AI Startup Delve Secures $3.3M Funding, Launches Automated Compliance Platform
Staff Editor AI Startup Delve Emerges from Stealth with $3.3 Million in Funding
San Francisco-based AI startup Delve has officially launched, revealing $3.3 million in funding as it exits stealth mode. The company specializes in automating compliance evidence collection for businesses using advanced AI agents, addressing a critical need in the industry.
Delve’s innovative platform aims to revolutionize traditional compliance systems, which typically require manual collection of evidence. By automating this process, the startup has quickly gained traction, achieving a revenue run rate of over $1 million and securing more than 100 customers.
The company’s AI agents streamline the collection and verification of compliance evidence, significantly reducing manual busywork. Delve’s platform gathers evidence from various sources, including web applications, internal tools, and custom software. Customers can issue a single instruction for agents to collect necessary screenshots, while continuous monitoring of tech stacks helps identify compliance gaps before they impact security.
Among Delve’s impressive customer base are notable companies such as 11x and Bland. The startup has attracted investments from prominent firms including Y Combinator, General Catalyst, FundersClub, and Soma Capital.
Founders Selin Kocalar and Karun Kaushik, who met at MIT, initially worked on a medical scribe solution before pivoting to create Delve. Their experience with HIPAA compliance challenges inspired the development of their current platform.
Delve’s compliance coverage currently includes SOC 2, HIPAA, ISO 27001, GDPR, PCI DSS, and custom frameworks, with plans to expand certification coverage in the future.
The emergence of Delve aligns with broader industry trends, as businesses increasingly adopt AI agents to automate tasks and reduce busywork. In 2024, startups leveraging AI agents have raised a significant $8.2 billion in funding. Other players in the compliance space include Norm Ai and Greenlite, which focus on regulations and financial compliance respectively.
As Delve continues to grow and expand its offerings, it is poised to make a significant impact in the rapidly evolving landscape of AI-driven compliance solutions.
