# Cascading AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cascading-ai

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.cascading.ai
- Total disclosed funding: $29M
- Latest round: Series A (Aug 19, 2025)
- Investors on record: 7

## About

Founded in 2023 and based in California, US, Core AI Technologies Inc., doing business as Cascading AI, operates as a software company that offers loan origination system solutions for banks. The company was founded by its CEO, Lukas Haffer, and CTO, Isaiah Williams. In February 2024, Cascading AI raised USD 3.9 million in pre-seed funding led by Peterson Ventures, Clocktower Technology Ventures, and the Sarah Smith Fund. Cascading offers a FinTech-based loan origination system solution for credit unions and non-bank lenders. The company’s product line includes Casca, which is an artificial intelligence-based loan origination system (LOS) aimed at automating manual tasks and improving efficiency for banks. The firm’s loan assistant platform automates the loan application process, mainly pre-qualification, online application, document collection, and lead recapture, reducing manual effort by 90% and promising 3x higher applicant conversion rates. In August 2025, Cascading AI raised USD 29 million in series A funding led by new investor Canapi Ventures, with participation from other new investors LiveOak Venture Partners, Huntington and Alliance Funding Group. Returning investors Y Combinator, Peterson Ventures and Bankwell also participated in the round. The company plans to use the funds raised in August 2025 to grow its team and improve its computer system that helps banks quickly check and approve loan applications.

## Funding rounds

- Series A, Aug 19, 2025, $29M — Huntington, Y Combinator, LiveOak Venture, Alliance Funding Group, Canapi Ventures, Bankwell, Peterson Ventures

## Investors

- Huntington — Series A
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series A
- LiveOak Venture (https://capitalatlas.ai/funds/liveoak-venture) — Series A
- Alliance Funding Group — Series A
- Canapi Ventures (https://capitalatlas.ai/funds/canapi-ventures) — Series A
- Bankwell — Series A
- Peterson Ventures — Series A