Kobalt Labs raised USD 11 Mn in Series A round
Kobalt Labs has raised an $11M Series A, led by Ali Rowghani at First Harmonic, with participation from Alloy Labs, Y Combinator, and others.
Kobalt’s AI agents automate and strengthen risk and compliance workflows for financial institutions, starting with third party risk management, internal audit, and marketing compliance.
Kalyani Ramadurgam – CEO, Kobalt Labs said, “We’re incredibly proud to be trusted across the financial ecosystem, from innovative fintechs like Chime and Bilt to institutions managing billions in assets like Emprise Bank, Celtic Bank, American National Bank, and Meriwest Credit Union.”
Financial institutions are under immense pressure to balance innovation and speed with increased regulatory scrutiny, especially around third party risk management.
These teams want to do things right, but legacy processes have stretched them thin, putting both consumers and institutions at risk – it can’t scale.
Kobalt reimagines TPRM and compliance, and empowers our customers with an agentic platform that:
- completely automates the manual elements of vendor and fintech partner oversight
- intelligently orchestrates end to end flows so teams can focus on compliance, not project management
- reviews and strengthens critical internal materials against the evolving regulatory landscape, including policies, procedures, and marketing collateral
- cuts operational costs, accelerates third party onboarding, and reduces compliance risk
Kobalt Labs modernizes third party diligence for fintechs and financial institutions. Within minutes, sync with any regulation, find risks in documentation, scan for negative news on a third party, and set up seamless relationship management and ongoing monitoring. Kobalt enables your team to strengthen diligence, minimize compliance costs, and scale operations without scaling headcount. Founding team from Stanford, Apple Pay, and Affirm, and well-capitalized and advised by YCombinator and a network of banking executives and former regulators.
