The Mission

To address this, our mission is to provide an independent check on AI targets for corporate buyers and investment funds before they finalize a transaction. We measure actual AI substance rather than the label, utilizing definitions anchored in EU law to classify companies as AI-native, AI-enabled, or merely AI-labelled. By benchmarking target prices against similar non-AI "twin" deals, we provide evidence to help buyers determine if the AI is real and actually worth the premium price. Ultimately, our goal is to serve as the standard "second opinion" for technology M&A deals, delivering a clear, one-page report that flags risks in plain words—such as a lack of AI engineers or missing technical details—so buyers can confidently separate true AI value from marketing hype before they sign.

The Challenge

The M&A market is currently experiencing an "AI boom," where buyers often pay significant premiums—sometimes millions of euros extra—simply for a target company's "AI" label. Because 55% of large EU enterprises used AI in 2025, claiming AI capabilities has become common, creating a dangerous gap between a company's marketing label and its actual technological substance. The European Central Bank has warned that these high valuations are vulnerable to sharp corrections if the underlying AI capabilities disappoint, yet buyers currently lack a reliable, independent way to verify if a company's AI is real before a deal is signed.

The solution

We measure actual AI substance rather than the label, utilizing definitions anchored in EU law to classify companies as AI-native, AI-enabled, or merely AI-labelled. By benchmarking target prices against similar non-AI "twin" deals, we provide evidence to help buyers determine if the AI is real and actually worth the premium price. Ultimately, our goal is to serve as the standard "second opinion" for technology M&A deals, delivering a clear, one-page report that flags risks in plain words—such as a lack of AI engineers or missing technical details