Delve, the AI compliance startup founded by MIT classmates Karun Kaushik and Selin Kocalar, has closed a $32 million Series A round at a $300 million valuation. The round, led by Insight Partners with participation from Fortune 500 CISOs, follows a rapid expansion since Delve’s $3 million seed raise earlier this year.
Delve uses domain-specific AI agents to automate regulatory frameworks like HIPAA, SOC 2, PCI, and GDPR — replacing hundreds of hours of manual audit preparation with intelligent, real-time workflows. The platform integrates with company systems to gather evidence, track changes, and manage compliance documentation autonomously.
Since launching out of Y Combinator in 2023, Delve has grown from 100 to over 500 customers, including fast-scaling AI startups like Lovable, Bland, and Wispr Flow. Originally conceived as a healthcare AI tool, Delve pivoted after grappling with the burdens of HIPAA compliance, seizing the opportunity to build a broader compliance automation platform.
With roots in MIT, Stanford, and Berkeley, the founding team plans to use the funding to scale operations and expand into adjacent domains such as risk, cybersecurity, and governance. Delve positions itself as the infrastructure layer for modern compliance in the AI era.
Featured image: Credit: Delve
