Tower is a secure, AI-powered virtual data room (VDR) platform that enables lawyers and M&A teams to build deal-ready data rooms and manage due diligence processes efficiently. Tower serves as a centralized source of truth for request lists, allowing teams to collaborate in real time, create and answer requests, and keep all parties aligned throughout the deal lifecycle.
The platform reduces administrative overhead by allowing clients and counterparties to respond directly within Tower, and users can set automatic reminders for outstanding requests to help ensure deals progress on schedule. Tower integrates with existing data sources such as SharePoint and Google Drive, streamlining the file collection process.
Tower leverages AI to automate critical workflows:
- Automatically organizes uploaded files into folders matching request list items
- Renames files according to user-defined naming conventions
- Summarizes every file—including non-English documents—for quick reference
- Enables analysis of thousands of documents at once, presenting results in detailed tables with transparent source citations
- Can generate deliverables directly from analysis results and surface key insights
- Identifies potential issues (such as document expiration) upon upload
How Was Tower Started?
Tower was co-founded by Noah Walters and Andy Zhang. The company is headquartered in San Francisco, California and is part of the Y Combinator Winter 2024 (YC W24) batch, reflecting its recent entry into the market and focus on innovation within legal and M&A technology.
Who Uses Tower?
Tower is designed for business professionals involved in mergers and acquisitions, particularly lawyers and M&A teams who need to manage complex diligence workflows, collaborate securely, and work with large volumes of documents. While specific customer names are not published, its features address the needs of law firms, investment banks, and corporate development teams seeking streamlined and technology-driven deal management.
What Makes Tower Different?
Tower stands out for its deep AI integration, which automates tedious tasks such as organizing, renaming, and summarizing documents. Its ability to analyze thousands of documents at scale and present clear, sourced tables of results differentiates it from traditional VDRs. Real-time collaboration and integration with common data sources further enhance workflow efficiency for deal teams.
Who Are Tower's Competitors?
Tower operates in the virtual data room and deal management software market, where competitors may include established VDR platforms and diligence tools. However, Tower’s AI-driven capabilities and focus on reducing manual effort set it apart in this competitive space.
Use PromptLoop to Uncover Company Data
Looking for more company insights like this? PromptLoop helps you go deeper, providing unique data points and analysis on companies like Tower and many others. Automate your research and find the information that matters most. Discover how PromptLoop can accelerate your market intelligence. Get A Free Demo to learn more.