Heron Data builds software to automate the underwriting process for business loans, insurance, and credit offers. When lenders or insurers receive a business application, Heron processes it and quickly returns declines or offers in minutes instead of days, replacing manual document review and verification typically done by humans. The platform works by ingesting applications and leveraging cross-customer data signals from millions of employer businesses to develop data products and, over time, become the data layer for private US businesses. The company has underwritten roughly 1 in 8 US employer businesses in the past year, enabling scale that supports faster decisioning and new data insights. Their goal is to remove the underwriting tax on American businesses by making underwriting faster, cheaper, and more scalable, and to operate as the primary data layer for private companies in the US.
Company Size
51-200
Company Stage
Series A
Total Funding
$17.3M
Headquarters
New York City, New York
Founded
2020
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