A startup called Delve Technologies Inc. is trying to use artificial intelligence agents to help companies improve their compliance postures, and it’s getting $32 million from backers to aid in that task.

The company’s Series A funding round, announced today, was led by the renowned software investor Insight Partners, and saw participation from a number of angel investors who are the chief information security officers of Fortune 500 enterprises.

Delve is trying to solve what it says is a growing bottleneck around corporate compliance, which is still a largely manual process that involves workers taking screenshots, updating spreadsheets and filling in various documents, eating up hours of time that could be used more productively.

The problem is that compliance touches almost every aspect of a business, whether it’s launching new products or closing new sales. Existing tools for ensuring compliance simply can’t keep up, with teams forced to rely on static checklists and rigid templates.

Delve co-founder and Chief Executive Karun Kaushik (pictured, second from right) said one key challenge is that compliance frameworks are standardized for businesses that are not. “That mismatch is why traditional software breaks down and teams fall back to duct-taped workflows across email, Slack and shared drives,” he explained.

The startup wants to automate this work with AI agents that it says act like a part of a company’s compliance team. By understanding company-specific context, they’re better able to navigate the fragmented systems businesses use and perform essential compliance checks.

Its Agentic AI Compliance platform incorporates specialized AI agents that scan code to check for vulnerabilities, and agents for infrastructure monitoring. The platform also governs access control to the various systems businesses use, plus autofill tools for filling in compliance-related questionnaires.

At present, Delve can automate compliance for some of the most widely used frameworks, including SOC 2, HIPAA, GDPR, ISO 27001 and PCI-DSS.

Delve co-founder and Chief Operating Officer Selin Kocalar (right) said these tools can help to automate various essential tasks that would otherwise take human teams hundreds of hours to perform, and indirectly grow companies faster. “Getting compliant faster unblocks deals, and eliminating busywork lets teams focus on what actually drives the business forward,” he said.

Today’s round comes about 18 months after Delve raised $3.3 million in seed funding, and since then it has grown its customer base to more than 500 enterprises, including many other AI startups. Those companies are choosing Delve because it helps them to get compliant in days, rather than weeks, the startup believes.

Going forward, Delve wants to expand its AI agents to automate more of the work involved in helping companies to get compliant. This includes support for additional compliance frameworks it doesn’t yet cover. It will also expand its teams to accelerate growth, it said.

Insight Partners Managing Director Praveen Akkiraju said AI is being used to accelerate productivity in many business operations, but has barely scratched the surface in terms of automating compliance.

“Compliance is still being managed like it’s the pre-AI era,” he said. “But compliance touches every part of how a business runs, from scaling operations to closing deals and building customer trust, so modernizing this function can modernize entire organizations.”

Photo: Delve Technologies