Heron, a company helping businesses in industries like lending, insurance and equipment finance automate their document-based workflows, announced $16 million in Series A funding. Insight Partners led the raise that will help the company fuel expansion and scale its AI-driven solutions.
Heron targets real-life business operations through its platform, working to allow humans to focus on judgment-based work while AI-powered software handles more repetitive and monotonous tasks. Its main customer base is companies without large engineering departments, including insurance carriers and FDIC-insured banks. Heron processes over 350,000 documents per week.
The fresh capital will allow the company to scale its presence in the insurance, equipment finance and SMB lending sectors. Additionally, Heron wants to expand into adjacent verticals where businesses have expressed demand for its solution. The company will invest in growing its engineering and go-to-market teams in New York and London as well as in building internal AI toolsets to help its team better serve more customers.
