AI Compliance Startup Delve Raises $32M Series A at $300M Valuation
Delve Secures $32M to Transform AI-Driven Compliance Automation
In a significant move for the AI compliance sector, Delve, a startup founded by 21-year-old MIT dropouts Karun Kaushik and Selin Kocalar, has raised $32 million in Series A funding at a $300 million valuation. The investment round was led by Insight Partners, with additional participation from security leaders at Fortune 500 companies.
Rapid Growth Fueled by AI Agents
Delve was not actively seeking new funding, but strong inbound interest drove the round to close swiftly. Since its $3 million seed round in January, the company has seen its customer base grow from 100 to over 500 organizations, including fast-growing AI startups like Lovable, Bland, and Wispr Flow.
Delve’s core offering is AI-powered agents that automate regulatory compliance tasks—such as collecting evidence, writing reports, maintaining audit logs, and tracking configuration changes—directly within customers’ existing tools. This approach eliminates hundreds of hours of manual work and helps companies achieve compliance with frameworks like HIPAA, SOC 2, PCI, GDPR, and ISO.
L-R: Selin Kocalar (COO) and Karun Kaushik (CEO). Image credits: Delve
From MIT Classmates to Industry Disruptors
Kaushik and Kocalar began as MIT freshmen with a passion for AI and health tech. Their journey started with a project to help doctors document patient visits, but they quickly encountered the complexities of HIPAA compliance. Realizing the broader challenges of regulatory paperwork, they pivoted to focus on AI-driven compliance solutions. This strategic shift earned them a spot in Y Combinator and early backing from General Catalyst, FundersClub, and Soma Capital. Both founders ultimately left MIT during their sophomore year to pursue Delve full-time.
Solving the Compliance Bottleneck
Manual compliance processes are often a major barrier for businesses aiming to launch products and close enterprise deals. Traditional software tools struggle to keep up because, as CEO Kaushik notes, "Compliance frameworks are standardized. Businesses aren’t." Delve’s AI agents integrate seamlessly into workflows, automating the tedious aspects of compliance so teams can focus on growth.
A Vision Beyond Compliance
COO Selin Kocalar sees compliance as just the first step in Delve’s broader mission. The company aims to automate a billion hours of back-office work, eventually expanding into areas like cybersecurity, risk management, and internal governance.
Insight Partners shares this vision. Praveen Akkiraju, managing director at Insight, commented, "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."
Navigating a Competitive Landscape
The rapid growth of AI agents in business automation means Delve faces increasing competition, including from major labs like OpenAI developing general-purpose agents. However, Delve differentiates itself through deep, domain-specific expertise, continually updating its platform to keep pace with evolving regulations and customer needs.
Kocalar explains, "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."
Looking Ahead
With fresh capital and strong industry backing, Delve is well-positioned to transform how companies approach regulatory compliance—and potentially much more—in the age of AI automation.
