Report
AI due diligence startup Operand raises $31M, CEO tells Axios
Axios reports Operand uses AI and nontraditional data to help private equity firms vet potential deals.
TLDR
Operand CEO Ram Gorthi tells Axios the startup raised $31 million in seed and Series A funding. Axios says Operand uses AI to process more data for private equity due diligence, focusing on nontraditional sources. The bet, as Axios describes it: firms will buy their AI tools rather than build them.
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