A new funding round has provided a boost for a company working to streamline developer access to user-approved data across various sectors. The investment supports ongoing efforts to simplify data retrieval from diverse sources, promising enhanced access for businesses needing accurate and timely information. This initiative is set to benefit industries by improving data connectivity through a robust infrastructure.
Additional reports indicate similar developments in the tech industry, with multiple companies focusing on better data integration tools. Past publications have noted the growing emphasis on utility and user data management, bringing attention to the challenges of connecting with numerous providers and systems. Such comparisons underscore the significance of recent progress in developer infrastructure.
Investment Round and Funding Details
Deck raised $12 million in a Series A round of financing led by Infinity Ventures, with Golden Ventures joining as a participant.
“Going from seed to Series A in just 9 months is wild — but it reflects something we’ve known all along: the world needs better infrastructure for user-permissioned data,”
the company stated on its LinkedIn post, highlighting its ability to move rapidly from early-stage funding to a significant capital raise in a short time frame.
Expansion to Multiple Sectors
Deck focuses on establishing developer APIs that facilitate direct access to user-permissioned data from over 100,000 providers in more than 40 countries. The platform supports data from utilities, ERP systems, eCommerce storefronts, retail environments, and even telco providers.
“Deck is building developer APIs for user-permissioned read/write access to any website — bringing Plaid-like access to the 95% of platforms that don’t offer APIs, from utility portals to payroll systems to government services,”
expressed Infinity Ventures in a LinkedIn post.
The company began its journey in the utilities sector, addressing issues it encountered firsthand. Today, its solution has broadened its reach to include verticals such as eCommerce, music, and retail analytics. Support from investors like Golden Ventures has been crucial; they noted on LinkedIn that Deck is “moving fast, solving real problems and delivering the kind of developer experience we wish more platforms offered.”
The measures taken by Deck provide a clearer pathway for businesses to harness data that was previously challenging to access. The initiative offers a well-defined route for integrating varied data types, potentially driving efficiency in operations related to energy management, billing processes, and financial analytics. Stakeholders remain watchful of the practical applications and benefits that might extend to even more industry sectors. Business leaders can consider these developments as a reference when evaluating similar infrastructure investments.
