- Significant efficiency gains when handling large and complex data volumes
- AI Assistant answers questions about documents in real time
- No compliance or data security concerns thanks to data storage in Europe and in-house development
- The only provider with a multilingual AI Assistant: Software can be used in the respective native language to reduce language barriers in cross-border deals
Frankfurt am Main, 7 March 2025 – The due diligence platform Drooms is expanding its AI portfolio with the Drooms AI Assistant, for faster, more efficient and smooth transactions. The in-house programmed AI Assistant uses semantic search and large language models to analyse due diligence documents such as contract data in seconds. It answers user queries for information searches, summaries and explanations. Users can ask the artificial intelligence questions about several documents in their native language, irrespective of the documents’ language, and receive the desired information in real time.
Thanks to the AI Assistant, the manual effort involved in large-volume transactions will be reduced by up to 50 per cent. The AI Assistant can analyse documents, explain technical jargon and summarise texts. The content found is prepared and explained in a user-friendly way. This means that the AI Assistant can also instantly answer more complex queries, such as risk analyses of contract documents, saving users a time-consuming manual search.
The AI Assistant complements Drooms’ innovative AI portfolio, which already includes automated document sorting, naming, redaction and translation.
“Our customers have explicitly asked for help to further reduce the manual workload when processing large amounts of data. We met this demand and are the only platform with an AI offering of this quality and scope. The AI Assistant is the best co-pilot for transaction participants, especially since today, transactions are more complex and time-consuming than ever before. Due diligence involves ever larger data sets – according to our platform data, the average data size of a transaction increased by 20 per cent between 2023 and 2024. Transactions are taking longer and longer, and at the same time, competition for worthwhile investments remains high. Our development is precise, data-driven and fully customised to the needs of our users. It can therefore deliver the decisive time advantage,” explains Alexandre Grellier, Co-Founder and CEO of Drooms.
The AI Assistant has been specially trained with internal expertise on real asset transactions to ensure a high level of response accuracy and quality. To ensure that its output is comprehensible and transparent, the AI Assistant references the relevant text sources of the document for the respective answers, allowing users to easily validate these references. The risk of the AI Assistant “hallucinating” is therefore virtually excluded.
Data security thanks to servers in Germany and Switzerland
“With the AI Assistant, we provide the opportunity to significantly reduce the manual workload during transactions. As we developed the software 100 per cent in-house, our customers do not have to compromise on compliance or data security,” adds Alexandre Grellier.
The AI Assistant is integrated into the secure Drooms platform, therefore fulfilling the highest security and compliance standards and compatible with current regulations in Germany, Switzerland and the EU. With own servers in Germany, there’s no need to rely on external third-party providers when processing user requests, and data leaks outside of Europe are prevented. Live customer data is not used to train the AI Assistant, unlike public platforms like ChatGPT.
The AI Assistant will be available for Drooms users starting March 10th 2025. The functional scope of the AI Assistant and the entire Drooms AI portfolio is being continuously expanded.
