Housing Wire: Alight closes $11 million funding round led by Caterpillar
Alight, a provider of industry-specific real-time financial optimization applications and a two-time winner of HousingWire’s HW Tech100, announced this week that it closed on a Series A round of funding, in which the company raised $11 million.
Leading the funding round was Caterpillar Venture Capital, a wholly owned subsidiary of Caterpillar, the construction and manufacturing giant.
Yes, you read that right.
Alight currently has two business verticals, mortgages and mining.
Alight’s Mortgage Solutions platform integrates into a lender’s general ledger, loan origination systems and capital market providers to create real-time financial forecasts and scenarios, whereas Alight’s Mining Solutions platform uses “enterprise-class, cloud-based applications (to) give mining executives the ability to forecast the future and immediately see the financial impact of every decision.”
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