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Sonar
Sonar

Sonar

Sonar builds AI agents and mortgage origination software for lenders and brokers.

Operating headquarters
New York City, NY, US🇺🇸
Founded
2018
Overview
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Employees
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Sonar is the public brand of Simplist Technologies, Inc., a New York company that sells AI-powered mortgage origination software to banks, lenders, and brokers. Its platform combines loan origination, point-of-sale, and CRM workflows with natural-language AI agents that automate processing, underwriting, and compliance tasks.

Co-founded by Anthony Sherman and Chris de la Motte, Sonar integrates with existing lender systems or runs as a full white-label stack, and is marketed as an enterprise alternative to fragmented mortgage tech stacks.

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Sonar - Quick Facts

Who are Sonar's competitors?

Companies similar to Sonar include Balerion AI, Qanta.ai, Mortgage365 and Wisor.

When was Sonar founded?

Sonar was founded in 2018.

Where is Sonar's headquarters located?

Sonar's headquarters is located in New York City, NY, US.

When was Sonar's last funding round?

Sonar's most recent funding round was for $15M (USD) in October 2020.

How much has Sonar raised to-date?

As of Oct 14, 2020, Sonar has raised a total of $18.6M (USD).

How many employees does Sonar have?

Sonar has 80 employees as of Feb 5, 2024.

Sonar - Classification

Industry
  • Mortgage Lending
Tags
  • Mortgage technology
NAICS
  • 522310Mortgage and Nonmortgage Loan Brokers
  • 520000Finance and Insurance
  • 522000Credit Intermediation and Related Activities
  • 522300Activities Related to Credit Intermediation
SIC
  • 6100Nondepository Credit Institutions
  • 6160Mortgage Bankers And Brokers
  • 6163Loan Brokers
Show 1 more industry code
SIC
  • 6000Depository Institutions