Evidence note

Software Due Diligence

Practitioner Reference2026Deloitte

What does it cover?

A current professional-services description of software technical diligence and the technical areas assessed in investment and transaction contexts.

Key points

01Technical diligence can examine product capability, architecture, technology stack, technical debt, R&D organisation, open-source use, hosting, cloud, cybersecurity and scalability.
02Technical findings are considered in relation to the investment thesis and expected future value creation.
03Technical diligence is materially broader than aesthetic source-code review.

Why it matters. Lornets interpretation.

The important fundraise question is not how many technical imperfections exist. It is whether material technical constraints undermine claims or growth assumptions that matter to the transaction.

This is the Lornets reading of the source, not a finding of the source itself.

What it does not establish

01This is practitioner guidance from a professional-services firm, not peer-reviewed empirical research.
02It does not establish that every investor performs this depth of diligence.
03It does not establish a causal relationship between a particular technical issue and valuation or fundraising outcome.