Start-up Haast has raised $6 million in a funding round led by venture capital group Airtree.

The Sydney insurtech, which counts Zurich, Aviva and Telstra among its customers, automates compliance through continuous risk monitoring.

“This funding will accelerate our team growth, US expansion and further development of our agents and platform,” co-founder Kunal Vankadara said. He says compliance technology is “entering a new era, where AI works hand in hand with human expertise to eliminate inefficiency, reduce risk and create space for more strategic work”.

Mr Vankadara, who formerly worked in law and consulting, previously told insuranceNEWS.com.au that “starting with regulatory review of marketing and public content, we’re one of the few AI companies in Australia entirely replacing a mission-critical process.

“Our AI replicates how a fifth-year compliance officer thinks about your risk.”

Haast uses large language models to automate key elements of compliance and help businesses mitigate risks before and after marketing content is published.

Its platform aggregates and indexes an organisation’s digital presence, so all web pages, documents, images, videos and HTML tags are monitored and issues are flagged.

Zurich’s local head of regulatory change Wessel van Keulen says Haast “has the potential to revolutionise how organisations like ours manage risk in a fast-evolving regulatory environment. We’re excited to see how their platform will continue to transform compliance workflows for the better.”