cashmere-ai
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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.
Farbod Nowzad and the Art of Knowing Who Is Already There
At Cashmere, the former fraud data scientist is tackling a quieter puzzle: how can a financial institution recognize the people and relationships already in its records? His route there ran through a school newspaper, Berkeley, scooters and a startup for creator conversations.