Valon Technologies, an AI-native operating system designed for regulated financial services, has raised $150 million in a Series D funding round, bringing its valuation to $2.3 billion. The latest valuation is twice the amount recorded in its previous funding round.
Ribbit Capital joined the round as a new investor, while existing backers, including Andreessen Horowitz, returned to support the company.
Valon plans to use the new funding to accelerate product development and expand its workforce. The company aims to help the largest mortgage servicers in the US transition from outdated technology to ValonOS and its AI agents. It is currently hiring for engineering, product, deployment, and go-to-market roles in New York, San Francisco, and remote locations.
Founded in 2019, Valon has followed an unconventional approach to entering the market. Rather than selling its software to other industry players from the outset, the company initially operated its own full-scale mortgage servicing business using the platform. It later opened the technology to third-party customers. Within six months of that transition, Valon had secured more than $200 million in contracted annual recurring revenue.
Major mortgage institutions, including Rithm Capital’s Newrez, Carrington Mortgage Services, and ServiceMac, are among the organizations expected to operate on ValonOS. According to the company, the platform has secured contracts covering one in every six outstanding mortgages in the US.
Two of the country’s ten largest mortgage servicers are already using ValonOS. ServiceMac ranks as the fourth-largest residential subservicer, while Carrington Mortgage Services acquired Valon’s servicing business in August and adopted ValonOS as its core servicing system.
Valon describes its platform as a leading AI solution for mortgage servicing. ValonOS replaces the fragmented systems traditionally used by mortgage servicers with a unified platform that brings together loan data, investor reporting, operational workflows, compliance logic, and money movement.
This integrated infrastructure also supports Valon’s AI agents by providing a single, reliable source of information, structured context, actionable tools, and a complete audit trail of their activities. The approach is designed to help AI agents operate within the workflows and controls required in regulated financial services.
Looking ahead, Valon plans to expand beyond mortgage servicing into adjacent regulated lending markets, including commercial, personal, auto, and student lending.
