# Casca: Information technology & services, San Francisco, United States

> Casca: Casca is an AI-native loan origination platform founded in 2023 by experts in banking IT and AI researchers from Stanford University.

Source: https://millionrounds.com/startup/casca (Millionrounds; every figure on the page links to its filing or article)

United States · [Information technology & services startup](https://millionrounds.com/companies)

# Casca

Casca is an AI-native loan origination platform founded in 2023 by experts in banking IT and AI researchers from Stanford University.

Funding reported Last round: Pre-seed

Information technology & services San Francisco, United States

Company summary

- **Founded:** 2023 3 years old
- **Team:** 61 51 to 200 people
- **Funding reported:** $29M in dollars
- **Last round:** Pre-seed Feb 2024

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Casca has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Casca

Casca is an AI-native loan origination platform founded in 2023 by experts in banking IT and AI researchers from Stanford University.

The company aims to modernize the commercial banking sector by addressing the limitations of outdated legacy systems. Casca's mission is to provide an AI-powered Loan Origination System (LOS) that enhances the speed, accuracy, and confidence of lenders, unlocking significant value for the industry. The primary offering is the Casca Platform, a Software as a Service (SaaS) solution that streamlines the loan application and origination process, focusing on commercial loans. The platform utilizes responsible AI to automate complex IT projects, replacing traditional infrastructure with a modern, efficient system. Casca has successfully raised $33 million in funding, including a $29 million Series A round, and has achieved 100% delivery success and client satisfaction in regulated environments. The platform serves various financial institutions, including SBA lenders and FDIC-insured banks, targeting those involved in underwriting and funding loans.

## What company datasets say Casca raised

Funding, as reported

Reported in all **$29M** in dollars

Rounds **1**

Last round **Pre-seed**

Last round size **$29M**

Last round date **Feb 2024**

Investors listed **5**

## Founders and team

From Casca's own website: 2 founders, 1 on the team.

**Lukas Haffer** Co-Founder / CEO

**Derick Guan** Co-Founder & Builder

- **Adlon Adams** Chief Operating Officer

## On 3 portfolio pages

Investors who name them

- [The 23 Fund](https://millionrounds.com/fund/the-23-fund)
- [MBA Ventures](https://millionrounds.com/fund/mba-ventures)
- [Litquidity Ventures](https://millionrounds.com/fund/litquidity-ventures)

Each firm lists Casca on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

mortgage and nonmortgage loan brokers secure data handling computer & network security enterprises ai-native lending platform ai loan origination loan application portal information technology & services financial services finance business lending automation data security enterprise software internet infrastructure digital loan platform access control

Built with from their website

GitHub Actions Docker Prisma Amazon CloudFront AWS Trusted Advisor Atlassian TypeScript AWS Cloud Development Kit Cloudflare DNS Google Workspace

+8 more

CloudFlare Viewport Meta Proton Mail Next.js Terraform HTTP/3 Vimeo PostgreSQL

- **Sector:** Information technology & services
- **Industry code:** NAICS 52231, 513210, SIC 6162
- **Region:** California
- **Revenue:** $100K a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/cascading-ai)

## Information technology & services in United States

Startups like it

- [**Databricks** San Francisco · founded 2013 *Raised*](https://millionrounds.com/company/databricks)
- [**Waymo** Mountain View · founded 2009 *Raised*](https://millionrounds.com/company/waymo)
- [**Crusoe** Denver · founded 2018 *Raised*](https://millionrounds.com/company/crusoe)
- [**Cursor** San Francisco · founded 2017 *Raised*](https://millionrounds.com/company/cursor)
- [**Thinking Machines Lab** San Francisco *Raised*](https://millionrounds.com/company/thinking-machines-lab)
- [**Cognition** San Francisco *Raised*](https://millionrounds.com/company/cognition)
- [**Polymarket** New York · founded 2020 *Raised*](https://millionrounds.com/company/polymarket)
- [**Harvey** San Francisco · founded 2022 *Raised*](https://millionrounds.com/company/harvey)

## Is this your company?

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