Variance Raises $21.5M Series A to Transform Risk Workflows with AI Agents, led by Ten Eleven Ventures. The funding will enhance their AI platform for financial institutions facing fraud and regulatory challenges.
Amount Raised
$21.5 Million
Round Type
Series A
Investors
Description
Variance, building AI investigative agents for risk and compliance, has announced a $21.5 million Series A funding round. The round was led by Ten Eleven Ventures, with participation from 645 Ventures, Y Combinator, Urban Innovation Fund, and Okta Ventures. This funding will enable Variance to deepen their investment in infrastructure for investigative AI agents and expand collaborations with financial institutions. Variance has raised a total of $26 million to date.
Quick answer
Variance raised $21.5 Million in a Series A round, dated March 31, 2026. Investors: Y Combinator, Urban Innovation Fund, Okta Ventures, 645 Ventures and Ten Eleven Ventures.
- How much did Variance raise?
- Variance raised $21.5 Million in a Series A round on March 31, 2026.
- Who invested in Variance?
- Y Combinator, Urban Innovation Fund, Okta Ventures, 645 Ventures and Ten Eleven Ventures are named as investors in this round.
- What does Variance do?
- Variance is a technology company that builds AI investigative agents aimed at transforming risk and compliance workflows for financial institutions and Fortune 500 companies.
- Where is Variance based and how big is it?
- Fundz records about 20 employees.
Source: Fundz verified event record.
Who else raised in Fintech and Software around the same time
Companies in the same sectors as Variance that raised within 45 days of this round, from Fundz verified event records.
- profitize raised $1.6M (Seed) on May 5, 2026.
- Quillon raised $1.5M (Pre-Seed) on April 24, 2026.
- Numos raised $4.3M (Seed) on April 2, 2026.
- Kudwa raised $1.1M (Seed) on March 17, 2026.
- BrightPlan Group raised an undisclosed amount (Funding Round) on March 13, 2026.
- Option Circle raised $3M (Seed) on March 11, 2026.
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Funding Insights
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