PitchBook Data, Inc. is a SaaS company - now part of Morningstar - that delivers data, research, and technology covering the private capital markets, including venture capital, private equity, and M&A transactions.

To collect its data, PitchBook uses machine learning and natural language processing technology to review publicly available sources. It also has a team of more than 600 quality assurance researchers who conduct primary research.

The company's core product, the PitchBook Platform, is a subscription-only database that includes analytical tools that help users make sense of the information it collects on companies, investors, deals, mergers and acquisitions, funds, advisors, and people. The company also provides commentary and analysis of current events, trends, and issues relevant to the capital markets through its daily newsletter and quarterly reports.