Altero AI Review 2024: What It Is, How to Use It & Is It Worth It?

Altero AI is a powerful tool that offers a range of features to assist private market investors in their research and evaluation of companies. With its AI-powered capabilities, Altero AI can quickly analyze vast amounts of data from across the web to provide detailed business research on any company. Whether you're looking to source new deals or accelerate your due diligence process, this tool aims to help you make better-informed decisions.

One of the key use cases of Altero AI is its ability to source relevant deals. By leveraging its AI algorithms, the tool can surface high-growth companies in your target market or find similar companies to those already in your portfolio. It tracks and analyzes millions of data points from various sources on the internet, allowing you to discover your next investment opportunity with ease.

Another valuable feature of Altero AI is its ability to accelerate due diligence. The tool generates investment memo-style research reports that provide a comprehensive overview of a company's business model, competitive landscape, and more. What's impressive is that this AI can initiate coverage on any company in just a few minutes, saving you valuable time and effort in your research process.

Now, let's take a look at the pros and cons of using Altero AI. On the positive side, the tool offers a free plan that provides access to a growing library of research. This is a great option for those who want to explore the tool's capabilities without committing to a paid plan. Additionally, the free plan allows up to 10 research requests per month and provides basic search and filtering functionalities.

For users who require more advanced features, Altero AI offers a Starter plan priced at $399 per user per month. This plan includes unlimited research requests, 48 months of historical data, and the ability to see up to 1,000 results per search. It also provides full access to competitor and similar company analysis, as well as industry lists. The Starter plan is suitable for investors who need more comprehensive research capabilities and a higher level of data access.

However, it's worth noting that Altero AI's pricing may be a limiting factor for some users. While the free plan and Starter plan offer valuable features, the Enterprise plan, which includes additional benefits such as company enrichment and scoring, priority support, and bulk export, is only available on a custom pricing basis. This means that users interested in these advanced features will need to contact the Altero AI team for more information on pricing.

In conclusion, Altero AI is a valuable tool for private market investors looking to streamline their research and evaluation process. Its AI-powered capabilities enable users to source relevant deals and accelerate due diligence, saving time and effort. The tool's free plan and Starter plan offer a range of features suitable for different user needs. However, the pricing structure, particularly for the Enterprise plan, may be a consideration for those requiring more advanced functionalities. Overall, Altero AI provides a solid foundation for conducting comprehensive company research, and its expansion into industry research and more in the future holds promise for further enhancing its capabilities.