Summary
Powder builds AI agents for wealth advisors to automate sales workflows by parsing financial documents, analyzing portfolios, and generating personalized proposals. Founded by Kanishk Parashar and Sooyung Cho, repeat founders who previously co-founded RCI Navigator (acquired by Addepar), they solve the problem of advisors spending hours manually extracting data from brokerage statements, tax returns, and estate documents. Their LLM-powered document parser achieves 99%+ accuracy across investment statements, alternatives, vesting schedules, and multilingual documents, reducing data extraction time by 95%.
