Extract insights from documents in seconds, not hours
Your team's internal research tool for the data room. Type a question in plain English and Peony's AI reads across every file — PDFs, spreadsheets, contracts, slide decks — and returns a cited answer with the exact page number. No more opening documents one by one.
How AI Document Extraction works
Cross-file intelligence
Ask a single question and Peony reads across every document in your data room — PDFs, spreadsheets, slide decks, contracts, and more. One query, one consolidated answer, no manual file-by-file review.
Cited answers with exact page numbers
Every response references the specific document, page, and passage it was sourced from. Click through to verify the source yourself. No hallucinated answers — every claim is traceable.
Answers in seconds, not hours
Ask a question across hundreds of documents and get a synthesized answer in seconds. What used to take a team days of manual review now takes a single prompt.
Natural language — no query syntax
Ask questions the way you would ask a colleague. No Boolean operators, no keyword guessing. Peony understands context, follow-ups, and complex multi-part questions.
Permission-aware AI
The AI only answers from documents the user has permission to access. If a file is restricted, it stays restricted — even from AI queries. Security is enforced at every layer.
Your team researches faster
Research a target's financials
Ask "What was EBITDA for the last 3 years?" and get a consolidated answer with citations from multiple financial documents. No more opening spreadsheets one by one to piece together a picture.
Surface hidden risks across contracts
Ask "Are there any change-of-control provisions?" and the AI finds them across 200 contracts you would never search manually. Catch what keyword search misses.
Prepare for meetings in seconds
Before a board meeting or investor call, ask "Summarize the key terms of the latest SPA" and get a briefing with exact citations — no junior associate needed.
AI-powered Q&A included on every plan
Ideals, Firmex, and Digify charge extra for AI features — or don't offer them at all. Peony includes AI-powered document extraction on every plan, including the free tier. No add-ons, no upsells, no waiting for an enterprise contract. Set up in under 5 minutes.
"Every now and then, you come across a product that has a massive positive impact on your business. Peony is one such product."
Panos Moutafis
Founder & CEO, Zenus
Need structured Q&A for due diligence?
Smart Q&A lets counterparties submit questions and your team approves AI-drafted answers — a formal workflow, not a chat.
Frequently asked questions
What is AI document extraction in a data room?
AI document extraction lets your team ask natural language questions across every file in the data room and get cited answers in seconds. Peony's AI Extraction reads PDFs, spreadsheets, contracts, and slide decks simultaneously — returning consolidated responses with exact page numbers. Unlike Ideals, Firmex, and Digify, which offer no AI capabilities, Peony includes AI-powered document extraction on every plan, including the free tier.
How does Peony's AI Extraction differ from Smart Q&A?
Peony's AI Extraction is your team's internal research tool — your own team members ask questions and get instant, cited answers to prepare for meetings, surface risks, or research financials. Smart Q&A is a separate, structured workflow for external counterparties: investors or buyers submit questions, AI drafts answers, and your team reviews and approves before sending. Both are included on all Peony plans.
Can AI search across multiple document types at once?
Yes. Peony's cross-file intelligence reads across every document in your data room in a single query — PDFs, Word documents, Excel spreadsheets, PowerPoint decks, and scanned files via OCR. Ask one question and get a synthesized answer that pulls from all relevant sources, with citations linking to exact pages. Legacy VDRs like Ideals and Firmex require you to open and search files one by one.
Are AI-generated answers accurate and traceable?
Peony's AI Extraction cites the exact document, page, and passage for every claim in its response. You can click through to verify the source directly. The AI only answers from documents in the data room — no external training data, no hallucinated facts. Every answer is traceable and auditable, giving deal teams confidence that the information is grounded in actual documents. All data is protected by AES-256 encryption at rest and TLS 1.3 in transit, backed by SOC 2 Type II compliance.
Is the AI aware of document permissions and access controls?
Yes. Peony's AI is permission-aware — it only returns answers from documents the user has access to. If a file is restricted to a specific group, the AI will not surface its contents in responses to unauthorized users. This is enforced at every layer, so data room security extends seamlessly into AI queries. Peony also offers controlled redaction, letting your team permanently black out sensitive information before sharing documents with counterparties. No other mid-market VDR offers permission-aware AI.
How much does AI document extraction cost in a data room?
Peony includes AI-powered document extraction on every plan at no extra cost: Free ($0, 2 GB storage), Pro ($20/admin/month, 200 GB), and Business ($40/admin/month, 1 TB). There are no AI add-ons or upsells, and no per-viewer, per-page, or per-link limits on any plan — so costs stay predictable as your deal scales. By contrast, competitors like Datasite charge enterprise-level pricing, while Ideals, Firmex, and Digify do not offer AI document extraction at all.
How fast can I set up AI document extraction?
Peony's data room is ready in under 5 minutes. Upload your documents, and AI indexes them automatically via Auto-Indexing — no manual tagging required. Once uploaded, your team can immediately start extracting insights from your documents and receiving cited answers. Legacy VDRs require days of manual setup before documents are even searchable.
What types of questions can I ask the AI?
You can ask Peony anything you would ask a colleague who has read every document. Complex multi-part questions like 'What was EBITDA for the last 3 years and how does it compare to revenue growth?' work seamlessly. The AI handles follow-up questions, comparative queries, and risk-surfacing prompts like 'Are there any change-of-control provisions across all contracts?' — tasks that would take hours of manual review.
Related features
Smart Q&A
Let counterparties submit questions and get AI-drafted answers your team reviews before sending.
AI Rooms
Set up deal rooms faster with AI-powered folder templates, missing document detection, and completeness scoring.
Auto-Indexing
Automatically classify, tag, and make every uploaded document searchable with full-text search and OCR.