Young Entrepreneurs Disrupt Compliance with $32M AI Venture

Cambridge, MA – At just 21 years old, MIT dropouts Karun Kaushik and Selin Kocalar have achieved what many seasoned entrepreneurs dream about: their AI compliance startup Delve has closed a $32 million Series A round, catapulting the company to a $300 million valuation.

From Medical Tech to Compliance Revolution

The founders initially set out to develop an AI medical record assistant, but pivoted after encountering complex HIPAA requirements. "We realized the bigger pain point was helping companies navigate compliance itself," Kocalar told reporters.

How Delve's Technology Works

The platform deploys AI agents that integrate with existing enterprise tools (email, Slack, shared drives) to:

• Automatically collect compliance evidence
• Generate audit reports
• Maintain real-time logs

This automation reduces manual compliance work by up to 80%, according to company benchmarks. Since January, Delve's client roster has grown from 100 to 500 organizations, including AI unicorns Lovable, Bland, and Wispr Flow.

Investor Confidence and Market Potential

"Compliance modernization will drive the next wave of operational efficiency," said a spokesperson from Insight Partners, the lead investor. The funding will accelerate expansion into:

• Cybersecurity compliance
• Risk management systems
• Internal governance automation

Competitive Landscape

While giants like OpenAI develop general-purpose business automation tools, Kocalar remains confident: "Our specialized compliance expertise creates a defensible moat. These competitors actually validate the market need we identified early."

The team plans to double its engineering staff within six months while maintaining focus on regulated industries like healthcare and finance.

Key Points:

• $32M Series A at $300M valuation
• 500% client growth since January 2025
• AI agents automate evidence collection and reporting
• Expansion into cybersecurity and risk management underway