Delve just pulled in a $32 million Series A led by Insight Partners at a $300 million valuation. The AI compliance startup surprised everyone by moving fast after their $3 million seed round this January.
Delve automates regulatory compliance with AI agents that replace tedious manual work. Their customer base exploded from 100 to over 500 companies, including AI unicorns Lovable, Bland, and Wispr Flow.
Founders Karun Kaushik and Selin Kocalar met at MIT and started with an AI medical scribe in 2023. HIPAA compliance hurdles pushed them to build tools that speed up healthcare data compliance. That pivot landed them in Y Combinator and their seed backers like General Catalyst and FundersClub. 
The startup’s AI agents run in the background, pulling evidence, writing reports, and tracking audit logs across disconnected systems. It’s all about replacing the patchwork compliance workflows that slow companies down.
The team plans to expand beyond compliance into broader back-office tasks like cybersecurity and internal governance. Insight’s Praveen Akkiraju stressed how compliance modernization impacts entire organizations.
“Since compliance touches every part of how a business runs, from scaling operations to closing deals to building customer trust, modernizing this function will modernize the entire organization,” said Praveen Akkiraju, managing director at Insight.
“That’s what makes Delve’s approach so important.”
Competition is heating up with more AI agents entering the workflow space and giants like OpenAI pushing general-purpose tools. But COO Selin Kocalar says their edge is deep, domain-specific compliance knowledge and ongoing adaptation to evolving regulations.
“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 said.
“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.”
L-R: Selin Kocalar (COO) and Karun Kaushik (CEO)
Image Credits: Delve
