Key Takeaways

• Inveniam Capital Partners acquired Docugami, the business document intelligence company founded by XML co-creator Jean Paoli, on November 11, 2026.

• The deal combines Docugami's DGML document understanding with Inveniam's NVNM Chain and InveniamIO control plane to make each fact in a private-market document verifiable.

• Jean Paoli becomes Inveniam's chief product and technology officer and leads the combined company's technology teams.

• Docugami keeps serving its existing customers with the same team and continues to operate from Kirkland, Washington.

• DGML stays an open initiative, with documentation at dgml.io and the code at github.com/dgml-io.

Acquisition combines Docugami’s unsurpassed DGML document understanding with InveniamIO and NVNM Chain to verify financial data and unleash the economic potential of private markets

The companies will host an interactive livestream at 14:00 UTC/9:00 EST, Thursday, November 12

Inveniam Capital Partners (“Inveniam”), the digital data infrastructure company for private markets, today announced it has acquired Docugami, the business document intelligence pioneer founded by Jean Paoli, the co-creator of the XML document standard and former President of Microsoft’s open-source subsidiary.

“With this acquisition, we will deliver the missing infrastructure for pricing, trading, and financing private-market assets,” said Patrick O’Meara, Chairman and CEO of Inveniam Capital Partners. “Docugami’s DGML turns hundred-page business documents into named, addressable facts, and NVNM Chain and our InveniamIO control plane make each of those facts provable while keeping them secure and confidential. Together, Inveniam and Docugami will create the native language for AI agents working with unstructured documents.”

“The world’s most important business decisions are based on documents that machines have never been able to interpret properly,” said Jean Paoli, CEO of Docugami. “We are building DGML as the open document format standard for AI agents. As we join forces with Inveniam, I am more excited than ever that we will achieve our vision of AI document intelligence at scale.”

Inveniam and Docugami will host an interactive livestream on X.com and YouTube Thursday, November 12, at 14:00 UTC/9:00 EST for a live demo, discussion and community questions. The livestream will include O’Meara, Paoli, and John Patrick Mullin, former CEO and founder of Mantra, which Inveniam acquired earlier this year.

The livestream can be accessed at: https://x.com/NVNM_Chain/status/2119698943546397120

How did the Inveniam and Docugami partnership become an acquisition?

Inveniam's acquisition of Docugami deepens the relationship between the two companies, which formed a strategic partnership earlier this year. In that partnership:

• DGML. Docugami made DGML, the technical foundation of its document intelligence platform, openly available.

• NVNM Chain. Inveniam committed to anchor DGML-extracted data elements on NVNM Chain, its sovereign Layer 1 blockchain built specifically as accountability infrastructure for agentic workflows and verifiable private market data.

The two companies co-founded the DGML open initiative, published extensive documentation, and invited partners, customers, developers, and standards bodies to use DGML, contribute ideas, and report issues at www.dgml.io and www.github.com/dgml-io.

“Together, we are committed to developing DGML into an open standard, with the community at the center of our work,” said Paoli.

What problem do Inveniam and Docugami solve for private markets?

Inveniam and Docugami solve the verification problem in private-market data: the figures behind private asset valuations cannot be traced back to the source documents they came from.

Trillions of dollars in private-market assets — commercial real estate, private credit, infrastructure, and private asset funds — are valued based on leases, appraisals, loan agreements, operating statements, and other complex business documents.

Until now there has been no practical way for an investor, auditor, or counterparty to verify where any individual figure came from, or whether it has been changed since the source document was finalized.

As AI agents take on more of the work of evaluating financial transactions and verifying asset information, it is vital that the data behind private asset valuations is accurate, secure, and verifiable.

Inveniam's verifiable data architecture has three parts:

• DGML is Docugami’s industry-leading document understanding, which turns business documents into named, addressable facts.

• NVNM Chain provides element-level anchoring for each of those facts.

• InveniamIO is the control plane that keeps each element continuously current and permissioned.

Together, DGML, NVNM Chain and InveniamIO address this critical need for private asset markets, without any party ever relinquishing source custody.

With Inveniam’s acquisition of Docugami, Paoli will become Inveniam’s chief product and technology officer, leading the technology teams of the combined company.

Docugami will continue to provide the highest level of service to its existing customers with the same world-class deep technology team, and will continue to operate from Kirkland, WA.