ShareVault, a secure document sharing platform, announced it has achieved ISO/IEC 42001:2023 certification, the international standard for responsible AI management systems. This achievement distinguishes ShareVault as one of only two virtual data room (VDR) providers worldwide to earn this validation for AI governance.
The ISO 42001 standard aims to ensure that organizations deploying AI systems do so safely, ethically, and in alignment with evolving global regulatory expectations. For ShareVault customers, particularly those in highly regulated sectors such as life sciences, finance, and legal, this certification offers independent, third-party validation that the platform’s AI-powered features are governed by audited controls.
Steven Monterroso, CEO of ShareVault, stated, “ISO 42001 is the global standard for responsible AI governance, setting the bar for how AI is built and deployed in regulated environments. ShareVault is among the first virtual data room providers to achieve this certification, underscoring our commitment to leading the market as a modern, trusted VDR.” He added that the certification ensures every AI capability delivered is secure, governed, and ready for real-world use, allowing customers to proceed with confidence while protecting sensitive data.
The certification covers all AI-powered capabilities within the ShareVault platform. These include Optical Character Recognition (OCR), AI-powered redaction, document chat and search functions, and automated translation. Each of these features underwent formal risk assessment and independent validation, addressing areas such as bias mitigation, human oversight, monitoring, accuracy safeguards, and appropriate use.
As part of the certification process, ShareVault validated controls across 42 industry-specific AI risk scenarios, including those relevant to life sciences and clinical documentation, financial services and transaction diligence, and legal and regulatory workflows. Furthermore, ShareVault’s content-blind architecture, which prevents the company from accessing or using customer document contents, was formally audited and certified within the ISO 42001 scope. This design ensures customer data cannot be viewed, used for AI training, or inadvertently exposed.
For procurement, legal, compliance, and security teams, the ISO 42001 certification provides defensible evidence of AI governance aligned with major regulatory frameworks, including the EU AI Act, GDPR, HIPAA, and SOX. This is intended to reduce vendor due diligence requirements, shorten approval cycles, and lower organizational risk when adopting AI-enabled workflows. The ISO 42001 standard mandates ongoing oversight, including annual independent audits, quarterly internal reviews, and continuous monitoring, to ensure ShareVault’s AI governance adapts to emerging regulations and technologies.
ShareVault, based in Los Gatos, California, provides a secure document sharing platform designed for high-stakes transactions across various industries. The Virtual Data Room (VDR) is used by professional dealmakers for M&A, capital raises, litigation, licensing, clinical collaboration, and regulatory compliance, positioning itself as a deal enablement platform that streamlines due diligence and manages risk.
