NewX-Ray officially launched: full technical due diligence in 1 business day
Venture capital

Move on the best deals faster.

Instead of a three-to-six-week due diligence process, get full product, tech and AI due diligence in one business day, and price the deal with confidence, not guesswork.

300+Engagements
100%Partner repeat rate
24hTurnaround

Scaleflow

Verdict

Proceed with confidence

Architecture

98%/100

Security

84%/100

Code quality

63%/100

AI Readiness

92%/100

Top Findings

312 checks

Security

Improving

Secrets rotated across 3 services

Adequate

Architecture

Stable

Monolith modularized; clean domain boundaries

Weak

Risk

Improving

Single-point CI dependency — remediation planned

Strong

AI

Declining

Eval pipeline in place, model versioning tracked

Adequate

Code Quality

Improving

Minor code duplication identified; refactoring planned

Strong

Trusted by 40+ European funds to get deal conviction faster

Fortino Capital
No Such Ventures
Curiosity
Shift Invest
Pymwymic
Newion
ECBF
Connected Capital
Peak
ICOS Capital
ROM Utrecht Region
Smartfin
How it works

Full AI-powered audit. Operator-verified. One day.

The X-Ray runs full product, technical and AI due diligence against the target’s live codebase.

  1. 20 minutes

    Step 1

    Setup

    The target connects a read-only repository in under 30 minutes, and you add your investment thesis, key questions, and any dataroom docs.

  2. Automated

    Step 2

    AI Scan

    Our AI runs 250+ checks across architecture, security, delivery, AI readiness, and code quality.

  3. Same day

    Step 3

    Operator Review

    Experienced operators who’ve built software companies verify every finding.

  4. 1 Business day

    Step 4

    Deliver Reports

    Two reports, one business day. An IC-ready summary for your deal team and a full technical report for the company.

Why it works

Everyone claims AI. We check whose is real.

Wrappers dressed as moats, prompts called models, demos that hide production gaps. The X-Ray tells you whether the AI is genuinely defensible, an enabler, or a story, before you underwrite the bet.

Example report

Download real X-Ray reports.

Two full reports from an anonymised deal.

Download example reports
Confirmatory Due diligence

Confirmatory due diligence for deals that warrant deeper scrutiny.

Confirmatory DD builds on the X-Ray findings with operator-led interviews across vision, strategy, product, process, and technology.

Average 1–2 weeks from the X-Ray verdict · mostly remote, on-site when the deal warrants it

  • Structured operator interviews

    With the CTO and lead engineers, across all levels of the organisation.

  • Architecture deep-dive

    A full system walkthrough rather than a document review.

  • An expanded X-Ray

    Deeper checks across more pillars.

What we assess

Our confirmatory due diligence process assesses six pillars, end to end. Every pillar gets a verdict, not just a list of observations.

Vision

Commercial context and company direction, the lens everything else is assessed through.

Strategy

How product and technology choices map to the commercial opportunity and market position.

Product

Roadmap quality, delivery against customer value, ROI tracking, and process maturity.

Process

How the organisation builds, ceremonies, delivery rhythm, inflow of work, team structure.

Tech

Code, architecture, infrastructure, security, testability, compliance, and lifecycle costs.

ROI

Post-funding return on product and tech spend, where value is created and where it is lost.

Optional add-on

Our process for confirmatory technical due diligence

Average one to two weeks for confirmatory work; the X-Ray itself lands in one business day. Here’s how it happens:

  1. 01

    RFI + interview plan

    You

    Builds on the X-Ray findings. A short RFI fills the remaining gaps, then we align on who to interview and when.

  2. 02

    Target interviews

    Together

    One day across vision and strategy, product and process, technology, at all levels of the organisation.

  3. 03

    Reporting

    Scaleflow

    An IC-ready report with verdict, risk rating, and prioritised findings. Investor and technical versions included.

  4. 04

    Debrief

    Together

    We walk your deal team through the findings and, if useful, the company. Questions welcome.

What you receive

Three deliverables, a single complete picture

For your deal team

Investor report

Verdict, risk rating, and the findings that matter most for your IC. No technical background required.

  • Investment risk assessment
  • Technical debt quantified
  • Key-person risk
  • AI readiness
  • Deal recommendation
For the company

Technical report

Full findings with prioritised, actionable advisories and benchmark comparisons.

  • Deep-tech findings
  • Architecture and code quality
  • Security posture
  • Velocity benchmark
  • Remediation roadmap
Extra

Technical details & proof

Learn where all the findings come from, how we identified them, and how they relate to other aspects of your product and technology.

  • Legal risk flags
  • Contractual exposure
  • IP and licensing
  • Team continuity
Meet the team

Built by founders and CTOs who’ve scaled companies before.

The people reading the code are operators: they have built and scaled software companies themselves, and review every finding before it reaches you.

  • Wilco Van Duinkerken

    Wilco Van Duinkerken

    Founder & CTO

  • Wouter Neyndorff

    Wouter Neyndorff

    Founder & CEO

  • Jurrie Spoelstra

    Jurrie Spoelstra

    VP Customer Success

  • Thijs Jung

    Thijs Jung

    Tech Lead EMEA

  • Indroneel Ray

    Indroneel Ray

    Tech Lead Asia

Customer stories

What CTOs and Partners say

“Their technical due diligence supports our scale-up investments by providing a clear assessment of whether the technology and product organization can scale effectively.”
Isabelle LaurencinPartner · ECBF
“Technical due diligence earlier in the process changes things, it unlocks deal speed. We put down high-valued term sheets with more confidence and use tech DD not only as confirmation, but to pay up for the quality now that we know what's really under the hood.”
Mathijs de WitManaging Partner · Newion
“Whether it's SaaS or AI, their assessment cuts through to what actually matters technically.”
Wouter GoossensPartner · Fortino Capital
“Good tech DD doesn't end at the summary. They engage with the real questions.”
David ZwagemakerPartner · Peak Capital
Security & trust

Built for sensitive data, confidential by design.

  • ISO 27001
  • SOC II
  • GDPR

ISO 27001 · SOC 2 Type II · Audits in progress

  • Confidential

    Every engagement is covered by NDA. Your product, tech and AI reality stays between us.

  • No data retained

    Source code and dataroom content is analysed in-context. Nothing is stored or shared after the engagement ends.

  • Secure dataroom

    Integration reads only what it needs. Access is scoped, auditable, and revocable at any time.

Get started

Tell us about your deal and we’ll scope the right approach.