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Cashmere
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AI-powered platform automating wealth-management client acquisition
Cashmere
Work Here?
AI-powered platform automating wealth-management client acquisition
About Cashmere
Industries
Enterprise Software
Fintech
AI & Machine Learning
Financial Services
Company Size
11-50
Company Stage
Seed
Total Funding
$3.6M
Headquarters
Los Angeles, California
Founded
2023
Overview
Cashmere AI builds a fintech platform that helps wealth managers find and engage high-net-worth clients. It uses AI to gather data from public and private sources, score promising prospects, and automate initial outreach and follow-up within the advisor’s existing tools. The platform integrates with CRMs and scales through subscription tiers to fit firms of different sizes. Its goal is to help wealth managers grow by efficiently acquiring high-value clients and expanding market reach.
Simplify's Take
What believers are saying
- $3.6M seed funding from Canapi Ventures accelerates platform development and market expansion.
- Serves dozen RIAs and bank teams, proving early traction with wirehouses.
- Subscription tiers scale revenue as wealth firms integrate with CRMs seamlessly.
What critics are saying
- TCPA lawsuits from public data scraping halt automated outreach in 6-12 months.
- Addepar erodes market share with dominant integrations in 12-24 months.
- SEC enforcement on AI net worth estimates cripples sales in 12-18 months.
What makes Cashmere unique
- Cashmere fuses internal customer data with external signals using Universal ID and Golden Record.
- AI agents discover, validate, and synthesize data from public records and professional networks.
- Machine learning matches advisors to best-fit high-net-worth prospects based on life events.
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Funding
Total Funding
$3.6M
Meets
Industry Average
Funded Over
1 Rounds
Industry standards
Benefits
Health Insurance
401(k) Retirement Plan
Unlimited Paid Time Off
Wellness Program
Professional Development Budget
Conference Attendance Budget
Company Equity
Growth & Insights and Company News
6 month growth
↓ -8%1 year growth
↑ 0%2 year growth
↑ 5%Benchstrength, a NYC-based venture capital firm led by former General Catalyst investors Ken Chenault Jr. and John Monagle, has closed its first fund at $62M. The firm focuses on investing in early-stage technology companies across enterprise, consumer, fintech, and healthcare. Notable investors include the Ford Foundation, Goldman Sachs Asset Management, and Bank of America. Benchstrength aims to support historically overlooked founders, with 20 portfolio companies like Altis Labs.
Cashmere, an AI-powered client acquisition platform for wealth management firms, has successfully completed a $3.6 million seed funding round. The inv
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About Cashmere
Industries
Enterprise Software
Fintech
AI & Machine Learning
Financial Services
Company Size
11-50
Company Stage
Seed
Total Funding
$3.6M
Headquarters
Los Angeles, California
Founded
2023
There are no jobs for Cashmere right now.
Find jobs on Simplify and start your career today