatory infrastructure. What happens when the infrastructure is also intelligent, permanent, and permission-bound by default?
Native intelligence layer.
AI analysis operates where sensitive financial data already resides — eliminating data export and fragmented workflows. Intelligence stays permission-bound and audit-read.
Permanent data infrastructure.
Conclave replaces temporary VDRs with a permanent system of record. Transactions, portfolio monitoring, internal documents and governance operate within one environment.
From document to financial model.
Tag a term sheet or a contract. Conclave structures the logic and inserts cited outputs directly into Excel in seconds. Models built from source, not from memory.