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💡Information
The American loan platform Salient in San Francisco has completed a $60 million Series A financing round, led by a16z, with participation from Matrix Partners, Michael Ovitz, and Y Combinator. The funds raised will be used to enhance its AI capabilities, strengthen compliance functions, and explore new markets. Salient was established only 18 months ago and its annual revenue exceeded $14 million as of June 2025. The platform utilizes generative AI to automate processes such as post-loan collections, customer service, and compliance monitoring.