When four million people spend their workdays managing compliance via screenshots, spreadsheets, and Slack messages, Delve says that its AI agents can free businesses from that grind. The San Francisco-based startup, founded by MIT dropouts Karun Kaushik and Selin Kocalar, has raised a $32 million Series A led by Insight Partners at a $300 million valuation. The round comes just six months after Delve’s $3.3 million seed raise and marks a tenfold jump in valuation.
Delve’s expansion signals how quickly the market for AI-powered business automation is maturing and how high the stakes are for young companies trying to define their category.
Automating the Compliance Bottleneck
Delve emerged from a practical need. In 2023, while building an AI medical scribe, Kaushik and Kocalar were forced to complete HIPAA compliance, a process they found prohibitively manual and expensive. They pivoted, deciding to automate compliance instead. The change of direction brought them into Y Combinator and helped secure early backing from General Catalyst, Soma Capital, and others.
Now, Delve automates regulatory compliance across more than 25 frameworks, including HIPAA, SOC 2, GDPR, and ISO 27001, using AI agents that run in the background like embedded team members. These agents integrate with a company’s existing systems to collect evidence, update audit logs, monitor infrastructure, and complete required documentation.
“Compliance frameworks are standardized. Businesses aren’t,” Kaushik told TechCrunch. “That mismatch is why traditional software breaks down and teams fall back to duct-taped workflows across email, Slack, and shared drives.”
The result is a function that often slows growth, rather than supporting it. Kocalar describes compliance as a necessary but unwelcome hurdle for sales, security, and product teams. “Getting compliant faster unblocks deals, and eliminating busywork lets teams focus on what actually drives the business forward,” she said.
Delve’s product is designed to reduce that friction. By functioning autonomously within fragmented enterprise environments, its agents reduce the hundreds of hours typically required to maintain compliance. The company claims its tools help clients cut timelines from weeks to days, an efficiency play with clear commercial upside.
Compliance Domain Specific Focus
Delve’s recent round saw participation from CISOs at Fortune 500 firms, a signal that the company’s product is resonating beyond startups. Since January, its customer base has grown fivefold to over 500 companies, including prominent AI startups like Lovable, Bland, and Wispr Flow. Delve also reported profitability and a doubling of revenue last quarter.
“We’re positioning ourselves to improve as AI advances and labs roll out more sophisticated agentic technologies,” Kocalar told TechCrunch. “But what truly sets us apart is the deep, domain-specific knowledge we’re building into the platform.”
Delve’s narrow focus on compliance, at least initially, could offer a competitive edge. While larger players like OpenAI are working on generalist agents, Delve is optimizing for a use case where regulations frequently evolve and implementation details vary widely across organizations. That domain depth is harder to replicate.
Insight Partners, which led the Series A, is betting on compliance as an entry point into broader enterprise automation. “Compliance touches every part of how a business runs, from scaling operations to closing deals to building customer trust,” said managing director Praveen Akkiraju. “Modernizing this function will modernize the entire organization.”
Delve’s own ambitions reflect that idea. The company plans to use the new capital to expand into adjacent domains like risk, cybersecurity, and governance. Its stated long-term goal: automating a billion hours of business busywork.
