Valon

Fintech · Mortgage Servicing · Artificial Intelligence

Funding

Valon raises $150M Series D, doubling valuation to $2.3B

One in six outstanding U.S. mortgages are already contracted to run on its servicing platform, replacing decades-old mainframe systems.

• Valon Technologies closed a $150 million Series D at a $2.3 billion valuation, double its prior mark, with new investor Ribbit Capital joining alongside returning backer Andreessen Horowitz.
• Valon builds ValonOS, an AI-native operating system for mortgage servicing that consolidates loan data, investor reporting, workflows, compliance logic and payments.
• ValonOS runs an AI agent called Ditto that automates time-consuming servicing tasks like escrow analysis, complaint research and payment reallocations.
• Servicers responsible for one in six outstanding U.S. mortgages are under contract to run on ValonOS, and Valon signed over $200 million in contracted annual recurring revenue within six months of launching it externally.
• Valon spent six years operating its own licensed national servicer, Valon Mortgage, to prove the software could handle regulated-finance complexity before Carrington Mortgage Services acquired that servicing business in August 2026, leaving Valon Technologies to focus purely on software.
• Newrez, owned by Rithm Capital, plans to migrate servicing for more than 4 million homeowners onto ValonOS starting in 2027, while Valon says it aims to expand beyond mortgages into auto, student and personal lending.
• The bet is that AI adoption in regulated finance is gated less by model intelligence than by whether a system can preserve context, execute deterministic actions, and explain its decisions to regulators after the fact.