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§ Private Profile · Denver, CO, USA
AI tax firm for individual taxpayers. Simplifies tax filing with CPAI technology, offering a personal, cost-effective experience.
Deduction is an artificial intelligence-driven tax preparation firm that develops automated filing software for individual taxpayers, operating from an undisclosed headquarters location. The company builds a proprietary platform centered around Taylor, an artificial intelligence assistant designed to replicate the services of a certified public accountant. Rather than developing enterprise software for traditional accounting agencies, the firm focuses strictly on the direct-to-consumer market to eliminate standard paperwork and wait times. The underlying technology is engineered by a combined workforce of software developers and licensed tax professionals, drawing on executive experience from at least two prior successful startup exits. The organization was established by co-founder and chief executive officer Sai Dhanak, a product leader who previously guided the smart access technology company Latch through its initial seed funding phases to a public listing on the NASDAQ exchange.
Deduction has raised $2.8M across 1 funding round.
Deduction has raised $2.8M in total across 1 funding round.
Deduction has raised $2.8M across 1 funding round. Most recently, it raised $2.8M Pre-Seed in November 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 19, 2025 | $2.8M Pre Seed | Creator Ventures, Semyon Dukach | Alpine Venture Capital, Intuition | Announced |
Deduction has raised $2.8M in total across 1 funding round.
Deduction's investors include Creator Ventures, Semyon Dukach, Alpine Venture Capital, Intuition.