Core Insights - Live Oak Ventures has invested in Cascading AI, Inc. (Casca), a platform that automates loan applications using responsible AI [1][2] - The partnership aims to enhance Live Oak Bank's loan processes and improve customer experience [1][2] - Casca plans to utilize the funding to scale operations, expand its team, and accelerate market entry [2][3] Company Overview - Live Oak Ventures is a fintech-focused investor under Live Oak Bancshares, aiming to innovate the banking industry [3] - Casca, founded in 2023 by experts from Stanford University, is designed to automate loan processes and is already utilized by leading SBA lenders [4] - Casca is backed by notable investors including Y Combinator, Canapi Ventures, and Peterson Ventures [4]