Mortgage technology startup Tidalwave has raised $22 million in a Series A funding round to expand the market share of its agentic artificial intelligence (AI)-powered point-of-sale platform, the company announced Friday.

The round was led by Permanent Capital, with participation from homebuilder D.R. Horton and Engineering Capital., bringing Tidalwave’s total funding to $24 million. 

Tidalwave said its platform uses agentic AI — specialized autonomous software agents that perform end-to-end mortgage tasks such as verifications and underwriting — in an effort to reduce the industry’s average 43-day loan closing timeline. The platform integrates with Fannie Mae, Freddie details ⇒