San Francisco-based Delve, an artificial intelligence (AI) compliance automation firm, announced today it has secured $32 million in Series A funding, valuing the company at $300 million. The round was led by global software investor Insight Partners, with participation from Chief Information Security Officers (CISOs) at Fortune 500 companies. Delve CEO Karun Kaushik shared the news on social media, stating, > "Today, we're announcing our $32M Series A at a $300M valuation led by Insight Partners. Delve is automating busywork for humanity, starting with compliance."
Founded in 2023 by MIT AI researchers Karun Kaushik and Selin Kocalar, Delve specializes in using AI agents to streamline and automate complex compliance processes. The company's platform aims to free businesses from manual "busywork," enabling them to achieve and maintain certifications across various frameworks such as SOC 2, HIPAA, GDPR, ISO 27001, and PCI-DSS. This approach transforms compliance from a burdensome task into a more efficient, automated function.
The newly acquired capital will be strategically deployed to enhance Delve's AI capabilities, expand its team, and broaden support for additional compliance frameworks. Since raising $3.3 million in seed funding 18 months prior, the company has experienced rapid growth, now serving over 500 companies, including several fast-growing AI startups. This investment underscores the increasing demand for advanced solutions in the regulatory technology space.
Praveen Akkiraju, Managing Director at Insight Partners, highlighted the strategic importance of Delve's mission. "AI is fundamentally transforming how companies operate, yet compliance is still being managed like it’s the pre-AI era," Akkiraju stated, adding that modernizing this function will "modernize the entire organization." The global AI in compliance market, valued at $1.83 billion in 2023, is projected to grow at a compound annual growth rate of over 20% through 2030, indicating a significant market opportunity.
Delve's platform integrates specialized AI agents that act as a seamless part of a company's compliance team, handling tasks from real-time monitoring to autonomous evidence collection. This innovative approach eliminates hundreds of hours of manual processes, helping companies achieve certifications faster and focus on core innovation. The funding accelerates Delve's vision to make compliance a strategic advantage rather than a bottleneck for business growth.