Haast raises $6 million to transform compliance with AI automation
Haast aims to reduce review time from weeks to hours for enterprises like Telstra and Zurich while addressing the increasingly complex regulatory environment.
Australian AI startup Haast has raised $6 million in seed funding to expand its compliance automation platform globally, helping businesses streamline complex regulatory processes and reduce manual work.
The round was led by Airtree, with participation from US-based defy.vc, Aura Ventures and Black Sheep Capital, and follows a $1.2 million pre-seed round in 2023.
"We're essentially creating a digital twin of a lawyer or a compliance officer," Kunal Vankadara, co-founder of Haast, told Capital Brief. "We're creating a replica of a lawyer's brain that continues to get taught more and more."
The funding will fuel the company’s international expansion, particularly into the United States, and support the development of new applications in areas such as contract review and anti-money laundering.
