{ "title": "The AI Exposure Index: Consulting", "vertical": "consulting", "reviewed": "2026-08-10", "changelog": [ { "date": "2026-07-31", "change": "Removed the per-vendor `vector` field and its `vectorMeaning` labels. Verdicts, practices, companies, sources and figures are unchanged." } ], "field": { "companies": 97, "shown": 97 }, "verdictMeaning": { "replaced": "Your client can get this deliverable without you, so the work moves in-house.", "repriced": "Your client still needs you to run the AI, so you keep the work and bill fewer hours.", "defensible": "The billed work has no AI substitute; only the prep hours under it get repriced." }, "url": "https://upshiftco.com/for/consulting-firms/ai-exposure-index", "downloads": { "json": "https://upshiftco.com/data/ai-exposure-index/upshift-ai-exposure-index-consulting-2026-08-10.json", "csv": "https://upshiftco.com/data/ai-exposure-index/upshift-ai-exposure-index-consulting-2026-08-10.csv" }, "license": "https://creativecommons.org/licenses/by-nd/4.0/", "attribution": "Upshift LLC (upshiftco.com). Licensed CC BY-ND 4.0: cite it with attribution to “The AI Exposure Index: Consulting” and a link to the Index URL. No derivatives: do not republish a modified or rebranded copy.", "feedback": "Corrections and additions welcome (missing company, wrong verdict, better primary source) with a URL: shawn@upshiftco.com. Subject line: AI Exposure Index: Consulting - correction or addition.", "practices": [ { "practice": "Business intelligence and analytics delivery", "group": "Operations and analytics delivery", "verdict": "replaced", "vendors": [ { "name": "Domo", "sells": "Business intelligence and data visualization platform that delivers finished dashboards and analytics packages directly to non-technical executives, bypassing the consulting intermediary.", "figure": "NASDAQ: DOMO; ~$330M FY2024 revenue; 3,400+ customers", "url": "https://investor.domo.com/" }, { "name": "Glean", "sells": "Enterprise AI search and knowledge discovery platform that surfaces finished business intelligence across a company’s internal data sources, accessible without analyst intermediation.", "figure": "Raised $260M Series E at $4.6B valuation, 2024", "url": "https://www.glean.com/" }, { "name": "Sigma Computing", "sells": "A cloud analytics platform where business users explore live warehouse data through a spreadsheet interface and build their own dashboards, applications, and no-code AI agents. The buyer gets the working analytics surface, not a project plan for one.", "figure": "$80M Series E at a $3B valuation (May 2026); $200M ARR reached April 2026; 2,000+ customers", "url": "https://www.sigmacomputing.com/resources/announcements/series-e" }, { "name": "Omni", "sells": "An AI analytics platform built on a governed semantic model, so a business user asks a plain-English question and receives the answer, the dashboard, or the spreadsheet directly. The same model powers queries from outside tools such as Claude and ChatGPT.", "figure": "$120M Series C at a $1.5B valuation led by ICONIQ (April 2026), on 4x year-over-year revenue growth", "url": "https://omni.co/blog/press-release-omni-series-c-funding" }, { "name": "Hex", "sells": "An AI analytics workspace whose agents write the SQL, build the charts, and publish data apps that business stakeholders query conversationally in Hex or Slack. The finished analysis and the self-serve app both come from the product.", "figure": "$70M Series C led by Avra (May 2025), $172M raised in total; customers include Reddit, HubSpot, Cisco, and the NBA", "url": "https://www.businesswire.com/news/home/20250528505112/en/Hex-Lands-$70M-to-Transform-Data-Science-and-Analytics-With-AI" }, { "name": "Zenlytic", "sells": "A self-serve business intelligence platform with an AI data analyst, Zoe, that answers complex business questions autonomously rather than only drafting SQL. The buyer receives the answer and the dashboard without an analytics team in between.", "figure": "$9M Series A led by M13 (September 2024), $14.4M raised in total", "url": "https://zenlytic.com/blog/zenlytic-secures-9-million-in-series-a-funding-led-by-m13-to-scale-ai-data-analyst" }, { "name": "Tellius", "sells": "An agentic analytics platform that runs the investigation itself: querying commercial data, finding the drivers behind a metric change, and producing finished presentations for brand, field, and FP&A teams.", "figure": "$16M Series B led by Baird Capital (2022), $33M raised in total; Accelerator, 2026 Nucleus Research BI Value Matrix", "url": "https://www.businesswire.com/news/home/20221020005438/en/Tellius-Raises-$16-Million-to-Transform-Data-Analytics-with-AI-Driven-Decision-Intelligence" }, { "name": "Databricks (AI/BI Genie)", "sells": "Genie lets a non-technical employee ask a business question in plain language and get back a summary, tables, and charts, and can rebuild an existing Tableau or Power BI workbook as an AI/BI dashboard. Business users self-serve the questions dashboards don’t cover.", "figure": "Over 4,000 customers adopted AI/BI Genie during preview, ahead of general availability in June 2025", "url": "https://www.databricks.com/blog/aibi-genie-now-generally-available" }, { "name": "AnswerRocket (Max AI)", "sells": "Max is an enterprise AI analyst that runs the analysis and composes the data story for decision-makers at CPG and Fortune Global 2000 firms, aimed at the last mile where insights fail to reach the decision-maker.", "figure": "Acquired the consulting firm Cognitive Spark (April 2025); roughly $19.1M revenue in 2024, bootstrapped", "url": "https://answerrocket.com/answerrocket-acquires-cognitive-spark-to-accelerate-agentic-ai-transformation-for-enterprises/" } ] }, { "practice": "Contract and document review", "group": "Deal and transaction support", "verdict": "replaced", "vendors": [ { "name": "Luminance", "sells": "AI-powered contract review and due-diligence platform that reads, tags, and summarizes contracts; delivers finished document-review packages and issue flags to deal teams without requiring