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Tagged: cashmere
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Ai · Fintech · Saas
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.
cashmere · cashmere aiRead →
Founder · Executive · Engineer
Farbod Nowzad
Farbod Nowzad is the co-founder and CEO of Cashmere, a Los Angeles fintech building an AI-powered data layer that helps financial institutions and wealth managers turn fragmented customer records into decision-ready intelligence. UC Berkeley's first data science graduate, he cut his teeth on anti-fraud machine learning at Lime and later founded the social audio startup Pludo before launching Cashmere in 2022 with high school friend and CTO Eshan Govil. In September 2024 the company raised a $3.6M seed round led by Canapi Ventures to attack a wealth industry sitting on a $90 trillion generational wealth transfer.
farbod nowzad · cashmereRead →
Ecommerce · Consumer · Logistics
Quince
Quince is a San Francisco e-commerce company that sells luxury-grade essentials - Mongolian cashmere, washable silk, Italian leather, Turkish cotton - at prices that look like typos. It does this by skipping the wholesale layer entirely and shipping straight from partner factories using its own Manufacturer-to-Consumer (M2C) operating system.
affordable-luxury · direct-to-consumerRead →
SG
Founder · Executive · Operator
Sid Gupta
Sid Gupta is the Co-Founder and CEO of Quince, a San Francisco-based manufacturer-to-consumer (M2C) brand that sells luxury-quality cashmere, silk, and home goods at a fraction of traditional retail prices. Founded in 2018 alongside his wife Zunu Mittal and CTO Sourabh Mahajan, Quince reached a $10.1 billion valuation in March 2026 after raising a $500M Series E led by Iconiq Capital. Before Quince, Gupta built Lolli & Pops, a specialty candy retail chain, from 11 struggling locations to nearly 100 stores across 28 states. A University of Chicago economics graduate and Stanford MBA, he has spent his career dissecting pricing inefficiencies in consumer retail - and building businesses to exploit them.
founder · ceoRead →