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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.

Funding Brief|Kastle Raises $24M Series A to Build an AI Workforce for Banks

Kastle raised a $24M Series A led by Insight Partners, with its agents having processed more than $1.8 billion in transactions. The round signals that large financial institutions don't have to choose between living with a legacy system's limits and spending years replacing it — Kastle is betting that agents layered directly on top of existing systems are the fastest real path to enterprise AI adoption.