Herix Inc. is pleased to announce that it has entered into a strategic capital and business alliance with NYC Corporation to promote the use of AI in the early stages of M&A and startup investment.
Herix develops and operates tools to streamline due diligence using generative AI ( see here for services), and through this partnership, based on NYC’s investment knowledge, aims to streamline and enhance the initial consideration and screening of M&A candidates for buyer business companies. This will dramatically improve the accuracy and speed of decision-making in M&A and investment.
NYC has strengths in investing in and supporting business companies, and has investment and management know-how in a variety of industries. Through its partnership with Helix, NYC aims to qualitatively transform the entire investment consideration process by improving the accuracy and speed of judgments at the screening stage.
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In recent years, while the need for transfers of small and medium-sized enterprises has increased in the business succession and M&A market, investors have been faced with a major challenge in terms of the time and human resources required for consideration. In particular, the initial consideration stage requires analog work as well as advanced specialized knowledge, placing a heavy burden on investors.
To address these issues, Herix and NYC aim to build a new system that uses AI technology to enable quantitative and reproducible screening and structure the selection process for candidate companies.
SOURCE: PRTimes
