AI-native virtual data room

The deal infrastructure for the AI era.

Conclave is the AI-native VDR built to run M&A processes itself — every banker, every bidder, and every agent working from the same room.

Permission-bound by designCited by defaultAudit-ready always
AI experts on demand
0+
Documents leaving the VDR
0
Audit trail per deal
1

The problem

Bankers don’t want new tools. They want their existing tools to do more.

AI adoption in M&A is rising, yet security and governance concerns block deployment where it matters most — inside the deal.

0%Limitation

of investment bankers cite security & confidentiality as the biggest limitation preventing broader AI adoption in deals.

0%Reality

already use AI on diligence documents outside enterprise-grade security infrastructure, exposing sensitive deal data.

Your existing tools, doing moreevery action cited & audited

The solution

One data room. For your team and your AI agents.

AI must run where the data already lives, not as a layer bolted on top. Conclave is the first AI-native VDR built to run M&A processes itself.

01Native intelligence

AI runs where the data lives

Documents never leave the VDR. Agents inherit user permissions, and every action lands in a single audit trail. Security and intelligence converge in one infrastructure.

02Agentic workflows

Skills, not features

Each skill is a specialized agent trained on one diligence task: contract review, customer concentration, EBITDA bridges, Q&A drafting.

03Document to model

From VDR to Excel in seconds

Tag a contract or term sheet and Conclave structures the logic and writes the cited financial model directly into Excel.

The room

Structured. Cited. Permission-bound.

Every answer carries its sources. Every agent action lands in the audit trail.

Project Aurora — Sell-side M&A · Data roomLive
YouWhich contracts could block or delay the sale?

I read all 462 contracts. Two need attention before signing — every finding links to the exact clause:

ContractFindingImpactRead it yourself
Supply_Agr_FY24.pdfHelios S.p.A.Helios may cancel its supply contract if the company changes owner€4.2M / yr revenue at riskClause 9.1 · p. 17
MSA_2023_v4.pdfNordwind GmbHNordwind must consent in writing before the sale can closeCan delay or block closingClause 12.3 · p. 41
Lease_Milan_HQ.pdfVia Brera 9 S.r.l.Landlord must be notified within 30 days — cannot objectNone — formality onlyClause 7.2 · p. 8
459 other contractsNo restrictions on a change of ownerFull text scanned
Answered in 40 seconds · saved to Q&A thread #97✓ Logged in the audit trail

The Conclave agent

An agent inside the room. Never outside it.

It inherits your permissions, reads only what you can read, and writes every action to the audit trail.

01 — Data roomDocuments never leave
02 — AgentPermission-bound
03 — OutputCited & audit-ready

Workflow

How a deal flows through Conclave.

01

Bulk upload of seller documents.

02

Auto-structuring of folders and taxonomy.

03

Semantic deduplication and figure-inconsistency detection across files.

04

AI Q&A drafting with cited responses, ranked by confidence.

05

Agentic tables for multi-document extraction with citations.

06

Audit-ready release to bidders, with full provenance.

AI Experts

Rent AI experts. Not consultants.

Pre-built skills for every diligence phase, each one a specialised agent trained on a single task. Power users compose their own.

Each skill replaces external advisorstypically billed €30–150k per deal→ €500 / skill / month

Financial analyst

Financial modelling

EBITDA bridgeModelling
Commercial DD

Market & competition

Competitive analysisMarket sizing
M&A lawyer

Legal review

Contract reviewLitigation
Forensic accountant

Earnings quality

Quality of earnings
HR / Org expert

People & org

Org chartsComp & benefits
Tech DD lead

Technology

IT / cyber DDTech stack
Fiscal / tax expert

Tax & structuring

Deal structuringTransfer pricing
ESG DD

ESG & governance

Climate riskGovernance

From document to financial model

Tag VDR documents directly inside Excel, Conclave structures the logic and writes the cited model into the sheet.

Create a financial model — use@financial-statementsfor key assumptions

Thinking…

Pricing

Three ways in. One platform.

01 — Transactional

Data Room

€999

/ deal / month

  • Standard VDR feature set
  • Full AI layer included by default: AI Experts, agentic tables, AI Q&A

Legacy VDRs average €25k per deal; Conclave ≈€7k flat

02 — Consumption

AI Experts

€500

/ skill / month

  • Each AI Expert is a specialised consultant, M&A counsel, or forensic accountant
  • Billed monthly while active; pause or close, billing stops
  • Curated library + custom skills built by the firm, reused across deals

Replaces external advisors billed €30–150k per deal

03 — Subscription

Workspace

Contact sales

Annual firm-wide license

  • Firm-wide license with unlimited rooms, unlimited deals, all skills included
  • Custom skills encoded by the firm, reused across every deal

Replaces per-deal fees and AI Expert billing entirely

Request demo

See your deal room. Live.

A 30-minute session built around one of your past deals — upload, structure, Q&A, and a cited model in Excel.