In the news: Kosli raises 100 MNOK in Series A
Startuplab member Kosli has secured a 100 MNOK Series A funding round led by Deutsche Bank and Heavybit. The compliance platform achieved this impressive milestone without incorporating any AI features — proving that solving real problems with solid technology still attracts major investment.
March 21, 2025
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Kosli's SaaS platform creates a continuous data layer over banking software development processes, automatically logging changes and ensuring compliance with regulatory requirements like the EU's DORA directive. This eliminates manual bottlenecks and streamlines audit processes in highly regulated industries.
Co-founders Mike Long (CEO) and James Logan (CCO) started their journey in Oslo in 2019 before expanding globally. The company has since moved its headquarters to San Francisco while maintaining significant operations in Oslo, with plans to open offices in Belgium and Denmark in the near future.
The funding will support Kosli's growth plans, including nearly doubling their team from 16 to 30 employees by the end of 2025. While proud of their success without AI features, Kosli is now exploring AI applications specifically for audit processes, where they see significant potential for efficiency improvements.
Read more about the funding round here: https://www.shifter.no/nyheter/oslo-startup-henter-over-100-millioner-helt-uten-ai-funksjoner/384220
Kosli's SaaS platform creates a continuous data layer over banking software development processes, automatically logging changes and ensuring compliance with regulatory requirements like the EU's DORA directive. This eliminates manual bottlenecks and streamlines audit processes in highly regulated industries.
Co-founders Mike Long (CEO) and James Logan (CCO) started their journey in Oslo in 2019 before expanding globally. The company has since moved its headquarters to San Francisco while maintaining significant operations in Oslo, with plans to open offices in Belgium and Denmark in the near future.
The funding will support Kosli's growth plans, including nearly doubling their team from 16 to 30 employees by the end of 2025. While proud of their success without AI features, Kosli is now exploring AI applications specifically for audit processes, where they see significant potential for efficiency improvements.
Read more about the funding round here: https://www.shifter.no/nyheter/oslo-startup-henter-over-100-millioner-helt-uten-ai-funksjoner/384220
