Funding Alert: Valon Raises $150M Series D to Rebuild Mortgage Servicing With AI Agents
Valon raised a $150M Series D led by Ribbit Capital, with a16z continuing to add on, doubling its valuation to $2.3B. The signal: a handful of startups are rebuilding entire regulated verticals that outside software companies can barely enter, by getting licensed themselves and building the full stack before layering agents on top, rather than selling tools to incumbents.