News Summary

Delve, an AI compliance startup founded by MIT dropouts Karun Kaushik and Selin Kocalar, has successfully raised a $32 million Series A round at a $300 million valuation. The funding was led by Insight Partners, with participation from CISOs at Fortune 500 companies. Delve automates regulatory compliance processes using AI agents, significantly reducing manual work and streamlining business operations. The startup grew its customer base from 100 to over 500 companies, including fast-growing AI startups. Initially focused on HIPAA compliance, Delve expanded to support other frameworks such as SOC 2, PCI, GDPR, and ISO, aiming to automate a billion hours of back-office operations. Delve’s approach is distinguished by its deep domain-specific knowledge, setting it apart from more general-purpose AI solutions.