DiligentIQ, the leading provider of AI-powered due diligence solutions for private markets, today announced it is changing its name to ToltIQ, effective immediately. The new name reflects the company’s strategic positioning within the private markets due diligence landscape and distinctively captures what sets the company apart: the ability to rapidly surface insight from thousands of complex documents with extraordinary speed, stability, and ease. In an industry where time is everything, ToltIQ delivers a smoother, smarter, and more confident path from due diligence to decision-making.

ToltIQ has successfully completed a System and Organization Controls (SOC) 2 Type II audit with no exceptions noted. SOC 2 Type II compliance is an important industry benchmark and strengthens ToltIQ's position as the preferred due diligence solution for private markets investors with stringent security requirements. 

DiligentIQ, the leading AI-powered platform for conducting private equity due diligence, has raised up to $12 million in a two-tranche Series A funding round led by FINTOP Capital and partner JAM FINTOP. The investment will be used to scale DiligentIQ’s team and operations as it expands its presence in private markets. It will also accelerate product innovation, expand integrations, and scale go-to-market efforts.

Investcorp, a leading alternative investment firm, today announced a strategic partnership with DiligentIQ, a rapidly growing generative AI-driven platform to transform and streamline private equity due diligence. Investcorp’s Strategic Capital Group (“ISCG”) is actively utilizing DiligentIQ to enhance its capabilities and support its portfolio of general partners (GPs) in piloting, implementing, and leveraging the power of artificial intelligence for their private markets due diligence processes. The companies aim to expand the partnership over time.

ToltIQ has appointed five distinguished professionals to its Advisory Board to enhance its strategic capabilities in generative AI for private equity and alternative investments. The new members bring extensive experience from leading firms, including Asurion, PwC, and KKR, and will contribute valuable insights to drive innovation and business success. This expansion underscores ToltIQ's commitment to leveraging top-tier expertise for client satisfaction.