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

> Caspian: Caspian is an AI-native trade compliance and duty recovery platform that serves global merchants and customs brokers.

Source: https://millionrounds.com/startup/caspian-3 (Millionrounds; every figure on the page links to its filing or article)

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

# Caspian

Caspian is an AI-native trade compliance and duty recovery platform that serves global merchants and customs brokers.

Funding reported Last round: Seed

Information technology & services San Francisco, United States

Company summary

- **Founded:** 2024 2 years old
- **Team:** 32 11 to 50 people
- **Funding reported:** $5.4M in dollars
- **Last round:** Seed Jul 2025

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 Caspian 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 Caspian

Caspian is an AI-native trade compliance and duty recovery platform that serves global merchants and customs brokers.

It offers a unified system designed to manage and automate global trade operations, positioning itself as a modern alternative to traditional trade management. The platform combines licensed trade advisors with specialized software to audit customs entries, recover uncollected duties, and ensure compliance with shifting trade policies. Caspian provides three core services: trade advisory and compliance, customs auditing, and duty recovery. This includes automating the recovery of previously paid customs duties, taxes, and fees when imported goods are exported or destroyed. Caspian's integrated platform acts as a global trade desk, streamlining trade management for its clients. It specifically targets global merchants and customs brokers, helping them navigate the complexities of international trade.

## What company datasets say Caspian raised

Funding, as reported

Reported in all **$5.4M** in dollars

Last round **Seed**

Last round size **$5.4M**

Last round date **Jul 2025**

Investors listed **4**

## Founders and team

From Caspian's own website: 2 on the team.

- **Justin Sherlock** CEO
- **Matthew Ebeweber** CTO

## On 3 portfolio pages

Investors who name them

- [Activant Capital](https://millionrounds.com/fund/activant-capital)
- [Mute Ventures](https://millionrounds.com/fund/mute-ventures)
- [Stratus Ventures](https://millionrounds.com/fund/stratus-ventures)

Each firm lists Caspian 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

trade data audit layer customer engagement trade data analysis trade data audit trade data processing computer & network security trade compliance risk detection information technology & services trade data governance duty classification tracking financial services claim management platform trade data transparency data security duty refund maximization trade data validation checks

Built with from their website

Google Tag Manager Amazon CloudFront Google Ads Google Workspace CloudFlare Viewport Meta LinkedIn Ads Element UI Hubspot Webflow Hosting

+8 more

Apple Business Manager Google Meet Microsoft Excel CloudFlare CDN React Google Font API Unpkg Mobile Friendly

- **Sector:** Information technology & services
- **Industry code:** NAICS 54161, 513210, SIC 4731, 7372
- **Region:** California
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/caspian-trade)

## 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?

Add your raise, your deck and your story, and put Caspian in front of investors. Or tell us what we have wrong.

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