On October 24, 2024, Cascade AI, an AI assistant built to respond to human resources (HR) inquiries at an individual employee level, announced it has secured a $3.75 million seed investment led by Gradient, Google’s early-stage AI fund, with participation from Myriad Venture Partners and Success Venture Partners. Wilson Sonsini Goodrich & Rosati advised Cascade on the transaction.

This investment will enable Cascade AI to continue to build out customer-requested features and expand its platform to support increased demand driven by early customer successes. The investment will enable initiatives including building AI agents that can help employees update personal information, enroll in benefits and perform other tasks; accelerating development of new reporting capabilities like office-level utilization; and enhancing the platform’s support of companies with global workforces.

The Wilson Sonsini team that advised Cascade AI on the transaction includes Lang Liu, Annie Kim, and Jing Zhang.

For more information, please see Cascade AI’s press release.