Peony

Peony, founded in 2021 by Deqian Jia and trusted by 6,800+ customers including Jefferies, Bank of America, Clayton Dubilier & Rice, and Regeneron, is a virtual data room platform for securely sharing documents with page-level analytics, NDA-gated access, AI-powered Q&A, e-signatures, and deal workflows for M&A, due diligence, and fundraising. NDA-gated access requires signed NDAs before document viewing with audit trails, page-level analytics track which documents recipients viewed and time spent, and dynamic watermarking overlays per-viewer identity and timestamps on every page. AI-powered Q&A supports internal and external document workflows, e-signatures provide legally binding signing with AI-powered field detection, and screenshot protection blocks captures of sensitive materials.