In venture capital, due diligence separates the winners from the losers. Yet traditional due diligence is painfully slow: weeks of manual research, spreadsheet modeling, and report writing. What if you could compress that into hours while maintaining institutional-grade rigor?
That's exactly what K-Dense Web delivers. In this post, we'll walk through two real case studies: CoreWeave (a $19B+ GPU infrastructure company) and Ramp (a $32B fintech platform). Both analyses were completed end-to-end by K-Dense Web, producing comprehensive investment memos ready for IC review.
The Due Diligence Challenge
Investment committees need answers to critical questions:
- Market sizing: How big is the opportunity? What's the TAM/SAM/SOM trajectory?
- Unit economics: Do the numbers work? What are the margins and payback periods?
- Competitive positioning: What's the moat? How defensible is the business?
- Risk assessment: What could go wrong? How do we stress-test the thesis?
Traditional approaches require analysts to manually:
- Research market data across dozens of sources
- Build financial models from scratch
- Create competitive analyses and risk matrices
- Write lengthy investment memos
- Design visualizations for IC presentations
K-Dense Web automates this entire workflow.
Case Study 1: CoreWeave Due Diligence
Company: CoreWeave, Inc.
Sector: GPU-as-a-Service / AI Infrastructure
Valuation: $19B+ (January 2026)
The Analysis Request
A single prompt to K-Dense Web:
"Conduct comprehensive VC due diligence on CoreWeave. Include market sizing, unit economics modeling, competitive analysis, and risk assessment. Generate an investment memo with recommendation."
What K-Dense Web Delivered
K-Dense Web executed a four-step analysis workflow:
- Market Sizing & Competitive Analysis: TAM/SAM/SOM projections (2024-2030), competitive pricing comparison across 7 providers
- Unit Economics Modeling: Per-GPU financial model with 88 utilization scenarios
- Risk & Supply Chain Analysis: Quantitative risk matrix, customer concentration analysis, Porter's Five Forces
- Final Visualization & Reporting: Executive dashboard, investment memo, recommendation synthesis
Total execution time: < 2 hrs.
Key Findings: The Investment Thesis
Figure 1: CoreWeave investment thesis overview generated by K-Dense Web
K-Dense Web identified a CONDITIONAL GO recommendation with the following key metrics:
| Metric | Value | Assessment |
|---|---|---|
| TAM CAGR (2024-2030) | 33.4% | Strong market tailwind |
| Gross Margin | 74-80% | Excellent unit economics |
| Cash Payback | 42-59 months | Within asset life |
| Critical Risks | 1 (NVIDIA dependency) | Requires mitigation |
| Expected Return | 2-3x (probability-weighted) | Attractive |
Market Opportunity Analysis
The platform modeled the AI infrastructure market growing from $62B (2024) to $350B (2030):
Figure 2: TAM/SAM/SOM market sizing funnel with 6-year projections
Competitive Positioning
K-Dense Web benchmarked CoreWeave against hyperscalers and specialized providers:
Figure 3: Competitive positioning analysis - CoreWeave vs. hyperscalers and specialists
Key finding: CoreWeave maintains a 35-83% pricing advantage below AWS, Azure, and GCP while offering specialized GPU infrastructure.
Unit Economics Deep Dive
The financial model analyzed per-GPU economics across 88 scenarios:
Figure 4: Probability-weighted investment scenarios (Bull/Base/Bear)
| Utilization | Gross Margin | Cash Payback |
|---|---|---|
| 65% | 74.9% | 59.2 months |
| 70% | 76.4% | 53.9 months |
| 85% | 79.7% | 42.6 months |
Risk Assessment
K-Dense Web identified NVIDIA allocation as the single critical risk:
Figure 5: Quantitative risk matrix with 10 identified risks
Critical risk (Score 20/25): NVIDIA controls GPU allocation. Supply constraints could limit CoreWeave's growth capacity.
