Fundraising of $32 Million during Series A to construct artificial intelligence agents for adherence matters
## Delve's $32 Million Series A Funding Aims to Revolutionise Compliance with AI
Delve, a San Francisco-based AI company, has secured a $32 million Series A funding round, led by Insight Partners. The investment also includes participation from CISOs at Fortune 500 companies, marking a significant step towards modernising compliance processes[1][2][3].
## Delve's Vision for the Future
The funding will be utilised to: - **Enhance AI Capabilities**: To further develop its AI-driven compliance platform, automating more complex processes. - **Support More Compliance Frameworks**: To expand its support for various regulatory frameworks such as SOC 2, HIPAA, ISO, GDPR, and more. - **Workforce Expansion**: To grow the workforce to meet the increasing demand for its compliance solutions[1][3].
## Transforming Compliance with AI
Delve's mission is to revolutionise compliance processes by leveraging AI. The company aims to: - **Automate Manual Tasks**: By using AI agents to automate tasks such as evidence collection, document tracking, and security configuration monitoring. - **Reduce Compliance Time**: Enabling businesses to achieve compliance in days rather than months, reducing labor costs and accelerating contract cycles[2][3]. - **Increase Efficiency**: Streamlining compliance processes helps businesses secure contracts and reduce the workload associated with regulatory compliance[3].
Praveen Akkiraju, Managing Director at Insight Partners, noted that AI is fundamentally transforming how companies operate, yet compliance is still being managed like it's the pre-AI era. He emphasised that Delve's platform is designed to accommodate modern businesses with an AI-native approach[2].
## Empowering Emerging AI Startups
Delve's platform supports compliance for emerging AI startups such as Lovable, Bland, and Wispr Flow[2]. This underscores the company's commitment to helping businesses grow faster by eliminating compliance busywork and unblocking deals.
The funding round's success underscores the growing recognition of the need for modern, AI-driven compliance solutions. As more businesses embrace AI, the demand for efficient and streamlined compliance processes is set to increase[1]. Delve's platform, with its AI-native approach, is well-positioned to meet this demand, ensuring that businesses can focus on growth, rather than being bogged down by compliance tasks.
[1] https://www.techcrunch.com/2021/02/23/delve-raises-32m-to-build-an-ai-native-compliance-platform/ [2] https://venturebeat.com/2021/02/23/delve-raises-32m-led-by-insight-partners-to-help-businesses-automate-compliance-and-grow/ [3] https://www.businesswire.com/news/home/20210223005333/en/Delve-Raises-32-Million-Series-A-Funding-Led-by-Insight-Partners-to-Build-an-AI-Native-Compliance-Platform
Finance plays a significant role in Delve's mission to revolutionize compliance, as the $32 million Series A funding will be used to expand the AI-driven compliance platform, enabling the automation of more complex processes.
Investing in Delve's platform also signifies a strategic move towards leveraging artificial intelligence to manage compliance tasks, aligning with the growing trend of businesses embracing technology for business operations.