a consultant.", "figure": "Raised $40M Series B, 2024; 700+ organizations", "url": "https://www.luminance.com/" }, { "name": "Kira (Litera)", "sells": "AI contract-analysis tool for M&A due diligence and transaction document review, delivering flagged-issue reports and data-room extractions; acquired by Litera in August 2021.", "figure": "Acquired by Litera, August 2021; 450K+ documents processed monthly", "url": "https://litera.com/products/kira/" }, { "name": "Icertis", "sells": "Enterprise contract intelligence software that ingests a company’s full agreement portfolio and returns clause-level extraction, risk flags, obligation tracking and negotiation redlines. The corporate legal or procurement team gets the reviewed contract set and the exception report directly.", "figure": "Passed $250M ARR (company announcement, February 2024); 30% of the Fortune 100 as customers", "url": "https://www.icertis.com/company/news/generative-ai-contracting-copilots-drive-icertis-above-$250-million-in-annual-recurring-revenue/" }, { "name": "Sirion", "sells": "AI contract lifecycle platform that reviews incoming third-party paper against the buyer’s own playbook and returns a marked-up contract showing every deviation, plus extracted obligations across the signed set. The in-house team receives the completed review.", "figure": "$110M Series D (Partners Group, Brookfield Growth); majority investment by Haveli Investments completed January 2026", "url": "https://www.lawnext.com/2026/02/sirion-completes-majority-investment-from-haveli-aiming-to-accelerate-ai-push-in-clm-market.html" }, { "name": "LinkSquares", "sells": "Contract review and analysis software for corporate legal departments. It performs the first read of a contract inside Microsoft Word, flags risk, summarizes terms, and builds a searchable extracted-data record across the executed portfolio.", "figure": "$100M Series C (April 2022); surpassed 1,000 customers in 2023", "url": "https://techcrunch.com/2022/04/04/linksquares-benefits-from-the-legal-tech-boom-with-a-fresh-100m/" }, { "name": "Evisort (Workday)", "sells": "Document intelligence platform that reads contracts, invoices and policy documents and returns structured terms, risk analysis and drafting support. Now sold inside Workday’s finance and HR suite, so the buyer’s own staff run the review.", "figure": "Acquired by Workday, announced September 2024, closed in Workday’s FY2025 Q3", "url": "https://newsroom.workday.com/2024-09-17-Workday-Signs-Definitive-Agreement-to-Acquire-Evisort" }, { "name": "Hebbia", "sells": "Matrix runs multi-step analysis across thousands of full documents at once, credit agreements, contracts, and filings, and returns a populated grid of extracted provisions and comparisons. Diligence teams get the finished document-review output.", "figure": "$130M Series B led by Andreessen Horowitz at a $700M valuation (July 2024); $161M total raised", "url": "https://www.indexventures.com/perspectives/hebbia-raises-130m-in-series-b-funding-to-transform-how-businesses-put-data-to-work-with-ai/" }, { "name": "Ontra", "sells": "Outsourced contract review and negotiation for private fund managers, combining AI with Ontra’s own lawyer network. The client sends the NDA or vendor agreement and receives the negotiated, finished document plus a summary of key terms.", "figure": "$200M Series B from Blackstone Growth (October 2021); ~1.5 million documents processed for 800+ financial services clients", "url": "https://www.ontra.ai/press-release/incloudcounsel-announces-200-million-series-b-funding-from-blackstone-growth-bxg-rebrands-as-ontra/" } ] }, { "practice": "Deal analytics and decision intelligence", "group": "Deal and transaction support", "verdict": "replaced", "vendors": [ { "name": "ThoughtSpot", "sells": "AI-powered analytics and decision-intelligence platform that lets deal teams query business data conversationally and receive finished analytical outputs without an analyst intermediary.", "figure": "Raised $100M at $4.2B valuation, 2023", "url": "https://www.thoughtspot.com/press-releases/" }, { "name": "Palantir", "sells": "AI-powered data integration and decision-intelligence platform used by corporations for deal screening, portfolio analytics, and operational diagnostics.", "figure": "NYSE: PLTR; ~$2.9B 2024 revenue; 550+ commercial customers", "url": "https://investors.palantir.com/" }, { "name": "Hebbia", "sells": "An AI platform that reads large document sets (data rooms, filings, contracts) and returns the structured analysis a deal team would otherwise write by hand. The buyer receives the completed answer grid with citations.", "figure": "$130M Series B led by Andreessen Horowitz at roughly $700M valuation, July 2024; customers include KKR and MetLife", "url": "https://www.hebbia.com/blog/hebbia-raises-usd130m-series-b" }, { "name": "Rogo", "sells": "An agentic AI platform for investment banking and investing that produces the deal work product directly: CIMs, comparable analyses, diligence summaries, and portfolio intelligence, inside Excel, PowerPoint, and Word.", "figure": "$160M Series D led by Kleiner Perkins, April 2026; $300M+ raised; 35,000+ professionals at 250+ institutions", "url": "https://www.prnewswire.com/news-releases/rogo-raises-160m-series-d-to-scale-the-agentic-platform-for-finance-302756546.html" }, { "name": "Grata (Datasite)", "sells": "AI private-market intelligence on more than 21 million private companies. Dealmakers get the finished target list and company analysis for acquisitions in fragmented sectors, without a sourcing advisor.", "figure": "Acquired by Datasite in June 2025, backed by a $500M growth commitment from owner CapVest", "url": "https://www.datasite.com/en/company/news/datasite-acquires-leading-private-market-intelligence-company-grata-with--500-million-investment-commitment" }, { "name": "Keye", "sells": "An AI diligence platform for private equity that runs quantitative analyses on a target’s data and returns Excel-ready deal analysis. The investment team receives the finished