Delve Technologies Inc. secured $32 million in Series A funding. Insight Partners led the round for the company's agentic AI compliance platform. Angel investors, including Fortune 500 chief information security officers, also participated.
Delve addresses a growing bottleneck in corporate compliance, traditionally a manual process. This often involves extensive human effort, unlike automated solutions from companies like Vanta or Drata. Consequently, businesses face significant time consumption and inefficiency.
Automating Corporate Compliance with AI
Delve's Agentic AI Compliance platform incorporates specialized artificial intelligence agents. These agents act as part of a company’s compliance team. Specifically, they understand company-specific context to navigate fragmented systems.
The platform significantly reduces manual effort. It scans code for vulnerabilities, performs infrastructure monitoring, and governs access control. Furthermore, it provides autofill tools for compliance-related questionnaires, enhancing cybersecurity postures.
Delve currently automates compliance for widely used frameworks. These include SOC 2, HIPAA, GDPR, ISO 27001, and PCI-DSS, crucial for data privacy. Many businesses still rely on older GRC systems like ServiceNow for parts of their compliance.
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The company previously raised $3.3 million in seed funding 18 months prior. Since then, Delve has expanded its customer base to over 500 enterprises, including numerous other AI startups. Ultimately, Delve helps companies achieve compliance in days, not weeks.
Moving forward, Delve plans to expand its agentic AI compliance capabilities. This includes supporting additional compliance frameworks not yet covered. Moreover, the company will expand its teams to accelerate growth. Indeed, modernizing compliance functions can transform entire organizations.
