# Cashmere

> Cashmere is a Los Angeles-based AI company building a data layer for financial services. It started as an AI-powered client-acquisition platform that helps wealth management firms spot high-net-worth prospects at the moment they experience a wealth-triggering life event - an inheritance, a business sale, a liquidity event - and then matches those prospects with the best-fit advisor and automates personalized outreach. The product has since expanded into resolving fragmented customer records across disconnected banking systems into a single, continuously updated 'golden profile' enriched with internal and external signals. Founded by Farbod Nowzad and Eshan Govil, Cashmere raised a $3.6M seed round led by Canapi Ventures in September 2024 and counts RIAs, banks and wirehouses among its customers.

- **Founded:** 2023
- **Headquarters:** Los Angeles (Culver City), California, United States
- **Founders:** Farbod Nowzad (Co-Founder & CEO), Eshan Govil (Co-Founder & CTO)
- **Team size:** ~23 employees
- **Products:** AI Client Acquisition Platform, AI-Powered Data Layer / Golden Profile, Trigger Event Detection, Custom Model Scoring
- **Notable:** Closed a $3.6M seed round led by Canapi Ventures (September 2024)., Onboarded RIAs plus bank and wirehouse advisor teams within roughly a year of launch., Recruited a Harvard Applied Physics PhD as Head of Machine Learning post-seed.

## Products & services

- **AI Client Acquisition Platform** — Automates the discovery, research and engagement of prospective clients for wealth management firms. Captures major life and wealth events, prioritizes best-fit prospects, surfaces mutual connections, and generates personalized outreach that integrates with CRMs under SEC-aware compliance.
- **AI-Powered Data Layer / Golden Profile** — Resolves fragmented customer records across disconnected systems into a single, continuously updated golden profile, fusing internal and external signals with enterprise-grade validation.
- **Trigger Event Detection** — Detects and surfaces wealth-triggering events - inheritances, business sales, liquidity events, life milestones - in real time so advisors can act at the right moment.
- **Custom Model Scoring** — Propensity-to-convert and next-best-action scoring across clients, households, companies, advisors and accounts, built on a semantic ontology that models each firm's business logic.

## Achievements

- Closed a $3.6M seed round led by Canapi Ventures (September 2024).
- Onboarded RIAs plus bank and wirehouse advisor teams within roughly a year of launch.
- Recruited a Harvard Applied Physics PhD as Head of Machine Learning post-seed.
- Evolved from a point client-acquisition tool into a broader AI data layer for financial services.

## Latest updates

- **2024-09** — Raised $3.6M seed round led by Canapi Ventures to build out product and hire, including a new Head of Machine Learning.
- **2025-01** — Expanded positioning toward an 'AI-powered data layer for financial services' - entity resolution and golden-record profiles across bank systems.

## Links

- Website: https://cashmereai.com
- LinkedIn: https://www.linkedin.com/company/cashmere-ai

---

Profile page: https://yespress.io/cashmere
Published by YesPress — https://yespress.io
Last updated: 2026-07-06