Variance, building AI investigative agents for risk and compliance, announced a $21.5 million Series A funding round to expand its agentic AI platform for financial institutions and Fortune 500 companies. The round was led by Ten Eleven Ventures, with participation from 645 Ventures, Y Combinator, Urban Innovation Fund, and Okta Ventures. Variance has raised $26M to date and will use this fresh round of capital to deepen their investment in the infrastructure required for investigative AI agents, and expand their work with financial institutions.