AI-native virtual data room · raises, licensing, M&A

The data room that never takes your files.

Documents stay in your own storage. Each investor or partner runs its own AI review in a sealed EU machine both sides approve, every finding cited to the page. When the deal closes, the room vanishes.

Apply for the pilot See how it works

Microsoft Azure confidential computing · EU processing · Two-factor sign-in for everyone · Files read on demand to volatile memory · Documents never copied to disk · Signed deletion at close · Pilot: USD 650 (EUR 590) per project

Investor or acquirer? Apply for a due-diligence pilot →

What the room is doing now

Analysis round 1212 / 363 documents

About 1 h 20 min left · ready around 11:40

Both sides signed the security summary
Documents read on demand, never copied
Questions to the seller after round 1

Illustration of the live progress panel

Why it is built this way

Due diligence without handing over your files

1

Files stay in the seller's own storage

No uploads to a vendor. The room reads on demand Google Drive, Microsoft, Dropbox read-only, and only when a document is needed.

2

Buyers bring their own AI and can utilize their own training data

Use the sealed in-room model or connect your own model account, with your own checklists, prompts and training sets. Your detailed settings and training sets stay confidential to you: the seller, other bidders and BSUM never see them.

3

Volatile by design

Security first. Each room runs on its own Microsoft Azure confidential virtual machine, where the processor encrypts memory. Before any document is read, the machine proves it runs the approved code, and only then does Azure Key Vault release the room key. Documents are processed in volatile memory only and never written to disk. The room's own records (settings, Q&A, reports) are kept as an encrypted recovery save that only that attested machine can open, so a restart resumes where it stopped. At close, data, recovery save and keys are destroyed and both sides get a signed deletion receipt.

4

The seller decides who reads

Per folder and per buyer: AI analysis only, so no person on the buyer side opens the file; AI plus named reviewers in a watermarked viewer; or the old way, human read only enabled, with AI switched off for that folder. No downloads, printing or copying, and every reviewer signs in with two-factor authentication.

Built for confidential deals

Raising money

Companies preparing an equity round. See your data room the way investors will, before they do.

Licensing and partnering

Partners reviewing a technology, product or asset. IP, contracts and regulatory status checked with page citations.

M&A and exits

Acquirers and sellers running a confidential process with several bidders, each in its own private review space.

Industry-aware analysis for life science, software and IT, energy, manufacturing, financial services and real estate, and a general profile for every other industry.

Built AI-first, not AI added on top

Classic data rooms were built to store and share files; AI features came later, on top. Haihtuva starts from the analysis: a sealed, verified machine reads the documents where they already are, and keeps nothing at close. Our processing method is the subject of a patent application. Side by side, without naming any vendor:

Classic data roomHaihtuva
Where documents liveUploaded as copies to the vendor's storageStay in the seller's own storage, read on demand, read-only
Who runs the AIThe vendor's AI features, if anyEach buyer selects and runs its own AI in a private review space
Who can read a documentPeople with view rightsThe seller chooses per folder or file: AI only, AI plus named reviewers, or people only with AI switched off
Buyer's own AI and dataWhere offered, outside AI assistants are connected to the vendor's copiesConnect your own model account, approved by both sides in the security summary; add your own checklists and research
Where it runsThe vendor's shared cloud serviceA dedicated Microsoft Azure confidential virtual machine per room, in the EU, with encrypted memory
Before anything is readAccess rights are setThe machine is verified and both sides sign its security summary
FindingsWritten by reviewers; AI summaries in some productsEvery AI finding cites the document and page
Seller preparationManual checklistsReadiness check: gaps, likely questions and drafts before buyers arrive
At closeArchive and exportData and keys deleted; both sides get a signed deletion receipt

Three steps, then it runs by itself

Each side sets up its part, both sign one page, and the analysis, questions and reports follow on autopilot. You get a notice when something needs you.

  1. Step 1

    Set up

    The seller links its own folders, read-only. The buyer names the company, chooses the deal type and its AI model, and decides how much runs by itself.

  2. Step 2

    Both sides approve

    One security summary shows the machine, the model, the region and the output rules. Seller and buyer sign it. Nothing is read before both have.

  3. Step 3

    It runs by itself

    Document review, automated Q&A, questions and document requests to the seller, a second round and the reports. Follow it live, with time left for every step.

