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Delve, an AI-based platform that streamlines compliance, announced in July that it raised $32 million in its Series A funding led by global software investor Insight Partners. The funding comes after the company raised $3.3 million last year. According to TechCrunch, the Series A funding brings Delve to a $300 million valuation.
CEO Karun Kaushik and COO Selin Kocalar, two MIT AI researchers, started the San Francisco-based company in 2023. It now has a client list of over 500 companies, including AI startups like Lovable, Bland, and Wispr Flow.
Delve works to eliminate the manual work behind compliance by offering an AI agent that can handle myriad tasks to streamline the process.
“Compliance frameworks are standardized. Businesses aren’t,” Kaushik said in a statement. “That mismatch is why traditional software breaks down and teams fall back to duct-taped workflows across email, Slack, and shared drives.”
To come: Delve plans to use the funding to further its AI capabilities, grow its team (currently it has 11–50 employees, according to Crunchbase), and introduce new support methods for more compliance frameworks.
“We’re not just streamlining compliance, we’re helping businesses grow faster,” Kocalar said in a press statement. “Getting compliant faster unblocks deals, and eliminating the busywork lets teams focus on what actually drives the business forward.”
Scoping out the competition: As AI tools continue to innovate, platforms are able to take on more complex automation tasks, such as compliance.
“We’re positioning ourselves to improve as AI advances and labs roll out more sophisticated agentic technologies. But, what truly sets us apart is the deep, domain-specific knowledge we’re building into the platform,” Kocalar told TechCrunch. “Compliance is always shifting as new regulations emerge and existing ones evolve, with companies interpreting them in different ways. That’s where Delve stands out.”