A conversation between an AI pioneer and Unloq at our offices in late 2023 became the inspiration for Reccy.
During our discussion about the most practical applications of AI, we recognized that LLMs excel in processing large amounts of diverse and disconnected information, providing users with quick and actionable insights.
Thus Reccy was launched as the first fully secure and private AI environment to save time and improve performance of all those involved in the due diligence process.
Due diligence is expensive. Every transaction involves a process that both buyers and sellers must navigate, often resulting in frustration. Searching through files and folders for potentially missing information and answering repetitive questions from multiple stakeholders, while time continues to tick, can be highly inefficient.
Time is money. It is expensive taking minutes or hours to find information in a data room. It is even more expensive hunting for information that is not there. And when there are different people all looking at the same data, often asking the same questions, it needs to become more efficient.
The deal team is often disparate. Every deal has several parties involved: lawyers, accountants, financiers, investors, CEOs and entrepreneurs. Our per-room pricing means that whoever is involved in the process can be included without extra cost, regardless of which company they work for, or country they are in. Each room is unique so that you can choose who is in it, so if you have a different lawyer for a different deal, that’s fine – we can do that! Our goal is to enhance your efficiency and help you achieve better outcomes.
Security is essential. Data rooms must be fully secure. Beyond standard measures like encryption and server protections, our private AI ensures that no information is extracted from the room or inadvertently shared with other AI users, and the user management ensures that only your designated users access the room.
Mark Trudinger – an AI and enterprise technology pioneer with over five years of experience in the field. He has engineered solutions for blue-chip corporate clients such as Specsavers, VW, and ING. He has worked on a number of AI (LLM) products from early 2023 onwards and has provided all the technical work to help architect and fulfil the vision for Reccy.
Backed By Unloq – a specialist M&A buy-side firm with over 11 years experience of the M&A process, they have been able to identify all the key pain-points and challenges within the data room. Helping to scope a solution which reduces the length of the due diligence process and saves an estimated 100 hours of direct cost.
Your Reccy room is secure, and encrypted at rest. We do not train our systems on your data or pass to any insecure third-party companies. Only those authorised by you can see your documents.
Your Reccy room is secure, and encrypted at rest. We do not train our systems on your data or pass to any insecure third-party companies. Only those authorised by you can see your documents.
