In the wave of entrepreneurship, many young people are pursuing their dreams, and Karun Kaushik and Selin Kocalar, two 21-year-old dropouts from MIT, are reshaping the future of compliance processes with their AI compliance startup Delve. Having just completed a $32 million Series A funding round, Delve's valuation has reached $300 million, an achievement that has drawn envy from many entrepreneurs.
The founding team of Delve are top talents in the AI field, with backgrounds from MIT, Stanford, and Berkeley. Although their initial goal was to develop an AI medical record assistant to help doctors handle patient documents, they quickly shifted direction after facing complicated HIPAA compliance requirements, deciding to help other companies achieve compliance faster and more efficiently.
Since its inception, Delve's customer base has surged from 100 at the start of this year to 500, including fast-growing AI unicorns such as Lovable, Bland, and Wispr Flow. Its core technology involves using AI agents to automate compliance work, reducing the cost and time consumption of manual efforts. The founders stated that traditional compliance processes often rely on informal methods such as emails, Slack, and shared drives, which make it difficult for businesses to expand and operate. Delve integrates with customers' existing tools, allowing these AI agents to work quietly in the background, automatically collecting evidence, writing reports, and updating audit logs, achieving real-time automation of compliance workflows.
Delve's success is no accident; Insight Partners, an investor, has high expectations for its future, believing that modernizing compliance will drive upgrades across the entire enterprise operations. Kocalar pointed out that as customer needs become more diverse, Delve plans to expand into areas such as cybersecurity, risk management, and internal governance, aiming to automate more back-end business processes in the future.
Of course, the market competition is fierce, with various AI companies and large labs like OpenAI also launching general-purpose agent tools to automate business processes. However, Kocalar believes that the emergence of these competitors actually validates Delve's business model and market demand. With in-depth knowledge and professional expertise in the compliance field, Delve expects to maintain its leading position in this ever-changing market.