diligence output rather than a summary.", "figure": "$5M seed announced July 2025, backed by Sorenson Capital, General Catalyst, and Y Combinator", "url": "https://fintech.global/2025/07/29/private-equity-ai-platform-keye-emerges-with-5m-seed-round/" }, { "name": "Brightwave", "sells": "An AI research platform that reads filings, transcripts, and market data and writes the investment analysis: a sourced narrative with the reasoning shown. The investor receives the finished research note.", "figure": "$15M Series A led by Decibel Partners, October 2024; $21M raised in total", "url": "https://www.businesswire.com/news/home/20241029778071/en/Brightwave-Secures-$15M-Series-A-to-Scale-AI-Powered-Financial-Research-Platform" }, { "name": "BlueFlame AI", "sells": "A generative AI platform for alternative investment managers that runs diligence and analysis across a firm’s deal documents and internal data, inside a compliance-controlled environment.", "figure": "$5M Series A closed June 2024, 25% oversubscribed, at a reported $50M valuation", "url": "https://www.businesswire.com/news/home/20240625418646/en/BlueFlame-AI-Secures-$5M-Series-A-Funding-to-Transform-Gen-AI-for-Alternative-Investment-Managers" } ] }, { "practice": "Market and competitive intelligence", "group": "Strategy and competitive intelligence", "verdict": "replaced", "vendors": [ { "name": "AlphaSense", "sells": "AI market intelligence platform with integrated expert transcript library via Tegus acquisition; delivers finished competitive analyses, earnings-call synthesis, and industry-report summaries directly to strategy and investment teams.", "figure": "$600M+ ARR; $350M Series E at $7.5B valuation, 2024", "url": "https://www.alpha-sense.com/press/alphasense-series-e/" }, { "name": "Crayon", "sells": "Competitive intelligence platform that tracks competitor moves across web, pricing, product, and go-to-market channels and delivers finished battlecard and competitive-positioning outputs.", "figure": "Raised $22M Series B; 1,000+ customers", "url": "https://www.crayon.co/" }, { "name": "Klue", "sells": "AI-native competitive enablement platform that ingests competitor signals and synthesizes them into finished win/loss analysis and competitive-positioning deliverables.", "figure": "Raised $62M Series B, 2022", "url": "https://klue.com/" }, { "name": "Similarweb", "sells": "A digital market intelligence platform that hands the buyer sized market and competitor benchmarks: traffic, share, audience and channel breakdowns per rival, plus AI-generated analyses of that data. The client gets the competitive picture without commissioning a study.", "figure": "Fiscal 2025 revenue of $282.6M, up 13% year over year; 6,128 customers (NYSE: SMWB)", "url": "https://ir.similarweb.com/news-events/press-releases/detail/145/similarweb-announces-fourth-quarter-and-fiscal-2025-results" }, { "name": "Meltwater", "sells": "Media, social and consumer intelligence delivered as finished dashboards and reports: brand and competitor share of voice, narrative shifts, and market sentiment read off about a billion documents a day. The buyer receives the analysis, not raw feeds.", "figure": "27,000 customers as of October 2025; taken private by Marlin Equity Partners and Altor in August 2023", "url": "https://www.globenewswire.com/news-release/2025/10/23/3171973/0/en/Meltwater-2025-Year-End-Product-Release-Delivers-Smarter-Media-Intelligence-with-New-AI-Innovations.html" }, { "name": "Kompyte (Semrush)", "sells": "Automated competitor tracking that turns rival pricing, positioning and product changes into battlecards and competitive updates for sales and product teams. The buyer gets the finished competitive brief on a standing basis.", "figure": "Acquired by Semrush in March 2022 for $10M", "url": "https://searchengineland.com/semrush-acquires-kompyte-upsell-to-customers-381535" }, { "name": "Valona Intelligence (formerly M-Brain)", "sells": "Market and competitive intelligence combining a monitoring platform with analyst-written deliverables: market sizing, customer intelligence and strategic analysis for corporate strategy teams. The client receives the written intelligence product.", "figure": "Monterro acquired a majority stake in June 2022; 190 employees at the deal", "url": "https://valonaintelligence.com/news/monterro-acquires-finnish-market-intelligence-saas-company-m-brain" }, { "name": "Contify", "sells": "An AI market and competitive intelligence platform that delivers curated competitor, customer and market insight briefs to sales, product marketing and strategy teams. The buyer receives the filtered analysis rather than a news feed.", "figure": "Visionary, 2026 Gartner Magic Quadrant for Competitive and Market Intelligence Platforms; bootstrapped, 100+ global IT and SaaS customers", "url": "https://www.contify.com/ai-info/" } ] }, { "practice": "People analytics and engagement measurement", "group": "People and organization", "verdict": "replaced", "vendors": [ { "name": "Culture Amp", "sells": "Employee engagement and people analytics platform that delivers finished engagement survey reports and retention-risk analytics to HR and leadership teams.", "figure": "Raised $100M Series F at $1.5B valuation, 2019; 6,500+ companies", "url": "https://www.cultureamp.com/" }, { "name": "Visier", "sells": "People analytics and workforce intelligence platform that delivers finished workforce analyses and predictive people-analytics to HR and executive teams.", "figure": "Raised $125M Series E at $1B valuation, 2021; 50,000+ organizations", "url": "https://www.visier.com/" }, { "name": "Lattice", "sells": "People management and performance analytics platform that delivers finished performance reviews, engagement data, and people-analytics dashboards to HR teams.", "figure": "Raised $175M Series F at $3B valuation, 2021; 5,000+ customers", "url": "https://lattice.com/" }, { "name": "Qualtrics EmployeeXM", "sells": "An employee experience product line that runs engagement, lifecycle, and pulse surveys, then uses AI to analyze open text