Fundraising Fox

Variance

YC W23 ↗

San Francisco, US · Founded 2022 · Delaware corporation · 12 employees · 6 known investors

variance.com ↗

Variance provides AI agents that conduct financial crime investigations for regulated institutions, automating evidence collection and analysis across compliance levels while maintaining audit trails and explainability.

AI & Machine LearningCybersecurityEnterprise SoftwareFintechArtificial IntelligenceCompliancein /variancesafety@trustvarianceycombinator.com ↗

Founders & leadership· Y Combinator alumni (W23)

KMKarine Mellata
Karine Mellatain𝕏Founder
MLMichael Lin
Michael LininFounder
JG
James GrossExecutive Officer, Director
SS
Steve SchlafmanDirector
NB
Noah BrierExecutive Officer, Director

Investors · 6

645 VenturesNew York · $1M – $5M
Ten ElevenBurlingame · $3M – $15M
Urban InnovationSan Francisco · $500K – $3.5M
Y CombinatorSan Francisco · $500K
Okta VenturesreportedSan Francisco · $200K – $1M
RRE LeadersreportedNew York

Reported raises · per SEC filings

Form D private placements
▶$5.1MraisedMay 2019 · 14 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • James GrossExecutive Officer, Director
  • Steve SchlafmanDirector
  • Noah BrierExecutive Officer, Director
Offering amount
$5.1M
Amount sold
$5.1M
First sale
May 2019
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

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