Clarum Introduction
Clarum is an AI-powered due diligence platform that helps private equity firms and wealth managers accelerate deal flow with transparent and efficient analysis of financial data.
View MoreWhat is Clarum
Clarum is a cutting-edge artificial intelligence platform designed to revolutionize the due diligence process for financial firms, particularly in the private equity and wealth management sectors. Founded in 2023 by Anton Otaner and Tommy He, Clarum aims to streamline and enhance the efficiency of financial workflows by automating manual diligence tasks. The platform leverages advanced AI technology to process large volumes of unstructured data quickly, providing users with rapid, transparent, and reliable insights to support their decision-making processes.
How does Clarum work?
Clarum operates by integrating seamlessly with a firm's existing data infrastructure. Users can import data from various sources such as virtual data rooms (VDRs), shared drives, emails, and local files. The platform then utilizes its AI-driven internal search and answering engine to analyze this data comprehensively. When users upload due diligence questionnaires, Clarum can answer hundreds of questions in minutes, drawing information from the entire knowledge base. Each response is linked back to its source document, ensuring transparency and traceability. The system employs multiple checks to validate responses, guaranteeing data reliability and trustworthiness. This process allows firms to conduct thorough due diligence at unprecedented speeds, potentially reviewing hundreds of questions in minutes rather than weeks.
Benefits of Clarum
The benefits of using Clarum are substantial for financial firms engaged in due diligence processes. By dramatically reducing the time required for data analysis and question-answering, Clarum enables firms to accelerate their deal flow, potentially closing more deals and avoiding the risk of losing opportunities due to inefficient processes. The platform's AI-driven insights provide a more comprehensive and data-driven approach to due diligence, potentially uncovering valuable information that might be missed in manual reviews. Additionally, the transparency and traceability of Clarum's outputs enhance the reliability of the due diligence process, providing firms with greater confidence in their decision-making. Ultimately, Clarum offers a competitive edge in a fast-paced financial landscape where speed and accuracy are crucial.
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