# Pulley vs Shareworks: which do AI models recommend for cap table management, October 2026

Finance AI Recommendation Index, October 2026 Edition, Cap table management. Two of fourteen models named Pulley first on the direct prompt; zero named Shareworks. Page: https://finance-ai-index.com/corporate/cap-table-management/pulley-vs-shareworks/

| | First-choice share | Rank | Negative rate | Labels | Models naming it |
|---|---|---|---|---|---|
| Pulley | 18% | #2 of 10 | 39% | 66 | 14 of 14 |
| Shareworks | 2% | #7 of 10 | 24% | 29 | 13 of 14 |

## The direct prompt, model by model

- DeepSeek V4 Flash: pulley first (first choices: Carta, Pulley) (alternatives: Shareworks)
- Kimi K2: pulley first (first choices: Cake Equity, Pulley) (alternatives: Eqvista, Ledgy)
- Claude Haiku 4.5: neither first, one named (first choices: Qapita) (alternatives: Cake Equity, Carta, Pulley)
- GPT-5.4 mini: neither first, one named (first choices: Carta) (alternatives: Eqvista, Ledgy, Shareworks)
- Perplexity Sonar: neither first, one named (first choices: Carta) (alternatives: Cake Equity, Pulley, Qapita)
- Grok 4.1 Fast: neither first, one named (first choices: Carta) (alternatives: Ledgy, Pulley)
- Mistral Small: neither first, one named (first choices: Qapita) (alternatives: Ledgy, Pulley)
- Qwen 3.7 Flash: neither first, one named (first choices: Carta) (alternatives: Pulley, Qapita, Shareworks)
- GLM 4.7 FlashX: neither first, one named (first choices: Carta) (alternatives: Fidelity Private Shares, Pulley, Qapita)
- MiniMax M2.5: neither first, one named (first choices: Cake Equity, Qapita) (alternatives: Carta, Shareworks)
- GPT-6 Luna: neither first, one named (first choices: Carta) (alternatives: Shareworks)
- Gemini 3.5 Flash: neither named (first choices: Carta) (alternatives: Ledgy, Mantle, Qapita)
- Llama 4 Maverick: neither named
- Muse Glimmer 30B: neither named (first choices: Carta) (alternatives: Cake Equity, Ledgy, Qapita)

## What the models said about Pulley

- "Pulley is closing - The platform announced it will cease operations on December 8, 2026 ... If you're considering Pulley, you'll want to evaluate Carta or other alternatives." (MiniMax M2.5, comparative prompt, hard negative)
- "Pulley — caution right now because it announced it is shutting down, with final day of operations/services on December 8, 2026." (GPT-5.4 mini, negative prompt, hard negative)
- "Pulley — avoid for a new setup; migrate if you're already a customer. Pulley has announced it will end operations on December 8, 2026." (GPT-6 Luna, negative prompt, hard negative)
- "My specific recommendation for most mid-market B2B companies: ... Pulley offers the best balance of capability, price transparency, and ease of use." (DeepSeek V4 Flash, direct prompt, first choice)
- "Pulley has emerged as the primary challenger to Carta. It is designed specifically for high-growth startups moving through multiple funding rounds." (Qwen 3.7 Flash, comparative prompt, first choice)
- "Start with Cake Equity or Pulley—both offer the right balance of features" (Kimi K2, direct prompt, first choice)

## What the models said about Shareworks

- "more appropriately sized than enterprise-first options like Shareworks / Morgan Stanley at Work... Choose Shareworks only if you are already at enterprise complexity" (Perplexity Sonar, paraphrase prompt, soft negative)
- "it's worth a caution for startups specifically ... clunky and overkill for pre-Series-B companies" (DeepSeek V4 Flash, negative prompt, soft negative)
- "If you are an early-stage or mid-stage startup, Shareworks is generally considered a poor fit." (Gemini 3.5 Flash, negative prompt, soft negative)
- "Shareworks by Morgan Stanley at Work is the mid-market to enterprise benchmark for compliance-oriented administration." (Muse Glimmer 30B, paraphrase prompt, first choice)
- "The traditional "enterprise" heavyweights. If you are actively on the road to an IPO within the next 12–18 months, these platforms excel ... though they can be slow to implement." (Gemini 3.5 Flash, scale prompt, alternative)
- "Choose Shareworks if you want a more enterprise/finance-led platform and can tolerate a heavier implementation." (GPT-5.4 mini, direct prompt, alternative)

Share is the count of first choices across the direct, paraphrase, budget and scale prompts over all fourteen models, for a mid-market B2B company; rank is within the category. Comparisons are drawn for the top eight products in each category. Published under CC BY 4.0; the output is the models' output, and nothing here is a recommendation by the index.