Tech Company Financing Transactions
Cascading AI Funding Round
Cascading AI closed a $3.9 million Seed funding round on 2/9/2024. Backers included Peterson Ventures, Clocktower Technology Ventures and Sarah Smith Fund.
Transaction Overview
Company Name
Announced On
2/9/2024
Transaction Type
Venture Equity
Amount
$3,900,000
Round
Seed
Investors
Proceeds Purpose
The fresh capital infusion will enable Cascading AI to: Expand its team of world-class AI and machine learning engineers; Accelerate the development of the Casca product; Enhance its human-in-the-loop, responsible AI capabilities; Onboard a select group of new banks.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
45 Lusk St
San Francisco, 94107
USA
San Francisco, 94107
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
We believe responsible AI has the potential to unlock $1 trillion in value for global banks, but it won't be built on the current decades-old legacy systems. Casca was founded by a team of Banking IT experts and AI researchers from Stanford University who believe that the future of banking is AI-native. That is why we are rebuilding the stack from the ground up - starting with commercial loan origination.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Lukas Haffer
Chief Technical Officer
Isaiah Williams
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About Our Venture Capital Transactions Database
We do our best to report on funding rounds that are announced publicly. VC investment data records reported here come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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