Seller journey

See your data room the way a buyer will, before they do

  1. 1
    Prepare. Data room structure, the missing documents for your kind of deal, and the questions buyers are likely to ask, each checked against your own files.
  2. 2
    Analyse in depth. A full risk analysis document by document, with the highest-impact risks on top and a decision on each one.
  3. 3
    Fix the gaps. Draft missing documents from your own files, prepare answers, and hand your lawyers one Excel tracker.
  4. 4
    Open the room. Invite buyers, decide who sees which folder, and answer their questions with drafts prepared from your files.

Your preparation stays on your side: buyers never see drafts, scores or simulations.

Buyer journey

From first look to a decision, with every finding cited

  1. 1
    Outside-in first. The company's website and official public sources, compared with what the data room says.
  2. 2
    Round 1. Every document reviewed with its risks, quotes and page references, grouped by area and by folder.
  3. 3
    Ask what matters. Questions and document requests go to the seller High priority first, so a no-go shows early.
  4. 4
    Reports. Due diligence report, findings and follow-ups as Word and Excel, saved to your own folder if you wish.

Your review space is private: other bidders never see your questions, settings or reports.

Built so the documents stay with their owner

The technical set-up of every room is recorded in a security summary that both sides sign. Trust & compliance · Cloud security self-assessment · Security Specification

Sealed machine

An Azure confidential virtual machine in the EU, with encrypted memory and a key released only to the verified machine.

Read, never copied

Files stay in the seller's own storage and are read on demand. Pages are watermarked and every view is logged.

Operator without access

BSUM staff get no application access, credentials or keys to read your documents. BSUM receives only technical health data such as uptime and errors, never document content.

Nothing kept at close

When the room closes it deletes its data and keys, and both sides receive a signed destruction receipt.

Everything you expect from a data room

Haihtuva does the work of a virtual data room, then adds the AI review and the security model above.

  • ✓ Numbered folder index and document numbering
  • ✓ Access per folder and per buyer, changeable any time
  • ✓ Watermarked viewer with named reviewers, no download or print
  • ✓ Activity: which documents each organisation opened
  • ✓ Q&A and document requests with workflow
  • ✓ Several bidders, each in a private space
  • ✓ Two-factor sign-in (2FA) for every user
  • ✓ Reports and trackers exported to your own storage
  • ✓ Closing with a signed deletion receipt

Pay per project, not per seat

Every project has one modest base fee, the project licence, with an AI allowance included. Heavy AI work beyond the allowance is added with credit packs when you need it. Your whole team is included. The pilot costs USD 650 (EUR 590) per project.

Base fee

Project licence

One project = the seller side of one data room, or one buyer's due diligence.

  • Your confidential room and team accounts
  • Security controls, viewing, Q&A and reports
  • AI allowance for the analysis

When you need more

AI credit packs

Large data rooms, extra analysis rounds or bulk drafting use more AI. Add a pack any time from your project's Usage page.

  • Small, medium and large packs
  • Credits stay with the project that bought them
  • Reading, viewing and single questions never stop

Seller add-on

Deep analysis

Every document reviewed the way a buyer will, before buyers arrive. Includes its own AI credits.

  • Whole data room risks, highest impact first
  • Deal-breaker screening
  • Questions per document with draft answers

Prices in EUR, USD and GBP exclude VAT or sales tax. Payment by card on Stripe.

Questions about virtual data rooms and AI due diligence

What is a virtual data room (VDR)?

A virtual data room is a secure online space where a company shares confidential documents with investors, acquirers or licensing partners during due diligence. Classic VDRs store copies of the documents and control who can view them. Haihtuva works differently: the seller's documents stay in its own storage (Google Drive, Microsoft OneDrive or SharePoint, Dropbox) and are read on demand, read-only.

How is Haihtuva different from a traditional VDR?

Haihtuva is built AI-first rather than adding AI to a file-sharing product. Each buyer runs its own AI due diligence on the shared documents inside a sealed Azure confidential virtual machine in the EU. Documents are processed in encrypted memory and are not copied to disk, and when the room closes its data and keys are deleted.

What is AI due diligence?

AI due diligence uses language models to read the documents of a deal, find risks with page-level citations, answer questions from the data room and draft reports. In Haihtuva every finding cites the document and page it comes from, so people can check it. AI output is a draft to verify; it is not legal, financial or investment advice.

Can a seller prepare its data room before buyers see it?

Yes. In Readiness the seller links its storage and sees its data room the way a buyer will: a tailored checklist, missing documents, likely buyer questions and drafts of missing documents from its own files. Buyers never see the seller's preparation.

Who sees the documents and the analysis?

