Deckmatch, a startup that uses artificial intelligence to provide data and insights on private markets, has raised $3.8 million in seed funding. The company aims to help investors make better decisions by analyzing large amounts of unstructured data from sources like earnings calls, news articles, and regulatory filings. Deckmatch’s AI models can extract key information and identify trends, risks, and opportunities in private markets. The funding round was led by Bain Capital Ventures and included participation from investors like Correlation Ventures and alumni funds from Harvard and Stanford. The company plans to use the funding to expand its team and further develop its AI technology. Deckmatch’s founders, Shiv Choudhury and Anirudh Kala, have backgrounds in finance and machine learning, respectively. The startup is part of a growing trend of using AI to gain insights from large datasets in the financial industry.
Source: https://www.businessinsider.com/deckmatch-pitch-deck-seed-funding-private-market-ai-2024-11