Barclays and Citi have co-led a $7 million seed funding round for Claira, a deal intelligence platform.
Claira introduces smart automation to a sector that has long depended on manual processes and workflows. Its technology integrates AI into deal workflows, speeding up due diligence and facilitating easy access to historical deal data and insights.
“Firms are sitting on a trove of proprietary research which they are not leveraging,” says Eric Chang, CEO of Claira. “Claira is the first platform to streamline the work while systematically capturing and applying institutional investment knowledge to future transactions.”
The company plans to use the funding to expand its engineering and go-to-market teams, strengthen partnerships with leading financial institutions, and further enhance its AI capabilities to address the nuances of capital markets.