Reimagining deals for the Age of AI: PwC and ToltIQ enter strategic relationship

PwC's Deals practice and ToltIQ form a relationship to embed purpose-built AI across the deal lifecycle, improving execution for PwC teams, helping clients deploy AI in their own deal processes, and building the next generation of intelligent dealmaking infrastructure.

New York — PwC's Deals practice and ToltIQ, a leading AI platform for private markets due diligence, today announced a strategic relationship to advance AI-enabled deal execution. Under the agreement, PwC becomes ToltIQ's sole professional services advisor, with exclusivity among the Big Four and other professional services firms globally. The relationship brings together PwC's experience across thousands of transactions worldwide and ToltIQ's purpose-built AI platform.

The relationship will focus on three priorities: improving how PwC's global Deals practitioners execute live transactions, helping PwC's clients adopt and govern AI in their own deal processes, and working with ToltIQ's engineering team to extend the platform towards the deals workflow of the future.

“Dealmaking is being reshaped by AI faster than any other part of professional services,” said Kevin Desai, Deals Platform Leader, PwC US. “The firms that lead the next decade will rethink how deals get done around what AI now makes possible. This relationship is a deliberate step for PwC Deals. With ToltIQ, we are committing to a platform, a roadmap, and a clear view of where deal execution is heading.”

“We built ToltIQ to fundamentally change how diligence gets done: faster, deeper, and with institutional memory that can compound across every deal. PwC is the only professional services advisor with the scale, sector depth, and Deals capability set to operationalize that vision at the level our clients expect. What makes this relationship different is conviction: PwC sees where AI-enabled dealmaking is going, and they're investing alongside us to get there first.” — Ed Brandman, Founder & CEO, ToltIQ

Built for the realities of deal execution

M&A timelines continue to compress while data rooms grow in scale and complexity, making it harder for teams to bring the same level of judgment to each issue a transaction presents. ToltIQ has already been used by more than 4,000 PwC Deals practitioners, on 5,000+ deals at PwC, and has processed more than 2 million documents, giving the platform a proven foundation for diligence-grade work. 

Their work in live data rooms give ToltIQ direct insight into what deal teams require to interrogate, where source traceability matters most, and where time savings can improve client outcomes. That experience directly informs the platform’s roadmap, which ToltIQ's engineers translate into platform capabilities. The result is tooling built around how deals are actually executed.

Bringing AI capability directly to clients

As ToltIQ’s exclusive professional services advisor, PwC will help general partners, limited partners, corporate acquirers, and family offices embed ToltIQ-enabled capabilities into their deal processes from design and deployment to training and governance. Because ToltIQ is model-agnostic, it integrates with the AI infrastructure clients have already built, adding capability without displacing existing investments.

For clients, the value is the combination of a proven platform, PwC's transaction experience, and a delivery model focused on how their deal teams work. The relationship is designed to help clients adopt AI with the controls, traceability, and accountability that institutional investors and boards require.

Collaborating on the next generation of deal infrastructure

PwC and ToltIQ will collaborate to extend the platform beyond today's diligence workflows. The goal is to support broader, more connected, and more autonomous deal execution capabilities that allow practitioners to carry a more informed point of view across the transaction. Together, they are building the infrastructure required for AI to operate across the transaction lifecycle.

PwC practitioners will bring domain expertise, live transaction context, and the standards of governance and accountability that institutional dealmaking demands. ToltIQ's engineers will translate that input into platform capabilities. The shared goal is to define what intelligent, governed, end-to-end deal execution looks like, and to be the collaboration that builds it.

ToltIQ's choice of PwC as its exclusive professional services advisor reflects alignment on capability, scale, and direction and a shared view of where AI-enabled dealmaking is headed. 

A deliberate bet on the future of dealmaking

The ToltIQ relationship reflects PwC's broader view of how AI can reshape professional services. Off-the-shelf tools can accelerate parts of today's workflow. In deals, PwC believes the greater value will likely come from platforms built with the practitioners who use them and governed to a standard the market can trust. PwC is choosing to build that future with a small number of collaborators that understand the deal environment, with ToltIQ central to that approach.

To learn more about PwC's technology-enabled Deals capabilities, contact your PwC engagement team or visit pwc.com/us/deals.

About PwC

At PwC, we help clients build trust and reinvent so they can turn complexity into competitive advantage. We’re a tech-forward, people-empowered network with more than 364,000 people in 136 countries and 137 territories. Across audit and assurance, tax and legal, deals and consulting, we help clients build, accelerate, and sustain momentum. Find out more at www.pwc.com.  

© 2026 PwC. All rights reserved.

About ToltIQ

ToltIQ is an AI-powered due diligence platform designed specifically for private markets investment professionals. The company was founded by Ed Brandman, who retired from Kohlberg Kravis Roberts & Co. (KKR) in 2018 after 11 years with the firm, where he served as Partner and Chief Information Officer.

ToltIQ securely ingests deal documents typically found in virtual data rooms while rapidly analyzing and categorizing them to extract critical insights. By combining advanced artificial intelligence with deep private markets expertise, ToltIQ helps investment professionals conduct more thorough, efficient, and accurate due diligence.

ToltIQ provides a secure, single-tenant workspace for each deal, source-linked outputs, and persistent deal context. Its model-agnostic design avoids LLM provider lock-in, and its single-tenant architecture is SOC 2 Type II certified (12 months, zero exceptions), ISO 27001:2022 certified, and GDPR compliant, with zero data retention policies that ensure no deal information is used to train models. 

To learn more, visit toltiq.com.