Powder LinkedIn · Apr 2026
Announced balance-sheet support and reinforced the broader document-type coverage of the platform.
Company research
Public company, workplace, funding, and market signals
Overview
Powder is a Los Altos–based wealthtech startup building AI agents that automate document analysis and data extraction for financial operations and compliance, aimed primarily at wealth advisors and RIAs.
Primary product
Generative AI agents for financial document analysis and data extraction
Founded
2023
Headquarters
Los Altos, California, United States
Team size
1-10 employees
Industry
Technology, Information and Internet
Sub-industry
Wealthtech / AI document automation for wealth management
Offices
501 Cherry Ave, Los Altos, California 94022
110 Pasa Robles Ave, Los Altos, California 94022
Los Altos, California, United States
Business model
B2B SaaS
API platform
subscription software
enterprise custom plans
Funding
Stage
Seed
Total raised
$5.5M
Latest round
Seed · Jul 2024
Latest amount
$5M
People & investors
Leadership
Co-Founder & CEO
CTO & Co-Founder
Co-Founder & CRO
Co-Founder & CIO
Co-Founder & Principal Engineer
SVP, GTM
Taeho Kim
Founding UXE
Founding Engineer
Founders
Principal Engineer & Co-Founder
Work & culture
Small founder-heavy team with roots in technology and finance, focused on speed, accuracy, trust, and security. Public-facing materials emphasize a mission to democratize access to wealth, high-agency builders, and delivering tangible time savings for advisors.
Compensation
One public role listed Founding Software Engineer, Agents at $100k-$150k/year plus 0.30%-1.00% equity; job copy also emphasizes competitive salary and meaningful equity.
Product & market
Pricing
Yearly subscription plans with monthly payment options; enterprise plans include custom workflows, dedicated account management, custom data retention, and custom SLAs.
Differentiators
- —Claims 99%+ accuracy on document extraction
- —Broad coverage across brokerage statements, 401(k), IRA, private assets, estate, wills, tax, insurance, and asset decks
- —API-first product with structured JSON outputs
- —No customer data used for model training
- —SOC 2 Type 1/Type 2 posture with encryption in transit and at rest
- —Designed specifically for wealth advisors and RIAs to save manual document-processing time
Technology
React
TypeScript
Python
Playwright
Google Cloud
Salesforce
HubSpot
Angular
Java
MySQL
Vue.js
Customers
wealth advisors
RIAs (registered investment advisors)
wealth management firms
small and midsize firms
financial operations teams
compliance teams
Ducere Wealth Management
SCS Financial
Chicago Partners
Sunpointe Investments
GC Wealth
Koyfin
Competitors
StratiFi
Investipal
Holistiplan
FP Alpha
Zocks
Wealth.com
Vanilla
RightCapital
Addepar
Orion Advisor Technology
Scale & contact
Estimated revenue
$1M-$10M
Latest news
Powder LinkedIn · Mar 2026
Case study showing Powder used by Koyfin to extract financial document data into a structured API workflow.
Powder LinkedIn · Nov 2025
Announced SOC 2 Type 2 certification and highlighted security and privacy controls.
Financial Planning · Jul 2024
Explains the product, new chatbot feature, target market, pricing signal, and the company’s emphasis on making the workflow more seamless for advisors.
PRNewswire · Nov 2023
Public launch and pre-seed funding announcement; described Powder as an AI co-pilot for wealth advisors and named early founders and investors.
Jobs and careers at Powder
0 jobs at Powder
No open positions
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