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Cascading AI secures $3.9m in pre-seed funding

Feb 10, 2024•almost 2 years ago

Amount Raised

$3.9 Million

Round Type

pre-seed

LendingFintechArtificial IntelligenceFinancial Services

Investors

Clocktower Technology VenturesThe Sarah Smith FundY CombinatorPeterson Ventures

Description

Cascading AI has secured $3.9m in pre-seed funding round led by Peterson Ventures, with additional participation from Y Combinator, The Sarah Smith Fund, and Clocktower Technology Ventures. The funding will be used to expand the team, accelerate product development, enhance responsible AI capabilities, and onboard new banks.

Company Information

Company

Cascading AI

About

Cascading AI is a fintech startup founded by alumni of Stanford University and Y Combinator, with a focus on revolutionizing the lending landscape with its flagship product, Casca, an AI-native Loan Origination System.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers