"Delve's rapid growth led to multiple term sheets, culminating in a $32 million Series A at a $300 million valuation, reflecting a significant increase from earlier rounds."
"The team of AI researchers from esteemed institutions succeeded in automating regulatory compliance, drastically reducing the need for manual processes."
Delve, an AI compliance startup founded by Karun Kaushik and Selin Kocalar, experienced unexpected rapid growth after announcing a $3 million seed round. They received significant interest, leading to a $32 million Series A round, valuing the company at $300 million. Their customer base increased from 100 to over 500, including notable fast-growing AI startups. The founders shifted their focus from a medical scribe to automating tools for HIPAA compliance due to challenges with healthcare regulations, eventually raising funds through Y Combinator and other reputable investors.
Read at TechCrunch
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