I’ve spent a lot of time in conversations with publishers and creators lately where the word "AI" is spoken with a certain trepidation or even dread. They are right to have these concerns. Many players in the tech industry have not done publishers any favors, especially recently.
So as publishers face the realities of both commercial risk and commercial opportunity, we see a $150 billion market on the precipice of its greatest evolution. Business models are going to change, unit economics will shift, interfaces will evolve, and discovery and consumption will look completely different, and Cashmere is the infrastructure to enable this transformation to happen.
That's why I'm incredibly proud to announce our $5 million Seed round, led by Reach Capital, with participation from forward-thinking partners like Founders Future, Naver Corp, Fortitude Ventures, and strategic investors including Ingram Content Group and Pearson Ventures. This isn't just about capital; it’s a resounding validation from those who understand the true value of knowledge and the imperative to protect and propel it into the AI era.
The demand for grounding source data for users is real and growing, especially in hard sciences, technology, psychology, finance, legal, and biomedical fields. And who owns the lion’s share of that authoritative data? It’s publishers. From academic journals, to researchers, scientists, writers, thinkers, and doers. The future belongs to them.
Cashmere’s mission is simple: to be the essential infrastructure layer that allows premium publishers to not just survive the AI revolution, but to thrive by turning their vast, authoritative archives into secure, licensed, and highly monetizable "AI-native" data.
The $150 billion question isn't if publishers will adapt, but how they will lead. Cashmere is building the future with them. We’d love you to join us in the journey.
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