Foresight has announced new AI capabilities, enabling private market professionals to query unified pre- and post-deal data using natural language within its platform and through popular AI tools like ChatGPT, Claude, and Glean.
These new functionalities, facilitated by Foresight’s model context protocol (MCP) server, allow dealmakers to prompt the AI for lists of prospective companies. Post-deal decision-makers can ask portfolio questions, model scenarios, and execute workflows in natural language directly from Foresight’s desktop or mobile interfaces. This development addresses the long-standing issue of data silos and reliance on Excel in the $15 trillion private market, which has traditionally led to reduced transparency.
Jason Miller, Foresight founder and CEO, stated, “The $15 trillion private market has run on data silos and Excel, which has created unnecessary opacity. Foresight unlocks the data and analytics that fund managers and financial institutions need by using AI to unify the systems and sources of private market data and making it actionable through great user interfaces for sourcing, diligence, and portfolio management. With this product release we make that access simpler by letting our customers talk with their unified data in AI tools they already use every day.”
The private market is currently undergoing a digital transformation, driven by a growing need for data-driven strategies. Banks are working to leverage synergies between their lending, wealth management, and M&A teams, with data unification being a central component of this effort. Similarly, venture capital, growth, and private equity firms, traditionally reliant on reputational inbound sourcing and extensive manual Excel modeling post-investment, are re-evaluating their data strategies and technology stacks to scale operations without increasing headcount.
Dan Spector, who joined Foresight earlier this year from Amazon’s artificial general intelligence (AGI) team, commented, “Platforms like ChatGPT, Claude and Glean are expanding how users can interact with software. While traditional user interfaces shine with large amounts of data and complex analytics, every software product can benefit from the flexibility of conversational AI, and we’re thrilled to deliver this for our customers.”
Since its launch in Spring 2023, Foresight has established itself as a data and analytics platform in the private market. Its customer base includes venture capital, growth, and private equity firms, with users across various teams. Foresight Sourcing allows customers to create dynamic pipelines of relevant deal prospects and access company profiles that combine alternative research feeds with first-party data via integrations with CRMs and productivity tools. Foresight Portfolio enables customers to model funds, run company scenarios, and generate LP and GP reporting through integrations with fund accounting, cap table, and KPI data.
Foresight’s mission is to connect the private market through data. By providing customers the ability to ingest, access, and action data via AI, the company aims to accelerate this mission. Foresight is headquartered in New York City with an office in San Francisco and is backed by NEA, Greycroft, and KDX Ventures.
