Market Opportunity
SEC JS-pagination blocks comment scraping — build headless crawler + NLP index targets a $2.4B = 120,000 potential customers (financial institutions, law firms, corporations, researchers) x $20K ACV total addressable market with medium saturation and a year-over-year growth rate of 15%.
Key trends driving demand: Regulatory transparency — investors and compliance teams demand structured access to regulator comments and dialogues, increasing willingness to pay for curated feeds.; JS-heavy government sites — more public/regulatory portals use client-side rendering requiring headless strategies, creating a technical niche for specialized crawlers.; AI-enabled extraction — modern NLP/LLMs allow high-value structured extraction (entities, sentiment, topics) from semi-structured comment pages at low marginal cost.; Rise of regtech procurement — enterprises increasingly buy subscription data and analytics for compliance, legal, and IR teams instead of in-house scraping..
Key competitors include AlphaSense, Intelligize (LexisNexis suite), Bloomberg (filings & terminal), Zyte (formerly Scrapinghub).