The round doubled Valon’s valuation to $2.3 billion, according to the release. The company’s previous round was an October 2024 Series C in which it raised $100 million.
Valon will use the new funding to expand its engineering, product, deployment and go-to-market teams, accelerate product development and move more servicers onto its ValonOS platform and AI agents, the release said.
“For 60 years, mortgage servicing has run on aging mainframe systems, and every regulatory change has compounded technical debt and increased costs,” Valon Co-Founder and CEO Andrew Wang said in the release. “That is no longer the only option. ValonOS is the operating system the industry is moving onto, and this financing lets us bring it, and the AI agents that run on it, to every servicer in the country.”
ValonOS provides a single operating system for loan data, investor reporting, operational workflows, compliance logic and money movement. The platform’s AI agents answer homeowner emails, allocate payments, run escrow analyses and perform other mortgage servicing tasks, according to the release.
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Two of the 10 largest U.S. servicers are live on ValonOS, and one-sixth of outstanding U.S. mortgages are under contract to run on the platform, the release said.
Valon Co-Founder and President Linda Du said in the release: “Leaders in the industry are moving to purpose-built systems with full context and the right level of determinism, and the largest servicers in the country are doing it with ValonOS.”
Over time, Valon plans to expand into other regulated sectors that handle high-volume transaction processing and strict regulatory requirements, including commercial, personal, auto and student lending, per the release.
Participants in Valon’s latest funding round include new investor Ribbit Capital and existing investor Andreessen Horowitz.
Ribbit Capital Founder Micky Malka said in the release that mortgage servicers are badly in need of better technology and that Valon is building “the trusted platform that mortgage servicing can run on for decades to come.”
Andreessen Horowitz General Partner Angela Strange said in the release: “Valon has built the operating system for a $13 trillion mortgage market and is poised to do the same in other asset classes.”
PYMNTS reported in July that AI agents are moving deeper into the mortgage process, helping lenders cut application times and handle routine servicing.
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