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First American joins Vesta’s $30 million Series B

The round brings Vesta’s total funding to $85 million, with AI agents and workflows handling about 40% of tasks on its platform.

Reported · Written up by our desk · Industry & Deals

Coverager reports that First American Financial Corporation participated in Vesta’s $30 million Series B, a financing raised by the mortgage software company developing AI agents to automate loan origination.

The round was led by Conversion Capital and included participation from lenders and investors such as Pennymac, New American Funding, Citi Ventures, nbkc bank, FirstKey Mortgage, a16z, Zigg, and Navitas, according to Coverager.

Vesta says the new financing increases its total funding to $85 million, and that AI agents and automated workflows now cover about 40% of the tasks completed on its platform.

According to Vesta, revenue grew more than 12 times over the past year, customer count and headcount each rose more than 50%, and lenders using or transitioning to its platform originate more than $100 billion in loans annually.

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