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Alt-X

Automation for institutional-grade financial modeling in Excel

Private-market investing still runs on Excel. Every year, trillions of dollars in venture, real estate, and private-equity capital are underwritten through manual spreadsheet work — copying data from PDFs, CIMs, and data rooms into brittle models that haven’t fundamentally changed in decades. Alt-X is building the AI infrastructure layer inside Excel for alternative assets. We ingest unstructured deal materials and automatically turn them into clean, auditable Excel models. Analysts can go from raw documents to a working underwriting model in minutes instead of rebuilding spreadsheets cell by cell. Alt-X extracts and maps key KPIs like ARR, growth, NOI, IRR, leverage, and cap rate directly into Excel, then generates institutional-grade models, sensitivities, and IC-ready outputs that remain fully editable and transparent. Teams using Alt-X reduce deal evaluation timelines by up to 70%, save 30–50 analyst hours per deal, and screen 4× more opportunities with the same headcount. By automating extraction, modeling, and error detection inside Excel, Alt-X turns underwriting from a manual bottleneck into a scalable workflow. Our first wedge is real estate and private equity, where Excel underwriting is slowest and most painful. We’re already piloting with family offices and private funds managing over $200M in assets. Alt-X is priced as a SaaS product starting at $30/month, with higher tiers for teams and advanced workflows. The opportunity is massive: over $1.4T in private-market deals are underwritten globally each year, with $25–30B spent on diligence and analytics — nearly all of it manual and Excel-based. Alt-X’s mission is to become the operating system for private-market investing inside Excel — the Bloomberg Terminal of the AI era.
Active Founders
Ryan Samadi
Ryan Samadi
Founder
Ryan Samadi is the Co-Founder and CEO of Alt-X, building AI infrastructure for financial services. Before Alt-X, he worked at Citadel’s commodities fund. Ryan also studied Computer Science at Stanford, focusing on AI, where he also led a hedge-fund investing program. He founded Alt-X after seeing how even the most sophisticated investors still rely on Excel and manual analysis—and is now building the platform that will replace it.
Michael Wachsman
Michael Wachsman
Founder
I am Co-Founder and CTO at Alt-X, where I lead engineering and architecture to build AI infrastructure for private-market investing. I joined because I saw how much manual analysis and fragmented deal data slow down investment teams, and now I’m focused on rethinking how this industry works from the ground up.
Alt-X
Founded:2024
Batch:Fall 2025
Team Size:2
Status:
Active
Location:San Francisco
Primary Partner:Garry Tan