Conduit — AI deal sourcing from $300/mo. 30-day free trial.
Request Demo →PitchBook is built for tracking companies that already exist. Conduit is built for finding them before anyone else knows they're coming — scanning research papers, preprints, and patent filings daily.
Scans 4+ daily sources — ArXiv, USPTO patent filings, academic preprints, and lab publications — to surface breakthrough research with commercial potential. AI scores each finding and generates a deal memo automatically.
Comprehensive database of private and public companies, funding rounds, investors, and M&A transactions. Excellent for due diligence on known companies and market mapping of existing sectors.
| Feature | Conduit | PitchBook |
|---|---|---|
| Price | $300–$1,200/mo Month-to-month, cancel anytime |
~$12,000–$20,000/yr Annual contract required |
| Research paper scanning (ArXiv) | ✓ Daily, automated | ✗ Not available |
| Patent filing tracker (USPTO) | ✓ Real-time alerts | — Limited |
| AI opportunity scoring | ✓ 1–10 signal score | ✗ Manual evaluation |
| Auto-generated deal memos | ✓ Per paper/patent | ✗ Not available |
| Pre-startup discovery | ✓ Core use case | ✗ Companies only |
| Researcher profile pages | ✓ h-index, affiliations, papers | ✗ Not available |
| Company funding history | ✗ Not available | ✓ Comprehensive |
| Investor network / co-investor data | ✗ Not available | ✓ Extensive |
| M&A and public market data | ✗ Not available | ✓ Comprehensive |
| CRM pipeline (deal stages) | ✓ Analyst plan+ | ✓ Available |
| Weekly digest email | ✓ Top 10 deals | — Alerts only |
| Free trial | ✓ 30 days, no card | ✗ Demo only |
| Commitment | ✓ Month-to-month | ✗ Annual contract |
While you sleep, Conduit scans ArXiv, USPTO, preprint servers, and lab publications for new research matching your thesis.
You wake up to a prioritized list. Each finding has an AI score (1–10) and a generated memo explaining the commercial angle.
You contact the research team, build the relationship, and position your fund when they're ready to spin out — before they talk to 20 other VCs.
A startup approaches you, or you hear about them via network. At this point they've likely raised a seed round and have multiple VC conversations in progress.
PitchBook shines here — see every investor, every round, every co-investor, comparable companies, and sector benchmarks.
You're now in a process with other funds. The deal terms and your network are what differentiate you — not early discovery.
You invest at research/seed stage and want to find founders before they're pitching. Your edge is early access, not due diligence depth.
Quantum, biotech, materials, energy, climate. Breakthroughs happen in papers years before companies. Conduit tracks the research layer.
You don't have headcount to scan research manually. Conduit is the automated analyst that watches every preprint server and patent filing 24/7.
Later-stage investing where companies are established, funding history matters, and you need comprehensive market and comparable data.
You need sector benchmarks, portfolio benchmarking, or market sizing data for LP reports and investment committee presentations.
Conduit for early discovery and research sourcing. PitchBook for due diligence once a company is formed. Complementary, not competitive.
Most deep-tech VCs hear about breakthroughs months after the research is published.
Conduit puts you at the source — before anyone else is looking.
30-day free trial · No credit card required · Cancel anytime