SAN FRANCISCO (Diya TV) — AI startup Delve has raised $32 million in Series A funding, pushing its valuation to $300 million just months after closing a $3 million seed round.
The company, based in San Francisco, uses artificial intelligence to automate regulatory compliance. Its software eliminates the manual work that companies typically do to meet frameworks like HIPAA, SOC 2, and GDPR.
The round was led by Insight Partners, with participation from CISOs at Fortune 500 firms and other tech investors. Insight took a major stake, betting on Delve’s vision to transform compliance and, eventually, other parts of business operations.
Delve wasn’t looking to raise so soon. In January, the team had just come out of stealth mode after graduating from Y Combinator. But strong demand changed their plans. Customers were signing up fast, and investors started calling.
“We were growing quickly, and inbound interest kept coming,” said Selin Kocalar, Delve’s co-founder and chief operating officer. “We eventually fielded several term sheets.”Delve’s revenue has doubled in the last quarter. Its customer count has jumped from 100 in January to over 500 today. That includes rising AI startups like Lovable, Bland, and Wispr Flow.
The new funds will help Delve expand its AI platform and grow its team. Delve was founded by Indian American Karun Kaushik and Selin Kocalar, classmates who met during their freshman year at MIT. The pair initially built an AI-powered medical scribe to help doctors with patient notes. But dealing with health data brought them face-to-face with HIPAA compliance.
They soon realized the real opportunity was in making compliance easier.“Every company we talked to was struggling with it,” Kaushik said. So they pivoted. Delve began developing tools to help startups meet strict security and privacy standards. That pivot got them into Y Combinator and helped them raise their seed round from investors like General Catalyst and Soma Capital.
Compliance is critical for modern companies. It touches everything from launching products to closing enterprise deals. But it’s also a time-consuming task, often handled with screenshots, spreadsheets, and email threads.“Compliance frameworks are standardized. Businesses aren’t,” said Kaushik. “That mismatch makes traditional software break down.”
Delve tackles this with AI agents that act like internal team members. These agents work behind the scenes. They integrate with company systems and handle everything from gathering evidence to updating audit logs.“You don’t have to change how your company works,” said Kocalar. “Delve adapts to your systems and automates the hardest parts.”
Delve is starting with compliance, but its ambitions go further. The company wants to automate other back-office tasks like risk management, cybersecurity, and governance.“Compliance is just the beginning,” Kocalar said. “We want to eliminate a billion hours of busywork.”
Insight Partners shares that long-term vision. Managing Director Praveen Akkiraju said modernizing compliance can modernize entire organizations.“Compliance touches every part of how a business runs,” Akkiraju said. “Delve’s platform can unlock growth and help teams focus on innovation, not paperwork.”The AI space is getting crowded. General-purpose agents from labs like OpenAI can perform many tasks. But Kocalar says Delve’s focus on compliance gives it an edge.
“This space changes constantly as regulations evolve,” she said. “Our strength is our deep, domain-specific knowledge.”The team, made up of AI researchers from MIT, Stanford, and Berkeley, is focused on building agents that improve as the tech advances. But they’re staying rooted in compliance, where they see a clear need and a massive market.
Delve is already profitable and has eliminated tens of thousands of hours of manual work for its clients. The company believes it can help unlock billions in pipeline by speeding up compliance and freeing up teams to move faster.
With its latest funding, Delve is deepening its AI capabilities and hiring across key roles. The goal: keep growing fast while sticking to the mission of automating busywork for businesses everywhere.
“We’re just getting started,” Kaushik said.
