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Founded Year

2015

Stage

Acquired | Acquired

Total Raised

$1M

About Approved

Approved is a digital mortgage platform that helps agents, consumers, lenders, and their teams of loan officers and processors to streamline the back office, and provide a world-class experience for customers. The Approved Digital Mortgage Platform allows any lender, big or small, to modernize their loan operations.

Approved Headquarter Location

760 Market St Floor 2

San Francisco, California, 94102,

United States

415-742-2702

Latest Approved News

Modernity Fund (mFUND) For Project “FreeRail” Approved With A Total Of 2.82 Million EUR

Sep 26, 2019

Modernity Fund (mFUND) For Project “FreeRail” Approved With A Total Of 2.82 Million EUR The “FreeRail” project, which has been running since September 2019, will be funded under the Modernitätsfond (“ mFUND “) funding directive with a total of EUR 2.82 million from 1 September 2019, 67% of which will be funded by the  Federal Ministry of Transport and Digital Infrastructure . A big step for the network coordinator Quantum-Systems GmbH and its project partners. The project consortium consists of experts from  DB Fahrwegdienste GmbH ,  geo-konzept GmbH ,  Technical University Ingolstadt  and the  city of Ingolstadt  under the project management of the network coordinator  Quantum-Systems GmbH . The starting point of the joint project “FreeRail” deals with a digital solution for a growing problem in the maintenance of the infrastructure of Deutsche Bahn (DB). Fully automated railway inspection as one goal for the FreeRail project Controlling and maintaining the constantly growing vegetation along DB’s 33,440 km long rail network is a time-consuming and challenging task for DB Fahrwegdienste GmbH. In order to comply with the prescribed traffic safety obligation, the vegetation along the entire route network must be inspected, documented and evaluated by qualified personnel at least once a year. At the same time, rail traffic should not be disrupted during this control work. In the “FreeRail” project, the scientific and technical principles of a future, fully automated, drone-based system for digitized vegetation control and registration of damage following storms along Deutsche Bahn’s route network are to be developed by February 2022. On the one hand, the aim is to design and investigate the technologies and operating processes required for this. On the other hand, a functional demonstrator is to be developed and tested on a selected route section. Trinity eVTOL UAV combined with self-contained drone hangar With the help of a long-range drone from the  Trinity UAV  line from Quantum-Systems GmbH, which is capable of vertical launch, different sensor data will be collected along the test track. The drone will take off and land fully automatically from a self-sufficient drone hangar permanently stationed in the immediate vicinity of the test track. Using a special communication and data processing system, the collected data is automatically evaluated and transferred to the responsible employee of DB Fahrwegdienste GmbH. Within the framework of traffic control and digital infrastructure management in Bavaria, the project will now receive financial support from the mFUND of the BMVI as of 01.09.2019. With the  mFUND research initiative , the BMVI has been supporting research and development projects on data-based digital applications for mobility 4.0 since 2016. In addition to financial support, the  mFUND  supports networking between actors from politics, business and research with various event formats, as well as access to the data portal  mCLOUD .

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Approved

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Approved is included in 4 Expert Collections, including Mortgage Tech.

M

Mortgage Tech

174 items

R

Real Estate Tech

2,188 items

Startups in the space cover the residential and commercial real estate space with a focus on consumers. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and also tenant experience, property management, sm

S

Smart Money VCs (2017-2019)

6,297 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

F

Fintech

7,012 items

US-based companies

Approved Patents

Approved has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

8/19/2013

5/12/2015

Grant

Application Date

8/19/2013

Grant Date

5/12/2015

Title

Related Topics

Status

Grant

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