Powder
Founded Year
2023Stage
Seed VC - II | AliveTotal Raised
$5.5MLast Raised
$5M | 9 mos agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-116 points in the past 30 days
About Powder
Powder operates as a generative artificial intelligence (AI) sales co-analyst platform within the financial technology sector, specifically catering to wealth advisors. The company provides automated data gathering, analytics, and client onboarding tools to facilitate proposal creation and client conversion. Powder's AI-driven platform offers insights and tailored recommendations to understand and meet the needs of prospective clients. It was founded in 2023 and is based in Los Altos, California.
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ESPs containing Powder
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The document automation software market offers software solutions for automating the creation, management, and processing of documents. This market provides tools and platforms that streamline the document workflow, enabling organizations to generate accurate and consistent documents efficiently. Document automation software encompasses features such as templates, data integration, workflow automa…
Powder named as Challenger among 15 other companies, including Adobe, Esker, and Ocrolus.
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Research containing Powder
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Powder in 5 CB Insights research briefs, most recently on Mar 6, 2025.
Mar 6, 2025
The AI agent market map
Oct 24, 2024 report
Fintech 100: The most promising fintech startups of 2024
May 24, 2024
The generative AI market mapExpert Collections containing Powder
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Powder is included in 8 Expert Collections, including Generative AI.
Generative AI
1,299 items
Companies working on generative AI applications and infrastructure.
Wealth Tech
2,383 items
Companies and startups in this collection digitize & streamline the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.
Fintech
9,464 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Artificial Intelligence
7,221 items
Fintech 100 (2024)
100 items
Fintech 100
100 items
Latest Powder News
Jul 31, 2024
July 31, 2024 Powder , a Los Altos, CA-based fintech startup providing AI agents for precise document analysis, raised $5m in seed funding. Backers included YCombinator, General Catalyst, Funder’s Club, Elefund, Litquidity Ventures and Script Capital, as well as Jon Xu, and Bryant Chou. The company intends to use the funds to expand operations and its development efforts. Led by CEO Kanishk Parashar, Powder creates AI Agents for precise document analysis to rapidly build proposals, aggregate external assets, and understand estates and automatically organize portfolios by account type, number, entity, tax status, and asset classification. The company currently serves 20 mid-sized RIA firms, ranging from $1 billion to $100 billion in assets under management. Clients include Catalytic Wealth, EPIQ Capital and IEQ Capital, among others.
Powder Frequently Asked Questions (FAQ)
When was Powder founded?
Powder was founded in 2023.
Where is Powder's headquarters?
Powder's headquarters is located at 110 Pasa Robles Avenue, Los Altos.
What is Powder's latest funding round?
Powder's latest funding round is Seed VC - II.
How much did Powder raise?
Powder raised a total of $5.5M.
Who are the investors of Powder?
Investors of Powder include Y Combinator, Elefund, Jon Xu, Bryant Chou, FundersClub and 8 more.
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