Peony
Peony: Low-cost, AI-focused data rooms with permissions, diligence controls and self-hosting. Ranked #26 of 32 in Data Room Software by our editors (6.3/10); pricing: Free plan; best for small teams wanting AI-heavy rooms at low cost.
At a glance
- Editor score6.3 / 10
- PricingFree plan
- Best forSmall teams wanting AI-heavy rooms at low cost
- Free planYes
- Paid from$30/user/mo
- Audit trailYes
- Founded2021
- Facts checked24 Sep 2026
Where it wins
- AI Q&A, auto-indexing, room generation and completeness scoring
- Granular permissions, watermarks, NDAs, audit trails and e-signatures
- Free plan plus cloud or self-hosted deployment options
Where it doesn't
- Enterprise pricing is custom rather than publicly listed
- API access starts on the Deal Team tier
- Advanced redaction is limited to the Deal Team tier
Our verdict on Peony
Peony is a virtual data room and secure document-sharing platform for M&A advisors, investors, founders, legal teams and other organizations handling confidential files. Its rooms provide per-folder and per-file permissions, link sharing, page-level viewer analytics, activity tracking, NDA gating, audit trails, dynamic watermarking and document e-signatures. Peony also supports AI document Q&A, auto-indexing, room generation and completeness scoring, making it suited to small teams that want diligence workflows and AI assistance in one service.
The freemium structure gives teams a way to start with the Free plan, which includes personal shares, CVs, page-by-page analytics, password protection, email capture and three e-signatures per month. Business costs $30 per admin per month with annual billing and adds email authentication, a simple NDA, screenshot protection, AI document Q&A and unlimited e-signatures. Data Room is $52 per admin per month annually, adding dynamic watermarking, an advanced NDA with signed PDF and audit trail, granular permissions, an audit trail, AI Q&A and basic Q&A; it also specifies unlimited storage and file size. Deal Team is $64 per admin per month annually and adds advanced redaction, structured advanced Q&A, API access, OAuth SSO for Google and Microsoft, and priority support. Enterprise adds SAML SSO, self-hosting, custom data residency, BYOK and custom integrations at custom pricing.
AI is the standout differentiator, spanning document questions, indexing, room creation and completeness scoring rather than only search. Security controls extend from password protection and NDA gates to screenshot and screen-recording prevention, watermarking, redaction and audit trails. Google Workspace and Microsoft 365 are the listed integrations, while web, API and self-hosted deployment cover different operating models. Peony fits teams prioritizing AI-heavy diligence at a low entry price; organizations needing broad named integrations or a public Enterprise price should compare alternatives.
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Peony pricing
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Peony fact sheet
| Free plan | Yes |
|---|---|
| Paid from | $30/user/mo |
| Storage included | Not verified |
| Maximum file size | Not verified |
| Audit trail | Yes |
| Document watermarking | Yes |
| Q&A workspace | Yes |
| E-signatures | Yes |
| Mobile apps | Not verified |
| Deployment | Cloud, Self-hosted |
| Platforms | Web |
| Compliance & security | GDPR, HIPAA, 2FA |
| Support | Docs |
| Built for | Solo, Small business, Mid-market, Enterprise (editorial estimate) |
| Integrations | 2 integrations: Google Workspace, Microsoft 365 |
| Pricing | Free plan (source) |
| Website | peony.ink |
| Facts checked | 24 Sep 2026 |
Peony integrations
Peony lists 2 integrations on its own site.
- Google Workspace
- Microsoft 365
Alternatives to Peony
- iDeals Virtual Data RoomBroad deal-room coverage for enterprise transactions, with pricing handled through sales.8.9
- ShareVaultA controlled data room for regulated transactions, with broad storage, signing, and security integrations.8.8
- SS&C Intralinks DealCentreA transaction-focused VDR that adds preparation, outreach, Q&A and AI analysis.8.7
Also Ranked In
Peony is ranked in 2 of our directories.
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Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026
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