Variance
Variance is a company based in United States. Builders in Fintech has recorded 1 equity round for Variance: a series a round of $21.5M on 31 March 2026.
Added ·
- $21.5M
- Series A · $21.5M · 31 March 2026 · led by Ten Eleven Ventures
Timeline
Series A · $21.5M · Ten Eleven Ventures (lead), 645 Ventures, Okta Ventures, Urban Innovation Fund, Y Combinator
All funding rounds in the database
Product
AI agents for AML and fraud investigations, from L1 to L3 reviews
Compliance and RegTech
Variance builds AI agents that take on investigative work for compliance and risk teams at financial institutions, from level 1 to level 3 reviews, with consistency, auditability and traceability. Teams write their policies and standard operating procedures in plain English and the agents enforce them on every case, using first-party tools to extract, parse and verify documents (from ID cards to incorporation filings) and external intelligence from the open web, sanctions lists, OSINT databases and adverse media. A context engine links entities across data sources into a single 360° view for UBO and network analysis. Every decision comes with an evidence trail, cited sources and step-by-step reasoning, and the agents learn from analyst feedback. Use cases include KYC, anti-money laundering and fraud; the company says its agents gather 90% of the evidence per case and cut investigation cycles tenfold, and it serves Fortune 500 customers.
Agent-Ready: not yet assessed · How we check
Description from the company website · Source