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Deck raises $12M to ‘Plaid-ify’ any website using AI
Deck, a Montreal-based startup, raised $12 million in Series A funding to create user-permissioned data access across the internet, similar to Plaid. With a total of $16.5 million raised, Deck aims to automate data extraction from websites lacking APIs. Co-founded by ex-Flinks founders, it targets diverse industries and enables developers to streamline data access, enhancing AI and data connectivity.
Key points
- Deck raised $12 million in Series A funding led by Infinity Ventures.
- Co-founded in June 2024 by ex-Flinks founders, Deck aims to provide infrastructure for user-permissioned data access across various online platforms.
- The startup's technology automates data extraction from websites that do not have APIs, helping users connect their accounts easily and securely.
- Deck operates under user consent, ensuring that data access respects privacy and regulations.
- The company has already connected to over 100,000 utility providers globally and plans to expand across other industries.
- Deck's performance-driven pricing model charges clients based on successful API calls.
- The platform has seen a rapid increase in developer engagement, growing connections by over 120% in February alone.
Why it matters
- The rise of user-permissioned data access technologies corresponds with increasing regulatory support for open data practices initiated by open banking.
- Similar startups have emerged, focusing on making data access seamless across various sectors, prompting a competitive landscape.
- The push for AI to use comprehensive and up-to-date non-financial data highlights the significance of Deck’s developments for future AI application.
Deck's $12 million Series A funding positions it as a pivotal player in transforming user-permissioned data access, akin to open banking's impact on financial data, revealing a significant shift towards more comprehensive and user-friendly web data usage.