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 without enterprise pricing
Ideals, Firmex, and Digify charge extra for AI features — or don't offer them at all. Peony includes AI Extraction on the Business plan at $40/admin/month — no six-figure contracts, no per-query fees. 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
I'm a buy-side analyst running diligence on an $85M platform acquisition with a 200-page CIM — can I just ask the AI questions instead of reading the whole thing?
Yes. On Peony Business ($40/admin/month), you upload the 200-page CIM and ask questions like 'What is the revenue concentration by top 5 customers?' or 'Are there any change-of-control provisions in the key customer contracts?' AI Extraction reads every page, synthesizes an answer, and cites the exact document, page, and passage. For your $85M acquisition, you build a clause matrix in minutes instead of days — and every finding links back to the source so your principal can verify before the management meeting. Ideals, Firmex, and Digify have no AI extraction capability at all.
Our PE fund is doing diligence on a $140M add-on acquisition — how is AI Extraction different from Smart Q&A?
AI Extraction is your internal research tool — your associates ask questions across documents and get instant, cited answers to prepare for management presentations or surface risks. Smart Q&A is for external, structured communication — your target's management team or buyer counsel submits questions, AI drafts answers, and your team approves before anything goes out. For your $140M add-on, your associates use AI Extraction to build the clause matrix and diligence memo; the target's counsel uses Smart Q&A to answer your follow-up questions. Both are on Business ($40/admin/month).
I'm a VC associate and it's 11 PM — our IC meeting on a $50M Series B is at 8 AM tomorrow. Can AI Extraction help me prepare overnight?
Yes. Upload the company's data room to Peony Business ($40/admin/month) and ask questions like 'Summarize the unit economics trend over the last 8 quarters' or 'Do any investor side letters conflict with the Series B terms?' AI Extraction reads every document — financials, contracts, cap table, side letters — and returns cited answers in seconds. For your $50M IC prep, you can build a diligence summary in an hour instead of pulling an all-nighter manually reading 300 pages. Your partner sees cited findings linked to exact pages, not your summary from memory at midnight.
We're bidding on a $250M carve-out and the data room has 400 contracts — how do I find all the change-of-control clauses without reading every one?
On Peony Business ($40/admin/month), ask AI Extraction 'Which contracts contain change-of-control or assignment restrictions?' and it reads all 400 contracts simultaneously, returning a consolidated answer citing the exact document, page, and clause for every match. For your $250M carve-out, this builds a complete clause matrix in minutes. Your team can then ask follow-up questions: 'Which of those contracts require counterparty consent for the change of control?' The AI handles comparative queries across the full document set — something that would take your associates a week of manual review. Ideals and Firmex require you to open contracts one by one.
I'm reviewing a $60M target and I'm worried about AI hallucinating answers during diligence — how accurate is this really?
Peony's AI Extraction only answers from documents in your data room — no external training data, no hallucinated facts. Every claim cites the exact document, page, and passage, so when you ask 'Are there any material adverse change clauses in the SPA?' the answer links directly to the relevant section. You click through and verify yourself. For your $60M target, every finding on indemnification baskets, IP assignments, or NDA carve-outs is traceable and auditable. The AI does not guess — if the answer is not in your documents, it says so. This citation-first approach is why deal teams trust it for live diligence, not just research.
Our PE fund has a $175M portfolio with 6 companies — can AI Extraction compare financial metrics across all of them at once?
Yes. On Business ($40/admin/month), upload the financial statements, management accounts, and QoE reports for all 6 portfolio companies into separate folders within your data room. Then ask questions like 'Compare EBITDA margins across all 6 companies for the last 3 years' or 'Which portfolio companies have revenue concentration above 20% with a single customer?' AI Extraction reads across all documents simultaneously and returns a synthesized comparison with citations. For your $175M portfolio, this replaces the manual spreadsheet reconciliation your associates spend days building before quarterly board meetings.
Our boutique advisory runs 3 concurrent mandates in the $30M-$100M range — how much does AI Extraction cost versus Datasite?
Peony Business is $40/admin/month with AI Extraction, Smart Q&A, AI Rooms, auto-indexing, screenshot protection, and unlimited data rooms included. For your 3 concurrent mandates, a 4-person team pays $160/month — $1,920/year. Datasite charges $25,000+ per deal with no AI extraction at any price, meaning your 3 mandates would cost $75,000+ per year. Ideals, Firmex, and Digify also have no AI document extraction. For your $30M-$100M deal pipeline, Peony delivers a capability none of your legacy alternatives can match — at 97% less cost.
I'm a founder raising a $35M Series A and investors are going to ask tough questions about my contracts and financials — can AI help me anticipate what they'll ask?
Yes. On Peony Business ($40/admin/month), upload your data room documents and ask AI Extraction questions your investors are likely to raise: 'Do any customer contracts have termination-for-convenience clauses?' or 'What are the vesting schedules for the founding team?' or 'Are there any side letter provisions that conflict with the new round terms?' For your $35M raise, this lets you identify and address red flags before your lead investor's counsel finds them — turning potential deal-breakers into prepared answers. You can also use Smart Q&A so investors submit diligence questions directly and AI drafts responses for your team to approve.
Related features
Smart Q&A
Let counterparties submit questions and get AI-drafted answers your team reviews before sending.
AI Rooms
Set up data 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.