and produce the driver analysis and recommended actions for each manager: the deliverable a survey consultant used to write.", "figure": "Taken private by Silver Lake and CPP Investments for $12.5B, completed June 2023; 19,000+ organizations", "url": "https://www.qualtrics.com/news/silver-lake-and-cpp-investments-complete-acquisition-of-qualtrics/" }, { "name": "Viva Glint (Microsoft)", "sells": "An engagement measurement platform that runs employee surveys and applies machine learning to score organizational health, rank the drivers, and hand each manager a specific action, rather than a consultant’s readout.", "figure": "Acquired by Microsoft-owned LinkedIn in 2018 for more than $400M, per CNBC reporting; 300+ enterprise customers at acquisition", "url": "https://www.cnbc.com/2018/10/08/microsoft-spent-over-400-million-to-show-its-committed-to-linkedin.html" }, { "name": "Peakon (Workday)", "sells": "A continuous listening platform that collects employee sentiment on a rolling basis and turns it into real-time engagement, attrition risk, and manager-level scores: the ongoing measurement stream instead of an annual survey project.", "figure": "Acquired by Workday for $700M in an all-cash deal, closed March 2021", "url": "https://venturebeat.com/business/workday-acquires-peakon-for-700-million-to-capture-real-time-employee-sentiment-data" }, { "name": "Perceptyx", "sells": "A multi-channel employee listening and people analytics platform that runs the survey program, benchmarks results against its own database, and issues AI-generated recommendations and coaching to managers: the full measurement-to-action cycle.", "figure": "600+ global enterprises including a third of the Fortune 100 (May 2025); benchmark database of 20M+ responses", "url": "https://www.globenewswire.com/news-release/2025/05/07/3076168/en/Perceptyx-s-2025-Employee-Experience-Benchmark-Reveals-An-Emerging-Trend-The-Mid-Life-Development-Crisis.html" }, { "name": "One Model", "sells": "A people analytics platform that pulls HR, payroll, and recruiting data into one model and applies its One AI layer to produce workforce metrics, attrition prediction, and talent strategy analysis, without an analyst team building it.", "figure": "$41M growth investment led by Riverwood Capital, August 2023", "url": "https://techcrunch.com/2023/08/07/one-model-lands-41m-to-bring-data-science-powered-insights-to-hr/" } ] }, { "practice": "Strategy research synthesis and due diligence", "group": "Strategy and competitive intelligence", "verdict": "replaced", "vendors": [ { "name": "Ascentra Labs", "sells": "AI-powered research synthesis and strategy due-diligence platform that distills large document sets into finished insight packages.", "figure": "Raised $2M seed, 2024", "url": "https://www.ascentra.ai/" }, { "name": "Writer", "sells": "Enterprise AI platform used by consulting and strategy teams to synthesize research, draft due-diligence memos, and produce finished strategy deliverables at scale.", "figure": "Raised $200M Series C at $1.9B valuation, 2024; 200+ enterprise customers", "url": "https://writer.com/blog/" }, { "name": "Hebbia", "sells": "An AI platform that reads a client’s document set and external filings and returns structured, cited analysis: diligence findings, market reads, and answer matrices across hundreds of documents. The buyer receives the written synthesis.", "figure": "$130M Series B led by Andreessen Horowitz at roughly $700M valuation (July 2024); used by about 30% of asset managers", "url": "https://techcrunch.com/2024/07/09/ai-startup-hebbia-rased-130m-at-a-700m-valuation-on-13-million-of-profitable-revenue" }, { "name": "Rogo", "sells": "An AI analyst for financial institutions that produces the finished work product: company and market analyses, diligence memos, and slide-ready output built from firm data and filings.", "figure": "$160M Series D led by Kleiner Perkins, April 2026; $300M+ raised; 35,000+ professionals at 250+ institutions", "url": "https://www.prnewswire.com/news-releases/rogo-raises-160m-series-d-to-scale-the-agentic-platform-for-finance-302756546.html" }, { "name": "DiligenceSquared", "sells": "AI-native commercial due diligence for investment teams: it runs the expert interviews with voice agents, synthesizes the research, and hands over a traceable interactive diligence report. It sells directly against the CDD projects private equity funds buy from consulting firms.", "figure": "$5M seed led by RELENTLESS with Y Combinator (March 2026); engagements with US and European PE funds since October 2025", "url": "https://www.prnewswire.com/news-releases/diligencesquared-raises-5m-to-bring-ai-driven-commercial-due-diligence-to-private-equity-302706143.html" }, { "name": "Brightwave", "sells": "An AI research platform that produces written financial analysis, thesis memos, diligence write-ups and market reads, from filings, transcripts and the client’s own documents, with citations.", "figure": "$15M Series A led by Decibel Partners, October 2024; $21M total; customers with $120B+ combined AUM", "url": "https://www.businesswire.com/news/home/20241029778071/en/Brightwave-Secures-$15M-Series-A-to-Scale-AI-Powered-Financial-Research-Platform" } ] }, { "practice": "Expert research and primary knowledge access", "group": "Strategy and competitive intelligence", "verdict": "repriced", "vendors": [ { "name": "GLG", "sells": "Global expert network with 1M+ specialist advisors; clients buy telephone consultations and written expert perspectives that replace the primary-research phase of a consulting engagement.", "figure": "1M+ experts on network; $1B+ annual revenue", "url": "https://glginsights.com/about/" }, { "name": "Guidepoint", "sells": "Expert network connecting businesses and consulting teams directly with 1.5M+ industry specialists for primary knowledge consultations.", "figure": "1.5M+ expert advisors; offices in 16 countries", "url": "https://www.guidepoint.com/about/" }, { "name": "Third Bridge", "sells": "Expert network and primary research platform serving investment