Comparables.ai, an artificial intelligence platform for mergers and acquisitions intelligence, has secured US$6 million in Seed funding to accelerate its international expansion and strengthen its core AI engine. The company announced the raise on October 6, 2026, with Pragmatech and Araya Ventures leading the round. Purple Ventures, Gorilla Capital, hi5 Ventures, Somersault Ventures, and other investors also participated, reflecting growing enterprise demand across more than 30 countries.
Solving a Persistent M&A Visibility Problem
The platform was created to address a structural weakness in mid-market dealmaking, where closed networks and incomplete information historically leave buyers and advisors without full market visibility. Comparables.ai combines a dataset of over 370 million active companies with an AI-native discovery engine to map markets in minutes rather than months. It integrates private company financials, group structures, valuations, M&A transactions, and verified contacts into a single intelligence layer.
This unified approach gives corporate development teams, private equity firms, M&A advisors, and investment banks access to origination coverage that was once limited to top-tier banks. Users can describe a market and receive relevant companies, financials, ownership structures, and decision makers. The platform is already used by more than 50,000 professionals, and a Big Four advisory firm is expanding its deployment to more than 10 countries.
Founding Team With Deep Sector Expertise
Comparables.ai was co-founded by Niko Nalli, Markus Vesala, and Martin Kangasniemi, who bring direct experience in M&A advisory and financial markets. Their shared conviction is that information asymmetry in mid-market dealmaking is a solvable technology problem. Co-founder and CTO Muhammad Ammad-ud-din holds a Ph.D. from Aalto University's Department of Computer Science and completed postdoctoral research at the University of Helsinki, with peer-reviewed work in journals including Nature Biotechnology.
At Comparables.ai, the technical team turns fragmented data from multiple markets and jurisdictions into a unified intelligence layer for private companies worldwide. Co-founder Martin Kangasniemi said that mid-market M&A has always been a visibility problem, and the platform was built to give any deal team the asymmetric advantage of a global bank. This vision addresses a practical need, as deal teams increasingly take early market discovery into their own hands before engaging external advisors.
Investor Confidence and Market Momentum
Investors backing the round pointed to the company's strong customer base, measurable product value, and deep M&A expertise as key reasons for their conviction. Rupa Popat, Founder and Managing Partner of Araya Ventures, said the firm is excited to back a team that is supercharging dealmaking with transparency, data, and true market visibility. Artem Yaremchuk, General Partner at Pragmatech Venture Capital, said the platform's AI-native approach is disrupting a market still dominated by legacy, filter-based tools.
Pragmatech also highlighted evidence that the product delivers real value in customers' day-to-day work, alongside a consistent and growing client base that includes Big Four firms. The investor added that Comparables.ai has a clear competitive advantage and could become a category leader in M&A intelligence. With the new capital, the company plans to support multi-market rollouts and deepen its core AI engine for enterprise adoption.
Comparables.ai's Seed funding round arrives as enterprise adoption accelerates and deal teams seek faster, data-driven ways to identify opportunities in private and public markets. By unifying company data, financials, ownership structures, and verified contacts, the platform lowers the barriers that have traditionally favored top-tier advisory networks. The company, headquartered in Helsinki, Finland, is positioned to extend its global footprint and shape how mid-market M&A origination is conducted.