- Clarum offers a cutting-edge AI-driven platform to streamline the due diligence process in private equity and financial services.
- Founders Anton and Tommy's shared vision and complementary skills drive Clarum's innovative approach to financial technology.
As with every industry or sector, private equity and financial services, comes with numerous challenges and obstacles, in this case, in the domain of due diligence.
Clarum puts this on the table: a cutting-edge solution that transforms the landscape of private equity due diligence.
Pulling us away from traditional methods of having to scrummage through mountains of documents for acquisitions, mergers, and other transactions which are not only time-consuming but are also prone to human errors.
Clarum Front and Center
Clarum is a platform that enhances the due diligence process, using advanced and reliable AI.
It renders the vast pool of knowledge useful, from current and past transactions improving the decision-making at financial firms, thereby allowing investors to skip processing large volumes of cluttered data during deal flow within extremely tight deadlines.
Clarum is expanding its capabilities to various types of diligence such as financial, tech, tax, HR, and more.
Clarum's Backbone
The founders, Anton Otaner and Tommy He having met at McGill University, built their friendship by participating in various hackathons which uncovered a complementary synergy in their coding styles and thinking approaches.
Anton, with experience in blockchain engineering at Mint and AR development at EPHAS, has a foundation in the private equity sector.
Tommy, with a background in large data and quantitative analysis, has expertise in low-latency market connections at Tower Research Capital and private knowledge graphs at Optable.
This unique blend of skills their shared vision for the future of finance and their ability to endure challenging work periods cemented their decision to co-found Clarum.
The Clarum Platform: How It Works
Clarum automates investment due diligence through a series of advanced AI-driven processes:
1. Data Import: Users create a workspace and import data from major data rooms and cloud providers. The platform supports almost all file types and enhances usability by transcribing audio, extracting tables from PDFs, and more.
2. Due Diligence Process: The Clarum Answering Engine analyzes the data, identifies discrepancies, and extracts relevant information, ensuring high accuracy and reliability.
3. Custom Analysis and Reporting: Beyond standard due diligence, Clarum offers custom analysis tailored to the specific needs of a firm.
Users can integrate this analysis into customized reports, formatted in various styles like Excel and PowerPoint, to effectively communicate insights and support decision-making.
These capabilities serve industries such as private equity, venture capital, and M&A across both banking and corporate sectors, with a strong emphasis on security and privacy.
Clarum’s Revenue Model and Sustenance
Anton acknowledges that every firm will have its unique needs, with that in mind they designed Clarum’s revenue model such that it would align with the value that is provided to each client.
This varying price strategy ensures that the firms only pay for the specific benefits they receive.
Their client-centric approach makes for an attractive approach and proves to be a cost-effective solution further enhancing the due diligence process.
Accelerating with Y Combinator
Taking part in the Y Combinator program played an instrumental role in shaping the company and its entrepreneurial development.
Anton and Tommy not only received the invaluable guidance and resources provided by the YC mentors but also benefited from advice, referrals, and insights that are unique to the YC network.
Positioning in The AI Industry
In the AI industry, Clarum characterizes itself by being a dedicated tool for private equity most especially in investment diligence operations.
The platform is committed to prioritizing privacy and security; guaranteeing that all the data handled is protected with the highest standards.
Along with this, they also offer extensive connectivity and deep insights that empower users to perform thorough due diligence quickly and cost-effectively.
Clarum is in the lead in providing customized solutions for the equity sector, with Forbes naming it as a potential next tech unicorn.
Looking Beyond the Horizon
As this San Francisco startup grows, it plans to give more to its users, including advanced analytics by integrating data from a broader range of sources and tapping into historical data from the firms themselves.
This will allow more comprehensive and predictive insights, enabling their users to make better and more informed decisions in the private capital markets.
Clarum plans to expand its team, hoping to find dedicated engineers ready to push the boundaries of what is possible in the industry.
Having achieved so much since 2023, Anton and Tommy continue to support each other’s growth as founders of Clarum as they strive to transform the private capital markets.
We look forward to their growth and success!
Edited By Annette George