managers and consulting firms with analyst-ready expert intelligence and forum transcripts.", "figure": "GBP 215M revenue FY2023; 1,400+ employees", "url": "https://thirdbridge.com/about-us/" }, { "name": "AlphaSights", "sells": "On-demand access to industry experts for consultants, investors and corporates: expert calls, surveys and commissioned insight projects. The buyer receives the primary knowledge directly instead of paying a firm to gather it.", "figure": "£466.45M turnover for the year ended December 2024 per UK group accounts; over 2,000 employees in 2025", "url": "https://www.northdata.com/Alphasights+Holdings+Ltd.,+London/Companies+House+11550009" }, { "name": "Dialectica", "sells": "An insights-on-demand service connecting private equity, consulting and corporate clients to vetted experts, plus commissioned primary research such as surveys and interview programs. The client gets the primary evidence base.", "figure": "Crossed $100M in annual revenue in 2025 with over 1,400 employees; stated 70% CAGR since 2015", "url": "https://finance.yahoo.com/news/dialectica-marks-decade-hyper-growth-124500845.html" }, { "name": "NewtonX", "sells": "B2B research that recruits verified professionals for custom surveys and interviews, then delivers the completed study to the client. The buyer receives finished primary research on a defined business question.", "figure": "$32M Series B in December 2021 led by Marbruck Investments; $47M total raised", "url": "https://www.newtonx.com/press/newtonx-announces-32m-series-b-funding/" }, { "name": "proSapient", "sells": "An expert network platform that sources, schedules and manages expert consultations for investors, consultants and corporates, and stores the resulting transcripts and insights for the client.", "figure": "$10M Series A led by Smedvig Capital, January 2021; approximately $18M raised in total", "url": "https://techcrunch.com/2021/01/18/prosapient-raises-10m-series-a-led-by-smedvig-capital-to-expand-expert-network-platform" }, { "name": "Atheneum", "sells": "Research-as-a-service that pairs an expert network with virtual surveys and interview programs for investment funds, consulting firms and corporates. The client receives the completed primary research package.", "figure": "$150M growth equity round led by Guidepost Growth Equity, August 2021, on revenue well above $50M and profitable; ~680,000 experts", "url": "https://techcrunch.com/2021/08/26/atheneum-150-million/" }, { "name": "Office Hours", "sells": "A self-serve marketplace where buyers book one-on-one consultations with subject matter experts directly, without an account-manager layer. The buyer gets the expert conversation, priced per call.", "figure": "$5M seed round, February 2021, from investors including CRV, Greenoaks and BoxGroup", "url": "https://sacra.com/c/office-hours/" } ] }, { "practice": "Financial modeling and scenario planning", "group": "Financial and quantitative analysis", "verdict": "repriced", "vendors": [ { "name": "Pigment", "sells": "AI-first business planning and financial modeling platform for scenario planning, budget building, and FP&A; delivers finished forecast models and scenario analyses to finance and strategy teams.", "figure": "Raised $88M Series C, 2024; 500+ enterprise customers", "url": "https://www.pigment.com/newsroom/" }, { "name": "Mosaic", "sells": "Strategic finance platform with AI-powered modeling that delivers finished financial plans and scenario analyses to finance teams.", "figure": "Raised $25M Series B, 2021; 200+ finance teams", "url": "https://www.mosaic.tech/" }, { "name": "Anaplan", "sells": "Connected planning platform for financial modeling, workforce planning, and scenario analysis at enterprise scale; acquired by Thoma Bravo for $10.4B in 2022.", "figure": "Acquired by Thoma Bravo for $10.4B, 2022", "url": "https://www.anaplan.com/" }, { "name": "Causal (Lucanet)", "sells": "A multidimensional planning platform where a finance team builds driver-based financial models, scenario plans, and forecasts without spreadsheet cell formulas. The buyer gets the working model and its scenarios, not a consultant-built deck.", "figure": "Acquired by the Lucanet Group, October 2024; the Causal team now runs Lucanet’s xP&A Centre of Excellence", "url": "https://www.lucanet.com/en/press-releases/causal-joins-the-lucanet-group-31-10-2024/" }, { "name": "Abacum", "sells": "An AI-native FP&A platform that consolidates financial and operational data, then produces revenue forecasts, headcount plans, and modeled scenarios for the finance team. The output is the plan itself, maintained in the tool.", "figure": "$60M Series B led by Scale Venture Partners, June 2025; over $90M raised; revenue tripled over the prior 12 months", "url": "https://www.abacum.ai/newsroom/series-b-announcement" }, { "name": "Aleph", "sells": "An AI-native FP&A system that pulls data from ERP, CRM, and HR sources into spreadsheet-native models, so the finance team gets live budgets, forecasts, and scenario models instead of a rebuilt workbook each cycle.", "figure": "$29M Series B led by Khosla Ventures, September 2025; $46M raised; customers include Zapier, Turo, and Chess.com", "url": "https://www.globenewswire.com/news-release/2025/09/17/3151759/0/en/Aleph-Secures-29-Million-Series-B-to-Shape-and-Lead-the-Future-of-AI-Native-FP-A.html" }, { "name": "Datarails", "sells": "An Excel-native FP&A platform that automates the P&L, cash flow, budget, and rolling-forecast models a finance team already runs, plus AI agents for planning and reporting. The buyer keeps the model and the scenario output.", "figure": "$70M Series C led by One Peak, January 2026; $175M raised; 70% annual revenue growth", "url": "https://www.prnewswire.com/news-releases/datarails-raises-70m-series-c-led-by-one-peak-to-make-ai-the-foundation-of-the-cfos-office-302666573.html" }, { "name": "Cube", "sells": "A spreadsheet-native FP&A platform with bi-directional sync between Excel or Google Sheets and a central data layer, so finance teams build multi-scenario plans