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AI Startup Delve Raises $3 Million to Automate Compliance Busywork

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Delve, a San Francisco startup that uses artificial intelligence agents to collect and verify compliance evidence for businesses, just launched from stealth with $3.3 million in funding, the startup tells Business Insider exclusively.

Businesses handling data at scale need to collect and submit a variety of documents to show compliance with data and security standards. Legacy systems for gathering this evidence require teams to manually collect screenshots of security configurations.

“Compliance is one of those industries that’s silently waiting for its revolution,” said Selin Kocalar, a cofounder and chief operating officer of Delve.

Delve says it saves customers hours of busywork by using agents — software that can perform specific tasks without much human intervention — to collect evidence across web apps, internal tools, and custom software. For example, a customer can write a single instruction and Delve’s agents automatically collect the required screenshots. The platform continuously monitors the customer’s tech stack and alerts team members of compliance gaps before they affect security.

Delve says it has reached a revenue run rate of several million dollars and has signed over a hundred customers, including 11x, the Andreessen Horowitz-backed sales automation platform and Bland, a startup developing agents for phone-based tasks. Delve investors include Y Combinator, General Catalyst, FundersClub, and Soma Capital.

The startup’s founders, Kocalar and Karun Kaushik, met as classmates at the Massachusetts Institute of Technology and started working on a medical scribe solution. They saw up close the pains of showing compliance with HIPAA, a federal law that protects the privacy and security of health information, and decided to switch to building Delve.

According to Kocalar, the platform now covers SOC 2, HIPAA, ISO 27001, GDPR, PCI DSS, and custom frameworks, with additional certifications in the works.

Businesses are increasingly turning to agents like Salesforce’s Agentforce and Microsoft’s Copilot to help them automate tasks and offload busywork. Investors are taking notice. In 2024, according to PitchBook data, startups exploring the application of agents raised $8.2 billion in funding. Some of that money flowed to startups in compliance, such as Norm Ai, which converts regulations from public laws to company policies into working computer code, and Greenlite, which applies agents to financial compliance.





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Funding & Business

Trump’s One Big Reverse Stimulus

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Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting.



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Funding & Business

Brazil Coffee Growers Plant More Trees in Bid to Boost Output

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Brazil, which already ships three in every 10 bags of coffee traded globally, is planting more trees in a bid to ramp up output.



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Musk Needs to Focus on Tesla, Not Trump, Says Azoria CEO

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Azoria CEO James Fishback says Elon Musk should focus his time on Tesla and SpaceX and not trying to sabotage President Donald Trump. Fishback, a shareholder, says if Musk doesn’t want to be a fulltime CEO, he “should tell us now.” Fishback speaks on “Bloomberg Technology.” (Source: Bloomberg)



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