The Executive Dashboard
Every K-Dense Web due diligence package includes a consolidated executive dashboard:
Figure 6: Four-panel executive dashboard for IC presentation
Download the Full Report
Download CoreWeave Due Diligence Report (PDF)
Case Study 2: Ramp Due Diligence
Company: Ramp Technologies, Inc.
Sector: Corporate Card & Spend Management
Valuation: $32B (November 2025)
The Analysis Request
"Conduct comprehensive VC due diligence on Ramp. Analyze market sizing, competitive positioning, unit economics, and risks. Generate an investment memo with valuation scenarios."
What K-Dense Web Delivered
A complete 44-page investment analysis including:
- Executive summary with investment recommendation
- TAM/SAM/SOM analysis ($50B+ market)
- Competitive benchmarking against Brex, Bill.com, Airbase
- Unit economics deep dive (interchange, SaaS, float revenue)
- IPO readiness scorecard
Total execution time: < 2 hrs.
Key Findings: Strong Buy Recommendation
Figure 7: Ramp investment thesis - AI-first spend management platform
K-Dense Web delivered a STRONG BUY recommendation:
| Metric | Value |
|---|---|
| Revenue | >$1B annualized |
| Growth Rate | 110-133% YoY |
| Total Payments Volume | >$100B annually |
| Customers | 50,000+ (doubled YoY) |
| LTV/CAC Ratio | 25-40x |
| IPO Readiness | 8.3/10 |
Market Sizing
Figure 8: $50B+ market opportunity with segment breakdown
Competitive Positioning
K-Dense Web mapped the competitive landscape across feature breadth and AI sophistication:
Figure 9: Competitive positioning - Ramp leads in AI sophistication
Unit Economics Analysis
The platform dissected Ramp's revenue model and customer economics:
Figure 10: Customer LTV build-up showing exceptional unit economics
Key finding: 25-40x LTV/CAC ratio, among the best in enterprise SaaS.
Growth Trajectory
Figure 11: Ramp customer growth showing enterprise acceleration
Valuation Analysis
K-Dense Web modeled bull, base, and bear scenarios:
Figure 12: Funding and valuation milestones with forward projections
| Scenario | Valuation (2027-28) | Probability |
|---|---|---|
| Bull | $50-60B | 30% |
| Base | $28-35B | 50% |
| Bear | $12-18B | 20% |
Risk Assessment
Figure 13: Ramp risk matrix - interchange regulation identified as primary risk
Primary risk: Interchange fee regulation could compress margins 30-40%.
Download the Full Report
Download Ramp Due Diligence Report (PDF)
What K-Dense Web Delivers for VC Due Diligence
Both case studies demonstrate K-Dense Web's core capabilities:
1. Automated Market Research
- TAM/SAM/SOM modeling with 6-year projections
- Segment breakdown and growth driver analysis
- Source aggregation from industry reports and company disclosures
2. Financial Modeling at Scale
- Unit economics analysis with sensitivity scenarios
- Revenue model decomposition
- Payback period and margin analysis
3. Competitive Intelligence
- Multi-provider benchmarking
- Feature and pricing comparisons
- Moat assessment and Porter's Five Forces
4. Quantitative Risk Assessment
- Risk matrices with probability and impact scoring
- Customer concentration analysis
- Supply chain and regulatory risk modeling
5. Publication-Ready Outputs
- Executive dashboards for IC presentations
- Investment memos with clear recommendations
- Professional visualizations throughout
6. Full Reproducibility
- All analysis scripts included
- Data sources documented
- Methodologies explained
Why VCs Choose K-Dense Web
Speed Without Sacrificing Depth
Traditional due diligence takes weeks. K-Dense Web delivers IC-ready packages in < 2 hrs.
Consistency Across Deals
Every analysis follows the same rigorous framework with no analyst variability.
Institutional-Grade Outputs
Professional reports ready for limited partner sharing, not just internal notes.
Always Up-to-Date
K-Dense Web searches current sources, ensuring analysis reflects the latest market conditions.
Get Started
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Questions about K-Dense Web for investment analysis? Join our Slack community or reach out at contact@k-dense.ai.