Comparables.ai secures $6M seed to scale its AI platform for dealmakers

Comparables.ai has raised $6 million in seed funding to expand its AI platform for private and public market intelligence. The round was led by Pragmatech and Araya Ventures, with support from Purple Ventures, Gorilla Capital, hi5 Ventures, Somersault Ventures and others.

The company is going after a familiar pain point in dealmaking: too little visibility. Its platform is aimed at corporate development teams, private equity firms, M&A advisors and investment banks, and it pulls together private company financials, group structures, valuation data, M&A transactions and verified contacts. The pitch is simple enough. Instead of stitching together registries, databases and spreadsheets, users can search a global dataset of more than 370 million active companies and map a market in minutes.

That matters most in early-stage discovery, where deal teams are trying to find targets, buyers or add-on candidates before bringing in outside advisors. Comparables.ai says that work is moving in-house more often, with teams trying to cut both time and cost while still running a broader search from the start. Co-founder Martin Kangasniemi put it bluntly: if you cannot see the whole field, you cannot run the best process.

The company says its platform is already used by more than 50,000 professionals in more than 30 countries. It also says an unnamed Big Four advisory firm is extending deployment to more than 10 countries, a sign that the product is moving beyond single-market use. The new capital will go toward multi-market rollouts and further work on the company’s AI engine.