Each buyer works in a private lane: other bidders never see its questions, settings or reports. The seller sees which documents each organisation opened, not per-person timings. The operator, BSUM, has no application access to the documents and receives only technical health data, never document content.

Which deals is Haihtuva built for?

Equity investments, licensing and partnering, and M&A in any industry. The analysis has industry profiles for life science, software and IT, energy, manufacturing, financial services and real estate, and a general profile for everything else.

Can I adjust the prompts and AI settings?

Yes. Each buyer chooses its AI model (the sealed in-room model or its own model account), edits the instructions the AI follows for every step, chooses the report sections and how much runs by itself, and adds its own checklists, question lists and training material. These settings stay confidential in the buyer's private review space: the seller, other bidders and BSUM never see them. A change of model or provider is approved by both sides in the room's security summary before it is used.

Is my data used to train AI models?

No. BSUM does not use room content, questions or results to train AI models, and configures the model providers it selects not to do so. The approved model and its settings are listed in each room's Security Specification.

Do you have SOC 2 or ISO 27001?

Not yet. A SOC 2 readiness programme has been initiated; an independent audit has not yet been performed. Our security overview and the Security Specification of each room describe the controls in place today.

Which storage can I connect?

Google Drive, Microsoft OneDrive and SharePoint, Dropbox and Box, read-only; files stay where they are. If your organisation does not approve a storage connection, you can upload files, folders or a zip instead: they are kept in the room's encrypted memory only.

Which file types can it read?

PDF (including scans, read with OCR in about 40 languages), Word (.docx and .doc), Excel (.xlsx and .xls, with cell references and arithmetic checks), PowerPoint (.pptx and .ppt), OpenDocument, RTF, text, images, and video and audio: speech is transcribed inside the room by an open model installed with it, and on-screen text is read from the frames. Nothing is sent to an outside transcription service.

Which AI models can I use?

Models provided by BSUM, with no account of your own: the sealed open model and premium models hosted on BSUM's Microsoft Azure (for example GPT-5.5, Claude and DeepSeek). Each room's security summary names the model, its host and region before both sides approve. Claude models are processed in the United States, and the summary says so. Or connect your organisation's own approved model account.

What happens if the room restarts?

Recovery saves are on by default: the room's own records (settings, users, Q&A, reports, audit trail) are saved as an encrypted copy that only the room's attested machine can open, so a restart resumes where it stopped. Documents are never in it: they are read again from your storage. Storage sign-ins and your own AI keys are never saved. The seller admin can switch recovery saves off; both sides see the setting.

What does the pilot cost?

USD 650 (EUR 590) per project, excluding VAT, paid by card on Stripe when you accept your invitation. It includes the project licence with its AI allowance.

What does it cost after the pilot?

Each project has a modest base fee (the project licence) that includes an AI allowance; heavy AI work beyond it is added with credit packs, and Deep analysis is a seller add-on. Prices are confirmed in writing before anything is billed.

Where is the data processed?

On Microsoft Azure confidential virtual machines in the EU. The approved AI model, region, retention and logging settings of each room are recorded in its Security Specification, which both sides approve before any document is read. When a room uses a model processed outside the EU (Claude models run in the United States), the specification says so. For models hosted on Microsoft Azure, Microsoft's abuse monitoring for Azure AI services applies under Azure's terms unless Microsoft has approved an exemption; the specification states which applies.

What a virtual data room is · AI due diligence · Preparing a data room · Life-science due diligence checklist

Preparing a raise, a licensing deal or an exit?

We are opening Haihtuva to a small number of pilot companies and investors. Apply with a short description of your deal and timeline, and a non-confidential deck if you have one. We choose the pilots and send each one a personal invitation. The pilot costs USD 650 (EUR 590) per project, excluding VAT, paid by card on Stripe when you accept the invitation.

Apply for the pilotBook a 30-minute call

Created by BSUM

Haihtuva is designed, built and run by BSUM (Biotech Start-Up Management Oy), Finland, the creator of the platform and of its sealed-machine processing method. Patent application filed in Finland (2026).
Built on Microsoft AzureAzure confidential virtual machines, Azure Key Vault and attestation, in EU regions. Two-factor sign-in for every user. Your content is never used to train AI models.
Security programmeSOC 2 readiness programme initiated; independent audit not yet performed. HIPAA readiness programme initiated; de-identified data only. Listed on the CSA STAR Registry (Level 1, self-assessment). Trust & complianceCloud security self-assessment