Datasite, a global leader in AI-driven workflow collaboration and automation for M&A, investments, and strategic projects, has acquired Blueflame AI, an innovative provider of agentic AI solutions designed specifically for the investment and financial services industry. While the financial terms remain undisclosed, the move underscores Datasite’s commitment to revolutionizing how dealmakers operate in an increasingly data-driven world.
By acquiring Blueflame AI, Datasite takes a significant leap forward in reshaping dealmaking. Leveraging agentic AI technology, the company aims to automate complex workflows, surface actionable insights, and deliver speed at scale. Rusty Wiley, CEO and President of Datasite, highlighted that this acquisition is a key step in advancing the company’s mission to speed up projects and deliver better results for their clients. He highlighted that Blueflame’s AI solutions will amplify user capacity, streamline intricate processes, and provide comprehensive analysis—powered by secure data permissioning and quality content.
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Furthermore, Wiley noted that integrating Datasite, Grata, and Blueflame’s capabilities will create a one-of-a-kind offering in the market. Blueflame AI’s Co-Founder and CEO, Raj Bakhru, echoed this sentiment, expressing excitement about transforming dealmakers’ ability to quickly identify critical information and automate repetitive tasks, ultimately closing more deals with greater efficiency.
This strategic acquisition comes on the heels of a substantial $500 million investment commitment from CapVest Partners LLP, Datasite’s controlling shareholder. The funds will be used for both organic growth and acquisitions, further enhancing Datasite’s suite of intelligence solutions.
Andrew Bocskocsky, Co-Founder of Grata, described the combined strength of these platforms as truly transformative, enabling organizations to securely bring together and analyze both internal and external data—all within a single, seamless solution. According to him, workflows that once took weeks could soon be completed in minutes, dramatically changing processes in deal sourcing, research, due diligence, and investment analysis.
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Founded in 2023 by Raj Bakhru and Henry Lindemann, Blueflame AI’s platform is AI-native, large language model-agnostic, and deeply rooted in financial domain expertise. It connects secure data from internal systems, virtual data rooms, proprietary databases, and public sources, streamlining fragmented processes in dealmaking, market research, and fundraising.
Moving forward, Blueflame will operate under Datasite’s Intelligence Unit, with Bakhru continuing to lead the team. Both companies remain committed to ongoing innovation and investment to push the boundaries of AI-powered dealmaking.
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