Deckard plans to use the additional investment of $500,000 to develop the company’s offerings to include both the tax analysis product and Rentalscape.
FREMONT, CA: A data mining company that transforms real estate data into actionable insights for communities has received an additional investment of 500,000 USD, which will allow it to come up from stealth mode. Loeb Enterprises is the lead investor in its first two rounds of seed funding.
It brings initial venture financing to over four million USD for Deckard as it creates a ground-breaking deal to urban areas, districts and states become more brilliant with real estate, utilizing information analytics, AI and advanced statistical analysis to distinguish unpaid property charges from real estate improvements done without plans and permits. Mono County of California was the first customer to contract Deckard for the tax analysis solution.
Fast, innovative, financial, and market changes have expanded the information gap among business sectors and nearby governments, slanting the equity and fairness of the property tax system, and adversely affecting community administrations. According to reports state of California loses $400-$500 million per year in unpaid property taxes that should have resulted from assessments if appropriate plans and permits had been drawn. Services like schools, police, and fire departments, among other government-supported services, suffered by the loss.
CEO for Deckard, Neil Senturia, says, “Deckard has created ‘Look Back’ software, using our patented AI technology, which identifies residential improvements done without plans and permits. The effect of not getting a license is that these properties never get re-assessed at the proper value, and the legally owed property taxes never get collected.”
Headquartered in San Deigo, Deckard is planning to use the additional investment to expand the company’s offerings to include both the tax analysis product and another one, Rentalscape. It will quantify short-term vacation rentals and will analyze proper fees that should be paid to the local government.
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