# Cap table management for enterprise buyers: what AI models recommend, November 2026

Gane Index, November 2026 Edition. Asked as "cap table management software" and as "equity management platform", six framings each, to fourteen models with search on, on behalf of an enterprise B2B company. Page: https://www.gane.ai/index/finance/corporate/cap-table-management/2026-11/enterprise

**Standing:** Shareworks leads with 32% of first choices; verdict contested. 57 first choices across the direct, paraphrase, budget and scale prompts.

## First-choice share

| Rank | Product | Share | Negative rate | Labels |
|---|---|---|---|---|
| 1 | [Shareworks](https://www.gane.ai/index/finance/vendors/shareworks/index.md) | 32% | 6% | 53 |
| 2 | [Carta Equity](https://www.gane.ai/index/finance/vendors/carta-equity/index.md) | 28% | 30% | 77 |
| 3 | [J.P. Morgan Workplace Solutions](https://www.gane.ai/index/finance/vendors/j-p-morgan-workplace-solutions/index.md) | 9% | 3% | 34 |
| 4 | [Qapita](https://www.gane.ai/index/finance/vendors/qapita/index.md) | 9% | 3% | 30 |
| 5 | [Morgan Stanley at Work](https://www.gane.ai/index/finance/vendors/morgan-stanley-at-work/index.md) | 7% | 0% | 18 |
| 6 | [Ledgy](https://www.gane.ai/index/finance/vendors/ledgy/index.md) | 4% | 15% | 48 |
| 7 | [Eqvista](https://www.gane.ai/index/finance/vendors/eqvista/index.md) | 4% | 42% | 24 |
| 19 | [Astrella](https://www.gane.ai/index/finance/vendors/astrella/index.md) | 0% | 36% | 14 |
| 52 | [AngelList Stack](https://www.gane.ai/index/finance/vendors/angellist-stack/index.md) | 0% | 80% | 10 |
| 53 | [Pulley](https://www.gane.ai/index/finance/vendors/pulley/index.md) | 0% | 62% | 42 |

Rank is by share of first choices among all 53 products named; products with the same share are tied, and the order among them carries no meaning. The table lists those with at least 10 labels.

## Each model's first choice on the direct prompt

- Claude Haiku 4.5: Carta Equity, Morgan Stanley at Work; alternatives Altshare
- GPT-5.4 mini: Carta Equity; alternatives J.P. Morgan Workplace Solutions, Morgan Stanley at Work, Pulley, Shareworks
- Gemini 3.5 Flash: Carta Equity; alternatives Ledgy, Shareworks
- Perplexity Sonar: Morgan Stanley at Work; alternatives Carta Equity, J.P. Morgan Workplace Solutions, Ledgy, Qapita
- Grok 4.20: Carta Equity; alternatives Diligent Equity, J.P. Morgan Workplace Solutions, Ledgy, Morgan Stanley at Work
- Mistral Small: Carta Equity, Qapita; alternatives Diligent Equity, EquityList, Ledgy
- DeepSeek V4 Flash: Carta Equity, Shareworks; alternatives J.P. Morgan Workplace Solutions, Ledgy, Qapita
- Llama 4 Maverick: Ledgy; alternatives Carta Equity, Eqvista, Qapita, SeedLegals
- Qwen 3.7 Flash: Shareworks; alternatives Carta Equity, Equity Methods, Workday Equity
- Kimi K2: Carta Equity; alternatives Eqvista, Shareworks
- GLM 4.7 FlashX: Carta Equity; alternatives Diligent Equity, Equiniti, Morgan Stanley at Work, Qapita
- MiniMax M2.5: Diligent Equity, Eqvista; alternatives EquityList, Nth Round, Pulley
- GPT-6 Luna: Shareworks; alternatives Carta Equity, Ledgy
- Muse Glimmer 30B: Shareworks; alternatives Carta Equity, Certent Equity Management, Slic e

