SecurityWeek · Apr 2026
SecurityWeek reported the Series A, investors, total funding of roughly $26M, and the platform’s KYC/KYB/AML and transaction-monitoring use cases, including context-engine and compliance-procedure enforcement details.
Company research
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Overview
Variance (formerly Intrinsic) is a San Francisco-based B2B AI software company that builds investigative AI agents for compliance, fraud, AML/KYC/KYB, transaction monitoring, and due-diligence workflows. It sells to regulated enterprises and financial institutions, emphasizes auditability and policy-as-code controls, and is backed by Y Combinator and Ten Eleven Ventures.
Primary product
AI agents for risk, compliance, fraud, KYC/KYB, AML, and transaction monitoring investigations
Founded
2023
Headquarters
San Francisco, California, United States
Team size
11-50
Work style
Onsite
Industry
Software Development
Sub-industry
RegTech / AI risk investigations