Finance AI Index
Index Vendors › Carta · September 2026 Edition
3 categories · Ranked

Carta

232Judge labels
57First choices
64Negative labels
12 of 12Models named it
3Categories
September 2026 Edition. Every number here is derived from the raw labels under vendor table vv2026-09.2, every buyer segment counted.
Best standing
44% in Cap table management for mid-market buyers
Rank 1 of 41 in the mid-market standingendorsed leader
11 of 12 models made it the first choice on the direct prompt; 22% of its 65 labels there were negative.
By buyer segmentStrongest at mid-market.
In cap table management · each standing computed within its segment · bars are 0 to 100 · the accent bar is the product's own best reading

Standing by category

Every category where a model named Carta for a mid-market B2B company. Share is first choices across the direct, paraphrase, budget and scale prompts; rank is within every product named in that category.
CategoryFunctionShareRankNegative rateLabelsQuadrant
Cap table managementEquity and corporate44%1 of 4122%65endorsed leader
Board and investor reportingPlanning and analysis9%3 of 9712%8under 10 labels · led by OnBoard at 25%
Entity managementEquity and corporate3%8 of 870%8under 10 labels · led by Athennian at 18%

Movement

This is the first edition on this tier, so no move can be computed for Carta yet. From the next edition this section shows, per buyer segment, whether its share moved by more than the measured noise floor.

By model

How each model treated Carta across every prompt where it was named for a mid-market B2B company. Twelve models, six prompts per category.
ModelFirst choiceAlternativeMentionNegativeLabels
Claude Haiku 4.520114
GPT-5.4 mini31026
Gemini 3.5 Flash40026
Perplexity Sonar21014
Grok 4.1 Fast53019
Mistral Small40318
DeepSeek V4 Flash530210
Llama 4 Maverick22206
Qwen 3.7 Flash41027
Kimi K252018
GLM 4.7 FlashX31015
MiniMax M2.542118

By framing

Which of the six questions produced the naming. By model says how often; this says asked what. The first-choice count on the right carries the marks of the models that produced it.
FramingLabels by classFirst choices
Direct39 labels24
Paraphrase49 labels16
Comparative51 labels26not counted in share
Budget-constrained34 labels10
Scale-constrained27 labels7
Negative32 labelsNone
First choiceAlternativeMentionNegative232 labels in all, every segment counted; 57 of the 83 first choices count toward share, since the comparative and negative framings do not. The bar is one segment per label class, to scale within the framing.

What the models said for it

Verbatim evidence the judge attached to positive labels.

“Carta (Scale/Enterprise Tier): The institutional default... highly capable for late-stage secondary transactions, but it is also the most expensive and has faced scrutiny over aggressive pricing hikes.” Gemini 3.5 Flash · Cap table management · scale prompt · first choice
“I'd suggest starting with Carta if you need comprehensive equity and investor management, or Aleph if your priority is streamlining board reporting” MiniMax M2.5 · Board · paraphrase prompt · first choice
“The industry standard... the platform that virtually every institutional investor, auditor, and law firm recognizes as the *authoritative* equity record.” DeepSeek V4 Flash · Cap table management · comparative prompt · first choice
“Institutional trust & full compliance depth | Carta... you'll likely end up there for credibility and compliance depth despite the cost” DeepSeek V4 Flash · Cap table management · direct prompt · first choice

And against it

Verbatim evidence attached to negative labels. A warning on a product with few labels is a warning; on a product with many, it is one voice among them.

“Skip enterprise tools like Carta's paid plans (Build/Grow can run $3,000–$12,000/year” DeepSeek V4 Flash · Cap table management · budget prompt · hard negative
“Several industry voices explicitly recommend *not* working with Carta.” Kimi K2 · Cap table management · negative prompt · hard negative
“Avoid Carta for core trust reasons” DeepSeek V4 Flash · Cap table management · negative prompt · hard negative
“High costs... complaints of 4x rate hikes, opaque billing, and cancellation friction... Trust issues... early startups often find it overkill and pricey.” Grok 4.1 Fast · Cap table management · negative prompt · soft negative

Named alongside

The products named in the same answers as Carta, over the 230 answers that named it. Took the first choice instead counts the answers where the other product was the first choice and Carta was named but was not.
ProductSame answerTook the first choice insteadHead to head
Pulley161 of 23027Not in the top three
Ledgy99 of 2301Not in the top three
Cake Equity88 of 23015Not in the top three
Shareworks85 of 2309Not in the top three
Fidelity Private Shares27 of 2300Not in the top three
EntityKeeper22 of 2305Not in the top three
Mantle21 of 2308Not in the top three
J.P. Morgan Workplace Solutions21 of 2306Not in the top three
A head-to-head page exists where both products are in a category's top three. The other rows are the same fact without a page behind them, so they link to the product instead.

What carried it into the answer

The sites and pages cited by the answers that named Carta. A fact about retrieval, not a lever on the model.

Citations exist only for the models that return a source list, four of the twelve in this edition, so these counts come from 197 of the 230 answers that named Carta and are not a share of its labels.

Domains cited

cakeequity.com119
guideflow.com94
worldmetrics.org82
qapita.com81
waveup.com81
eqvista.com79
valueaddvc.com73
carta.comYour site60
pulley.com56
ctacquisitions.com54

719 of the 779 domain citations in answers naming Carta came from somebody else's page.

Pages cited

Pages are listed as the models cited them.

Names read as Carta

What the judge wrote, as written, with how often. The vendor table decides that these count as Carta; a claim can dispute any of them.
Carta Launch 9Carta Go 1Carta's paid plans 1
Is this your product?

Claim this page

Claiming is free and changes nothing in the data. A claimed page shows a verified contact who is told when each edition publishes and when Carta's standing changes by more than the noise floor; the right to propose corrections to the vendor table, meaning names the judge wrote that should or should not read as Carta, applied by version and listed in the change log; and a one-line description supplied by the vendor and marked as such.

It does not get any change to labels, shares or verdicts, any preview, or any say over which quotes appear. A verification link goes to your work email; an address at carta.com is approved on the spot, any other address is reviewed by hand.

Your name and company appear on the claimed page, or the company alone if you ask below. A title and a LinkedIn address appear there too if you give them, and are left off if you do not. Your email address is never published.