A Miami-based startup just landed one of the bigger local funding rounds of the year. Comp AI, which builds AI-driven compliance software for growing tech companies, announced a $34 million Series A this month, with the round led by Coconut Grove’s Roo Capital alongside Grand Ventures.
Founded in early 2025, Comp AI automates the paperwork-heavy side of security and compliance work: employee onboarding checks, policy generation, evidence gathering, control monitoring, and vendor risk assessments. The pitch is speed. Instead of spending months chasing spreadsheets and audit documents ahead of a SOC 2 or HIPAA review, the company says its AI agents can get customers audit-ready in days. That message has resonated widely; Comp AI now counts more than 1,000 customers across healthcare, financial services, higher education, and professional services, and says its annual recurring revenue has grown 15-fold year over year while its team has grown tenfold.
The company is headquartered in Miami, with a smaller office in New York, and the new capital is earmarked largely for hiring across product, engineering, operations, sales, customer success, and marketing. For a city that has spent the past few years courting fintech and software companies away from more traditional tech hubs, a homegrown startup scaling this quickly is a notable data point, not just for Comp AI’s investors but for the broader argument that Miami can grow, not just import, tech talent.
CEO Lewis Carhart has framed the raise as a stepping stone rather than a finish line. Comp AI’s leadership has said it plans to push beyond point-in-time compliance checklists into continuous cybersecurity monitoring, essentially shifting from an annual audit mindset to real-time risk validation as a company’s systems and vendors change. It is a crowded space, with compliance-automation competitors popping up across the country, but the size of this round suggests investors are betting Comp AI’s Miami-built platform can hold its own.
Stories like this are also a reminder of how much is happening in South Florida’s business community beyond the headlines about tourism and real estate. From compliance software in Miami to service businesses in Hialeah and Fort Lauderdale, the region’s economy runs on companies that rarely make national news but matter enormously to their customers and employees.
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Source: Refresh Miami