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AKAXA
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AKAXA
Product Security Company
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INVESTMENT INTELLIGENCE FOR PRIVATE EQUITY

From raw data room to defensible conviction.

AKAXA turns deal-room material into a sourced diligence scan, an IC memo, and a working LBO model — sourced numbers and conclusions show the original file and page, and anything we couldn't source is separated out as needs verification.

In live deal work, speed only matters when the output can be traced, challenged, and sent with control.

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Sourced
claims show the original file and page
Flagged
not hidden — unsourced items are labeled needs verification
10
workstreams in the diligence framework

From scattered deal work to governed conviction.

Illustrative product walkthrough with a sample deal — not a real client engagement or output.

Every live deal, its score, and its decision state in one view.

app.akaxa.io
AKAXA PE Edition
Pipeline
Dashboard
Deal pipeline
Diligence
Comp table
LBO model
Diligence
KK Kyle Kwon
Good morning.
12 active deals · 3 in due diligence
+ New analysis
Active deals
12
In due diligence
3
Completed
6
Avg score
71.3
Recent analyses
View all →
Company
Score
Decision
Status
Meridian Software Group
72.4
Conditional GO
complete
Northgate Logistics Co.
76.1
GO
complete
Halcyon Health Platforms
63.8
Conditional GO
complete
Arcline Industrial Systems
—
Screening
running
Beacon Consumer Brands
66.2
Conditional GO
complete
Crestline Data Systems
77.8
GO
complete
Sable Energy Partners
—
Screening
running
Analysis / LBO model
LBO model · Meridian Software Group
Save scenario Export → XLSX
Assumptions
v3
Entry EV
$1,200.0M
Leverage (x EBITDA)
4.5x
Exit year
Year 5
Exit multiple (EV/EBITDA)
9.0x
IRR · Base
18.4%
MOIC
2.3x
Operating model · Year 1 → Year 5
$M · USD · illustrative
Line
FY25E
FY26E
FY27E
FY28E
Revenue
842.0
963.2
1,101.9
1,260.6
growth %
12.0%
14.4%
14.4%
14.4%
Gross profit
631.5
722.4
826.4
945.5
EBITDA
168.4
202.3
242.4
289.9
Capex
(25.3)
(28.9)
(33.1)
(37.8)
FCF
(48.2)
(12.6)
34.9
88.1
Analysis / Meridian Software Group — Diligence scan
Diligence scan · PE
Meridian Software Group
Vertical SaaS · Run v3 · Jul 06, 2026
Devil's Advocate Share
PDFMemo WordEditable ExcelLBO Pack Readiness: PASS
LTM Revenue
$312.4M
trailing 12M
LTM EBITDA source-linked
$86.1M
27.6% margin
EV / Revenue
8.2x
primary buyout
Net Debt / EBITDA
2.4x
post-close estimate
Evidence · 3 pinned
HIGH · RISK
Top-10 customer concentration unresolved in public filings — customer schedule requested.
source-linked
SUMMARY
Partner-grade summary drafted from filings and expert calls.
source-linked
LTM EBITDA · $86.1M source-linked
Memo Evidence Facts Risks Devil's Advocate
Devil's Advocate · Stress test
If every critical and high risk lands, what does this deal look like?
Same data, skeptical priors — examine the strongest contrarian view before IC does.
0 critical 8 high 24 open questions
High
Integration pace — two platform acquisitions absorbed in a single fiscal year; duplicative roles not yet quantified.
High
Vendor concentration — core infrastructure providers are not disclosed across public sources.
The moat · one spine
Product frames withdrawn 2026-08-24 pending re-capture · no screenshot is shown rather than one we cannot certify
Sourced, not guessed

Sourced numbers arrive with the document behind them.

Filings, decks, and expert calls become one evidence layer — sourced figures carry the page and line they came from, and what could not be sourced is labelled rather than dropped. The analysis can be challenged, not just believed.

In the room

Walk into IC with the memo already defensible.

The figure in the memo came from the model, which came from the filing — one object, traceable to the line. “Where did this come from?” is one click.

Any question

Ask the data room anything — with its source.

Not a confident guess. A cited answer, scoped to exactly what you’re cleared to see. Query-level barrier enforcement is built and runs in shadow, so a firm can verify it against its own wall before switching it on.

Underwriting survives signing

The thesis you bought becomes the thing you measure.

Entry case, covenants, and value-creation plan carry into monitoring — so operating reality is checked against what IC actually approved, not a fresh spreadsheet.

No drift

The number you underwrote is the number the LP sees.

Underwriting, monitoring, and the quarterly letter all derive from one ledger. They are derived from the same ledger rather than maintained as separate numbers.

AI analysis that survives the partner's red pen.