and track performance in the spreadsheet they already use.", "figure": "$30M Series B led by Battery Ventures, June 2022; $45M raised; 400% ARR growth at the round", "url": "https://www.prnewswire.com/news-releases/cube-closes-30-million-series-b-led-by-battery-ventures-301568496.html" }, { "name": "Vena Solutions", "sells": "A cloud FP&A platform for budgeting, forecasting, and business planning at mid-size and large companies. The finance team receives the completed budget model and forecast scenarios directly from the platform.", "figure": "$300M Series C led by Vista Equity Partners, April 2021, at a valuation above $600M; later reported $100M ARR", "url": "https://www.vistaequitypartners.com/news/vena-raises-300-million-in-series-c-funding-to-transform-how-businesses-plan-to-grow/" } ] }, { "practice": "Leadership coaching and executive development", "group": "People and organization", "verdict": "repriced", "vendors": [ { "name": "BetterUp", "sells": "AI-augmented leadership coaching platform connecting executives with coaches at scale; delivers ongoing coaching programs that replicate the outcomes of consulting-led executive development.", "figure": "Raised $300M Series E at $4.7B valuation, 2021; 3,000+ enterprise customers", "url": "https://www.betterup.com/press/" }, { "name": "CoachHub", "sells": "Digital coaching platform matching executives with certified coaches via AI; delivers enterprise-wide leadership development programs at a fraction of the cost of consulting-led interventions.", "figure": "Raised $200M Series C, 2022; 500+ enterprise clients in 90+ countries", "url": "https://www.coachhub.com/" }, { "name": "Torch", "sells": "AI-powered coaching and mentoring platform that delivers structured leadership development programs inside organizations.", "figure": "Raised $40M Series C, 2022", "url": "https://torch.io/" }, { "name": "Valence", "sells": "AI-first leadership and team development platform that delivers personalized development programs using AI and human coaching.", "figure": "Raised $50M Series B, 2024", "url": "https://www.valence.co/" }, { "name": "Sounding Board", "sells": "An enterprise coaching platform that runs a company’s whole leadership coaching program: AI matching pairs each leader with a coach from its network, and the platform schedules sessions, tracks development goals, and reports outcomes to HR. The buyer receives the running coaching program.", "figure": "$30M Series B led by Jazz Venture Partners, December 2021; annual bookings up more than 350% year over year at the raise", "url": "https://www.globenewswire.com/en/news-release/2021/12/01/2344452/0/en/Sounding-Board-s-Hypergrowth-Accelerates-30M-Series-B-Funding-for-Leadership-Coaching-Pioneer.html" }, { "name": "Growthspace", "sells": "A talent development platform that uses AI to match employees and cohorts with domain experts and coaches for time-boxed development sprints, then measures the result against the skill the client set. Program, expert network, and impact measurement in one subscription.", "figure": "$25M Series B led by Zeev Ventures, August 2022; $44M raised; 5x ARR growth in the prior 12 months", "url": "https://www.prnewswire.com/news-releases/talent-development-platform-growthspace-announces-25-million-in-series-b-funding-301606380.html" }, { "name": "Bravely", "sells": "An on-demand coaching platform that gives every employee confidential access to a professional coach plus manager and leadership development tracks. The employer buys a running coaching benefit with usage and theme reporting.", "figure": "$15M Series A led by Telescope Partners, September 2021; roughly $18M raised in total", "url": "https://www.prnewswire.com/news-releases/on-demand-coaching-platform-bravely-announces-15m-series-a-funding-round-301359598.html" }, { "name": "EZRA (LHH, The Adecco Group)", "sells": "A digital executive coaching platform delivering one-to-one coaching at enterprise scale through certified coaches, with AI coaching in the EZRAx product. It now powers the executive coaching LHH previously sold as a consulting service.", "figure": "Revenues grew 59% year over year in Q3 2025 (The Adecco Group quarterly results)", "url": "https://www.adeccogroup.com/our-group/media/press-releases/q3-2025-results" } ] }, { "practice": "Process intelligence and operational diagnostics", "group": "Operations and analytics delivery", "verdict": "repriced", "vendors": [ { "name": "Celonis", "sells": "Process mining and intelligence platform that produces finished maps of how operational processes actually run, diagnosing inefficiencies for consulting teams and their clients.", "figure": "Raised $1B Series D at $13B valuation, 2021; 5,000+ enterprise customers", "url": "https://www.celonis.com/" }, { "name": "UiPath", "sells": "Process automation and intelligence platform that discovers, maps, and automates operational processes; used by consulting teams to deliver operational diagnostics and implementation.", "figure": "NYSE: PATH; $1.43B FY2024 revenue; 10,800+ customers", "url": "https://ir.uipath.com/" }, { "name": "Soroco", "sells": "Scout observes how teams actually work across applications and produces a work graph: a map of the friction, handoffs and rework in a process, with the business impact attached. The client receives the operational diagnostic a process-improvement engagement would normally deliver.", "figure": "100+ enterprise customers and revenue in the tens of millions of dollars, bootstrapped (Forbes, February 2023)", "url": "https://www.forbes.com/sites/anuraghunathan/2023/02/22/rohan-murty-son-of-indian-tech-billionaire-nr-narayana-murthy-looks-to-create-his-own-legacy-with-enterprise-software-firm-soroco/" }, { "name": "Skan.ai", "sells": "Computer-vision process intelligence that watches desktop work in operations functions such as underwriting, claims and onboarding, then builds a model of the real process with variants, timings and cost, without a consulting team running interviews.", "figure": "$40M Series B led by Dell Technologies Capital (March 2022), $54M total raised; 40+ enterprise customers including Citigroup", "url": "https://www.prnewswire.com/news-releases/skan-raises-40m-series-b-round-to-accelerate-enterprise-adoption-of-their-ground-breaking-process-intelligence-solution-as-distributed-remote-work-collides-with-complex-business-operations-301513344.html" }, { "name": "Mimica", "sells": "Task mining software that records employee desktop activity and outputs process maps, step-level variation and a ranked list of automation opportunities. The client receives the finished process map instead of commissioning a discovery workstream.", "figure": "$26.2M Series B led by Paladin Capital Group, September 2025", "url": "https://www.mimica.ai/articles/mimica-secures-26-2-million-in-series-b-funding-to-train-agentic-ai-on-real-enterprise-workflows" }, { "name": "SAP Signavio", "sells": "Process mining and modeling suite that reconstructs how a process actually runs from system event logs and returns conformance gaps, bottlenecks and benchmark comparisons, directly inside the buyer’s SAP landscape.", "figure": "Acquired by SAP, completed March 2021; reported by Bloomberg at roughly $1.2B", "url": "https://www.signavio.com/news/sap-acquisition-signavio/" }, { "name": "ABBYY Timeline", "sells": "Process intelligence platform that builds a visual model of a process from system data, then shows bottlenecks, deviations and predicted outcomes in real time. The buyer receives the process diagnostic and monitors it continuously.", "figure": "100% increase in new ARR for ABBYY Timeline in 2023; Leader, 2024 Gartner Magic Quadrant for Process Mining Platforms", "url": "https://www.abbyy.com/company/news/abbyy-reports-2023-revenue-growth-for-ai-solutions-plus-idc-marketscape-leadership/" }, { "name": "IBM Process Mining (myInvenio)", "sells": "Process mining software that reads event data from a company’s business systems and identifies which processes cost the most and where the delays sit, with simulated improvement scenarios. The client gets the operational assessment as a software output.", "figure": "myInvenio acquired by IBM, announced April 2021, folded into IBM Cloud Pak for Business Automation", "url": "https://newsroom.ibm.com/2021-04-15-IBM-to-Acquire-myInvenio-to-help-Organizations-Use-AI-powered-Automation-to-Better-Streamline-Business-Processes" } ] }, { "practice": "Organizational development and performance management", "group": "People and organization", "verdict": "repriced", "vendors": [ { "name": "Leapsome", "sells": "People enablement platform for OKRs, performance reviews, and organizational development; delivers structured OD programs that consulting firms have traditionally designed and implemented.", "figure": "Raised $60M Series A, 2022; 1,500+ customers across 60+ countries", "url": "https://www.leapsome.com/" }, { "name": "Quantive", "sells": "AI-powered strategic execution platform combining OKRs, strategy, and organizational performance management; compresses the implementation work consulting firms bill for.", "figure": "Raised $120M Series C, 2022", "url": "https://quantive.com/" }, { "name": "15Five", "sells": "A continuous performance management platform that runs reviews, goal and OKR tracking, engagement surveys, and check-ins, with AI that drafts review summaries and coaches managers in the flow of work. The client buys the running performance system.", "figure": "$52M Series C led by Quad Partners, July 2022", "url": "https://www.businesswire.com/news/home/20220721005294/en/15Five-Raises-$52-Million-Series-C-Amplifying-Its-Foundational-Role-in-Empowering-HR-Leaders-to-Retain-and-Motivate-Top-Performers" }, { "name": "Betterworks", "sells": "An enterprise goal-setting and performance management platform covering OKRs, check-ins, calibration, and engagement, sold as the operating system for how a company sets and reviews objectives. It replaces the design-and-rollout work of a performance management consultant.", "figure": "$61M in added funding announced 2021 from investors including Kleiner Perkins and Emergence Capital; over $125M total", "url": "https://trainingindustry.com/press-release/performance-management/betterworks-adds-61-million-in-funding/" }, { "name": "WorkBoard", "sells": "An enterprise results management platform that cascades strategic objectives into OKRs across the organization and runs the weekly operating rhythm of reviews and progress data: the strategy-execution mechanism a consultancy would otherwise install and facilitate.", "figure": "$75M Series D led by SoftBank Vision Fund 2 at an $800M post-money valuation, May 2021; over $141M raised", "url": "https://techcrunch.com/2021/05/04/workboard-raises-75m-as-the-okr-focused-startup-bets-on-a-growing-economy-changes-to-business-culture/" }, { "name": "PerformYard", "sells": "A performance management platform that configures and runs the client’s review cycle, goal tracking, continuous feedback, and engagement surveys to the client’s own process design: a running review program rather than a framework document.", "figure": "$95M equity investment from Updata Partners, January 2024; 5x revenue growth over four years while profitable", "url": "https://techcrunch.com/2024/01/09/performyard-lands-95m-to-grow-its-staff-performance-management-platform/" } ] }, { "practice": "Project-based independent consulting access", "group": "Independent talent marketplace", "verdict": "repriced", "vendors": [ { "name": "Catalant", "sells": "On-demand consulting marketplace connecting companies directly with 200,000+ independent strategy and operations consultants; clients buy the consulting work without retaining a firm.", "figure": "Raised $35M in funding; 200,000+ independent consultants on platform", "url": "https://catalant.com/news/" }, { "name": "Expert360", "sells": "Independent consulting marketplace matching companies with vetted strategy and management consultants on a project basis; competes directly for project work consulting firms seek.", "figure": "$21M total raised ($13M Series B); 40,000+ vetted