- Due Diligence
- Verified by vendor
Sema gives investors and acquirers a structured view of software assets across the deal lifecycle, combining code-level due diligence scans with AI-built executive reports on AI defensibility and strategy execution.
Sema provides AI-supported software asset assessments for investors and acquirers: Comprehensive Codebase Scans for technical due diligence (code quality, security, IP risk, GenAI usage, process and team maturity) and Liz Reports, AI-built executive reports that score AI defensibility, product defensibility and strategy execution, benchmarked against 200 public software companies. Sema serves M&A practitioners across the deal lifecycle. Comprehensive Codebase Scans are the established leader in codebase assessment for technical due diligence, helping investors and acquirers understand software health and risk before and after transactions. Liz Reports extend the same evidence base upward: Liz, Sema's AI agent, reads a company's code, tickets and strategy documents and produces executive-grade answers – is the product defensible against AI disruption, is the team building what the strategy says, which adjacent markets are actionable – used in diligence, portfolio monitoring and exit preparation.
Key Features
Comprehensive Codebase Scans – one-time or continuous assessments covering code quality, security, IP risk, process quality and team quality, including a GenAI Code Bill of Materials and usage heat maps.
Liz Reports – AI-built reports for deal and portfolio questions: AI defensibility, product defensibility, adjacent-market mapping and strategy-versus-execution alignment, each an interrogable score benchmarked against 200 public software companies.
Due diligence deliverables – detailed reports and SBOMs that inform investment and M&A decisions, including required remediation.
Broad investor adoption – used by 7 of the 9 largest global investors; has evaluated codebases of organisations collectively valued at over 1T USD.
AI Capabilities
Codebase Scans include a GenAI Code Bill of Materials flagging regulatory and licensing exposure from AI-generated code, with five-pillar analysis: Code Quality, Code IP Risk, Code Security, Process Quality, Team Quality. Liz, Sema's AI agent, reads code, tickets and strategy documents to score AI defensibility, AI adoption and strategy execution – a rating that can be interrogated, re-run and tracked over time. Used to evaluate USD 1T+ of software organizations.
Integrations
Reads code repositories and work-tracking systems on a read-only basis; outside-in reports require no system access at all. Deliverables integrate into deal and investor workflows as reports and data feeds.
More Information
Sema serves M&A practitioners across the deal lifecycle. Comprehensive Codebase Scans are the established leader in codebase assessment for technical due diligence, helping investors and acquirers understand software health and risk before and after transactions. Liz Reports extend the same evidence base upward: Liz, Sema's AI agent, reads a company's code, tickets and strategy documents and produces executive-grade answers – is the product defensible against AI disruption, is the team building what the strategy says, which adjacent markets are actionable – used in diligence, portfolio monitoring and exit preparation.
What sets it apart
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Two complementary product lines: code-level scans and executive-level AI reports.
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Opinionated, comparable scores benchmarked against 200 public software companies, not raw dashboards.
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Combination of AI and expert analysis, trusted by leading global investors.
Key Facts
- Category
- Due Diligence / Diagnostics (codebase scans and AI-built company reports)
- Founded
- 2017
- Pricing
- Subscription / engagement – subscriptions for continuous monitoring; per-engagement pricing for diligence scans and Liz Reports; specific pricing is not public.
- Deal Stage
- Strategy, Transaction, Integration
- Target Market
- Corporate M&A, Private Equity, Venture Capital, Strategic Buyers, Investment Banks / M&A Advisers