01 Ingest

Drop the data room. Filings, decks, expert calls — parsed into one evidence layer, with a coordinate on each fact we could source.

02 Analyze

Screening score, diligence workstreams, LBO, comps — a diligence scan and a working model, each claim linked to its evidence or flagged needs verification.

03 Challenge

Devil's Advocate re-reads the same evidence with skeptical priors, before IC does.

04 Deliver

IC memo, editable Word, working Excel — exports carry their classification and their sources. Per-recipient redaction is built and runs in shadow, off by default until a firm turns it on.

Security

Security for the most sensitive data in private markets

Built for deal data, financials, and LP information. Security controls are being prepared for institutional diligence.

Tamper-evident audit trail

Analysis and access events, sealed beneath the page.

Analysis, provisioning, sync and agent events are written to a SHA-256 hash-chained record, sealed to the entry before it. It is not a blanket record of every read of personal data, and is not claimed as one. Designed for IC, LP, and regulatory review; no external party has assessed it.

Any alteration breaks the chain.

SHA-256 · Chained · Verifiable on demand
Record of custodyA
Sealed entry to entryChain intact from origin
Illustrative entries · synthetic, not a customer record
SEALED
Lift the page

No training on your data

AKAXA does not train models on your data. The AI providers we call are engaged under their published commercial API terms, which state that content submitted through those APIs is not used to train their models; we rely on those terms and have not independently audited them. We have not negotiated separate zero-retention terms, and we do not present one as being in force.

Encrypted, isolated storage

Customer data lives in private, access-scoped storage, reachable only through an authenticated, tenant-scoped request.

Transparent sub-processors

The sub-processors we use are named on our security page, with the purpose of each and the training position in its own published terms.

Hong Kong PDPO

AKAXA is a Hong Kong data user under the Personal Data (Privacy) Ordinance (Cap. 486). Personal data is not used for direct marketing where the applicable law requires consent and we do not hold it.

Privacy, by jurisdiction

GDPR, UK GDPR, and CCPA/CPRA rights supported for data subjects in those jurisdictions. A Data Processing Agreement is offered as a template; none has been executed. Where a local law grants a stronger right, we apply the stronger right.

EncryptionTLS 1.2+ in transit; at rest by our infrastructure providers with AES-256 or equivalent.
HardeningHardened security headers and encrypted secrets. A responsible-disclosure contact is security@akaxa.io; a formal published programme is on the roadmap.
RoadmapSOC 2 Type II · ISO 27001.

Discipline you can count.

typed contracts every module must import
13
sections in the example diligence scan
29
unsourced items in a final export — separated as needs verification rather than presented as fact
Disclosed

One spine behind every artifact.

FAQ

An investment-intelligence layer for private equity. AKAXA turns raw deal-room material into a sourced diligence scan, an IC memo, and a working LBO model — sourced conclusions show the original file and page; anything we couldn't source is separated out as needs verification, not presented as fact.

A general assistant generates text. AKAXA governs it. Thirteen typed contracts sit under the modules — some enforcing today, some built and running in shadow until a firm switches them on — permission barriers, provenance coordinates, a chained audit trail, and export gates that fail closed. The output isn't just good; it's defensible.

Private equity deal teams — from the analyst assembling the data room to the partner presenting at IC.

No. It removes the reconstruction work so analysts spend judgment where it matters, instead of rebuilding logic by hand.

Not yet. AKAXA is built for confidential, partner-facing work, but it will not request or accept confidential firm or deal materials until the data boundary, agreement, security review, and operating environment have been agreed. Evaluations today run on synthetic or public material.

A diligence scan built on a ten-workstream framework — each run covers the workstreams the material supports and discloses the rest — an IC memo, and a working LBO model in Excel, plus a named list of everything it could not verify. AKAXA is designed to keep source references, evidence gaps, and verification status visible for human review.

AKAXA ships the work with an honest gap disclosure instead of guessing. Source-backed, derived, and gap are three visibly different states, so a reviewer can see which is which. Material claims are designed to retain supporting source references where available, while unsupported items are identified for further verification.

A deterministic precedence decides, the superseded figure stays visible, and an equal-tier conflict escalates to a human. No silent auto-pick by design.

Several spine contracts — permission enforcement, per-recipient redaction, zero-entry capture, scheduled detectors — are built and tested but ship behind a flag. We’d rather show you the flag than tell you it’s on. Ask us in the demo and we’ll walk you through exactly what runs today.

Hong Kong skyline at sunset from Victoria Peak

Bring more certainty to the work that reaches IC.

Move faster without losing the source discipline, reviewability, and control that partner-facing work demands.

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AKAXA

Investment intelligence for private equity.

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