How Private Equity Is Rethinking AI & Tech Due Diligence (According to Code & Co.)

How Private Equity Is Rethinking AI & Tech Due Diligence (According to Code & Co.)

June 17, 2026 · 1h 24m

About this episode

This episode discusses how private equity firms are adapting their tech due diligence processes in light of AI advancements, featuring insights from Code & Co.

Artificial intelligence is changing the rules of software investing, forcing private equity firms to adapt quickly and carefully. In this episode, we're joined by the team from Code & Co., one of the leading AI and tech due diligence firms serving private equity investors, to discuss how AI is transforming the way software companies are evaluated before a deal closes. Jim sits down with Code & Co. Managing Partners Dan Bender and Lukas Ingelheim along with Head of North America Kirby Montgomery to explain why tech due diligence is no longer just a checkbox exercise. Dan, Lukas and Kirby walk us through real-world examples of overengineered software, cloud optimization opportunities worth millions of dollars, and how PE firms can identify companies that are positioned to thrive rather than become the next commoditized AI feature. Whether you're a private equity investor, software executive, operating partner, founder, or technology leader, this episode offers a practical look at what separates durable software businesses from those at risk of being disrupted. About Code & Co.: Founded in 2016, Code & Co. has close to 1000 engagements behind them for more than 200 global funds…

People in this episode

Host: Jim Milbery

Guests: Dan Bender, Lukas Ingelheim, Kirby Montgomery

Topics covered

Mentioned in this episode

Organizations: Code & Co.

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