Private equity AI platform Keye emerges with $5m seed round

July 29, 2025

Keye, an AI-driven platform designed to revolutionise due diligence in private equity, has officially launched from stealth.

The company has secured $5m in seed funding from a range of backers including Sorenson Capital, General Catalyst, Y Combinator, ERA, Tiferes Ventures, Dunamu Ventures, and Palm Drive Capital.

Angel investors include Kaz Nejatian, COO at Shopify, Philip Rathle, CTO at Neo4j, and Clark Valberg, former CEO of InVision.

Keye has developed a platform that streamlines the traditionally manual and time-intensive due diligence process in private equity. The system rapidly converts raw deal files into structured, audit-ready analyses, enabling investment teams to evaluate opportunities with greater speed and accuracy.

Keye’s AI tool is designed to help private equity firms make faster and more confident investment decisions, identify risks earlier, and avoid costly missteps. It performs quantitative analyses without error, provides Excel-ready outputs, and enables direct benchmarking across a firm’s historical deals. Keye’s AI mimics how top-performing investors think, delivering insights that were previously difficult or time-consuming to uncover.

The newly raised capital will be used to expand Keye’s engineering team and deepen its expertise in private equity. The company also plans to broaden its analytical offering to serve a wider range of sectors within the M&A community.

Unlike many AI tools that focus solely on summarising documents, Keye goes further by offering tools to scan virtual data room files, flag deal-critical risks, perform retention and cohort analyses, and attribute all data points to their original sources.

Keye founder and CEO Rohan Parikh said, “The diligence process hasn’t fundamentally changed in decades, even as the pace of dealmaking has accelerated dramatically.

“We built Keye because we lived this pain as investors – spending weeks on manual analysis that could be automated, missing critical patterns in the data, and struggling to synthesize insights fast enough to win competitive processes. The biggest investors in this round were initially users who saw how our platform helps them create alpha through better decisions backed by real math.”

Sorenson Capital vice president Suril Butala said, “The Keye team is solving a significant pain point for private equity investors by unlocking the manual and time-consuming process of due diligence.

“As a customer of Keye, we’ve fundamentally evolved how deals progress through our pipeline. We have largely automated our data ingestion process and can get from the first meeting to extending a term sheet much quicker. Keye gives us the data we need to focus on the core questions of a business, especially since we can easily export all the analyses the platform builds into Excel, and we can’t see ourselves going a day without it anymore.”