## Sources the answers cite

78 of 84 answers came back with a source list, from 14 of 14 models. Sites named in the most answers:

- carta.com: 47 answers, 77 citations
- equitylist.co: 38 answers, 51 citations
- qapita.com: 37 answers, 51 citations
- resources.rework.com: 31 answers, 40 citations
- g2.com: 29 answers, 49 citations
- guideflow.com: 19 answers, 20 citations
- gane.ai/index: 18 answers, 22 citations
- ledgy.com: 17 answers, 21 citations

Pages named in the most answers:

- https://qapita.com/blog/best-cap-table-management-software (30 answers)
- https://carta.com/best-cap-table-software (25 answers)
- https://equitylist.co/blog-post/best-cap-table-software-2024 (23 answers)
- https://gane.ai/index/finance/corporate/cap-table-management/enterprise (17 answers)
- https://equitylist.co/blog-post/top-5-cap-table-management-software (16 answers)
- https://guideflow.com/blog/cap-table-management-software (16 answers)
- https://resources.rework.com/tools/equity-cap-table/best-cap-table-software-2026 (16 answers)
- https://sliceglobal.com/blog/best-cap-table-software (14 answers)
- https://f6s.com/software/category/cap-table-management (13 answers)
- https://g2.com/categories/equity-management/enterprise (12 answers)

## Warned against

- Pulley: 26 of 42 labels negative. "Pulley also announced it is shutting down and ceasing operations/services on September 15, 2026, so new enterprise adoption would be especially risky." (GPT-5.4 mini, negative prompt)
- Carta Equity: 23 of 77 labels negative. "consistently advise against using it as the primary choice for large enterprises due to concerns about cost, scalability" (Mistral Small, negative prompt)
- AngelList Stack: 8 of 10 labels negative. "stopped accepting new customers in August 2026 and is in the process of sunsetting, making it a poor choice for enterprises" (Mistral Small, negative prompt)
- Eqvista: 10 of 24 labels negative. "Examples (General Category): Tools like *Eqvista*, *Gust*, or entry-level tiers of competitors like *Carta* or *Pulley*. These are often priced for startups" (Qwen 3.7 Flash, negative prompt)

## Movement since October 2026

Floor: 10 points of share, measured on the calibration repeat.
Same leader: Shareworks at 32%.

- Carta Equity: 18% to 28%, +10. Inside the floor by 0 points · rank 2 of 53, unchanged.
- Shareworks: 38% to 32%, −6. Inside the floor by 4 points · rank 1 of 53, unchanged.
- J.P. Morgan Workplace Solutions: 4% to 9%, +5. Inside the floor by 5 points · rank 7 → 3 of 53.
- Pulley: 5% to 0%, −5. Inside the floor by 5 points · rank 6 → 53 of 53.
- Morgan Stanley at Work: 9% to 7%, −2. Inside the floor by 8 points · rank 3 → 5 of 53.
- Eqvista: 2% to 4%, +2. Inside the floor by 8 points · rank 10 → 7 of 53.
- Certent Equity Management: 2% to 0%, −2. Inside the floor by 8 points · rank 9 → 13 of 53.
- Ledgy: 5% to 4%, −1. Inside the floor by 9 points · rank 5 → 6 of 53.
- Qapita: 9% to 9%, ±0. Inside the floor by 10 points · rank 4 of 53, unchanged.
- Astrella: 0% to 0%, ±0. Inside the floor by 10 points · rank 14 → 19 of 53.
- Cake Equity: 0% to 0%, ±0. Inside the floor by 10 points · rank 52 → 42 of 53.
- AngelList Stack: 0% to 0%, ±0. Inside the floor by 10 points · rank 51 → 52 of 53.

## Record

- Method: https://www.gane.ai/index/finance/methodology
- License: CC BY 4.0. Cite as Gane Index, November 2026 Edition, www.gane.ai/index/finance.