Datasite, a global SaaS provider of AI-powered workflow solutions for M&A, announced it acquired Blueflame AI, a provider of agentic AI solutions for investment and finance. The terms were undisclosed.
This deal follows CapVest Partners’ pledge to invest $500 million to expand Datasite’s intelligence solutions. Blueflame, founded in 2023 by Raj Bakhru and Henry Lindemann, provides a comprehensive, language model-agnostic platform that streamlines investment workflows by integrating data sources for deal sourcing, due diligence, market research, and fundraising.
Blueflame will join Datasite’s Intelligence Unit, led by Bakhru, with continued investment support.
Advisors/counsel/support: Datasite was advised by William Blair (M&A), Willkie Farr & Gallagher LLP (legal), KPMG (tax), West Monroe (technology), Lockton (insurance). Blueflame was advised by Gibson Dunn & Crutcher LLP (legal).
KEY QUOTES:
“This acquisition continues Datasite’s mission to improve the velocity and outcomes of our clients’ projects. Blueflame’s agentic Al solutions will expand the collective capacity of our user base, automating complex workflows and enabling full scope analysis. Agentic Al solutions require quality underlying content combined with secure data permissioning. Combining Datasite, Grata and Blueflame’s resources will create a unique offering.”
Rusty Wiley, CEO and President of Datasite
“Datasite and Grata have unique data to feed into Blueflame’s purpose-built agentic Al solution. We’re excited to transform dealmakers’ ability to surface what matters and automate the repeatable to help get more deals done, faster, and better.”
Raj Bakhru, CEO and Co-Founder of Blueflame
“The ability to consolidate and interrogate all internal and external datasets with a secure, single point solution is extremely powerful. The processes around deal sourcing, research, diligence and investment analysis are being transformed. Workflows that are currently measured in weeks will soon be measured in minutes.”
Andrew Bocskocsky, Co-Founder of Grata
