21yearold MIT dropouts raise $32M at $300M valuation led by Insight | TechCrunch
News Source : TechCrunch
News Summary
- Delve, which automates regulatory compliance with AI agents, closed a $32 million Series A at a $300 million valuation.
- The round was led by Insight Partners, which took up most of the round, with participation from CISOs at Fortune 500 companies.
- The 2-year-old company, made up of AI researchers from MIT, Stanford, and Berkeley, has seemingly struck gold by using AI to eliminate hundreds of hours of manual processes.
- Long-term, the AI startup wants to automate a billion hours of other work — eventually expanding into adjacent areas like cybersecurity, risk, and internal governance.
Karun Kaushik and Selin Kocalar werent planning to raise a Series A so soon. Their AI compliance startup, Delve, which announced a $3 million seed round in January, was growing fast and signing custo [+4234 chars]
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