# Kobalt Labs has raised a total of $12.7 million to automate compliance work.

*genai · news · 2026-02-27 · Forbes*

## Key points

- Kobalt Labs automates fintech compliance workflows, replacing manual processes with AI for third-party risk management.
- Kobalt's AI reduces marketing reviews by 75% and vendor reviews from hours to minutes, per internal metrics.
- Legacy compliance tools organize processes but fail to eliminate manual document review, which Kobalt directly addresses.
- Kobalt’s funding signals compliance automation is becoming central as AI agents proliferate in financial infrastructure.
- Kobalt already counts Chime, Bilt, Celtic Bank, and others among its fintech and banking clients.

**Companies:** Apple, FIS, Kobalt Labs, Chime, Bilt, Celtic Bank, Emprise Bank, American National Bank, Meriwest Credit Union
**Countries:** USA

[Read the full story on Forbes](https://www.forbes.com/sites/nicolecasperson/2026/02/27/kobalt-labs-raises-127-million-as-ai-agents-hit-fintech-compliance/)

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