consultants", "url": "https://www.expert360.com/" }, { "name": "Malt", "sells": "A European marketplace where companies hire vetted independent consultants and specialists directly for defined projects. Corporate buyers pick and contract the individual themselves, so no firm sits between the client and the consultant.", "figure": "$97M raised in May 2021 at a $489M valuation, led by Goldman Sachs Growth Equity and Eurazeo", "url": "https://techcrunch.com/2021/05/31/malt-raises-97m-at-a-489m-valuation-for-its-freelance-marketplace-for-developers/" }, { "name": "A.Team", "sells": "An invite-only network that assembles independent product builders, engineers and strategists into project teams that embed inside a client company. The client gets an assembled team without engaging a firm to staff it.", "figure": "$55M Series A in May 2022, co-led by Tiger Global, Insight Partners and Spruce Capital", "url": "https://www.forbes.com/sites/emmylucas/2022/05/17/tech-talent-startup-ateam-raises-55-million-from-investors-like-adam-grant-and-jay-z/" }, { "name": "Toptal", "sells": "A vetted talent network that places independent consultants and executives in finance, corporate strategy and marketing on client projects; its January 2026 acquisition of Graphite added 12,000+ vetted independent strategy and finance experts.", "figure": "Acquired Graphite in January 2026, adding 12,000+ vetted independent experts and consultants", "url": "https://www.toptal.com/press-center/toptal-announces-acquisition-of-graphite" }, { "name": "Business Talent Group (Heidrick & Struggles)", "sells": "A marketplace that places independent consultants and project leaders, most of them alumni of major consulting firms, directly on corporate assignments. The buyer contracts the individual instead of buying a firm-staffed team.", "figure": "Acquired by Heidrick & Struggles in April 2021; 7,000+ professionals; more than half the Fortune 100 matched to experts", "url": "https://heidrick.mediaroom.com/2021-04-06-Heidrick-Struggles-Accelerates-the-Future-of-Work-by-Acquiring-Business-Talent-Group" } ] }, { "practice": "Board and C-suite strategic advisory", "group": "Strategy and competitive intelligence", "verdict": "defensible", "vendors": [ { "name": "Board Intelligence", "sells": "AI-powered board management and board-pack platform (Lucia) that drafts, summarizes, and quality-scores board papers for boards and company secretaries; compresses the preparation hours under board-level counsel without delivering the counsel itself.", "figure": "K1 growth investment at a £200M+ valuation, 2024; acquired TeamEngine (2024) and Competent Boards (2025)", "url": "https://k1.com/k1-announces-investment-in-board-intelligence/" }, { "name": "Diligent", "sells": "Governance platform whose GovernAI suite generates board-book summaries, automated minutes, and per-director preparation on Diligent Boards; prep tooling for the boardroom rather than a substitute for the advisor in it.", "figure": "25,000+ clients and 700,000 board members; Leader, 2025 Gartner Magic Quadrant for GRC", "url": "https://www.diligent.com/company/newsroom/diligent-2025-gartner-magic-quadrant-report" }, { "name": "OnBoard", "sells": "Board management software that builds agendas, assembles board books, runs votes and summarizes meeting material for directors and corporate secretaries. It compresses the preparation hours around board counsel; it does not deliver the counsel.", "figure": "$100M growth investment from JMI Equity, July 2021; 2,600+ organizations; acquired Govenda in May 2024", "url": "https://www.prnewswire.com/news-releases/onboard-receives-100m-growth-investment-from-jmi-equity-301326515.html" }, { "name": "Nasdaq Boardvantage", "sells": "A board portal that handles meeting materials, secure document distribution, approvals and director collaboration for public and private boards. It compresses the administrative load of the board cycle; the strategic advice stays with the adviser.", "figure": "Acquired by Nasdaq for $200M, completed May 2016; 1,900 clients at acquisition", "url": "https://www.governance-intelligence.com/boardroom/nasdaq-buy-boardvantage-200-mn" } ] }, { "practice": "Change management facilitation", "group": "People and organization", "verdict": "defensible", "vendors": [ { "name": "Howspace", "sells": "AI-assisted digital facilitation platform for change programs: clusters workshop discussion into themes and reads sentiment, compressing a facilitator’s preparation and synthesis without replacing the facilitated process.", "figure": "€12M Series A led by Forestay Capital and Inventure", "url": "https://howspace.com/blog/howspace-closes-12m-series-a-funding-round/" }, { "name": "WalkMe (SAP)", "sells": "Digital adoption platform delivering in-app guidance and automation through software rollouts; carries the communication and training load of a change program while the behavior change stays with the client’s own people.", "figure": "Acquired by SAP for $1.5B cash, completed September 2024", "url": "https://news.sap.com/2024/09/sap-completes-walkme-acquisition/" }, { "name": "Whatfix", "sells": "A digital adoption platform that delivers in-application guidance, simulated training environments and adoption analytics during a systems rollout. It carries the training and communication load of a change program; the behavior change stays with the client’s people.", "figure": "$125M Series E, September 2024, led by Warburg Pincus at a reported ~$900M valuation; 700+ enterprise customers", "url": "https://whatfix.com/newsroom/press-releases/whatfix-raises-125-million-series-e/" }, { "name": "ChangeEngine", "sells": "A platform that designs and automates internal communication campaigns, employee journeys and recognition programs across a company’s channels. It carries the communication load of a change program; the behavior change stays with the client’s people.", "figure": "$10M Series A, May 2024, led by Threshold Ventures", "url": "https://www.finsmes.com/2024/05/changeengine-raises-10m-in-series-a-funding.html" } ] } ] }