Variance, which develops AI agents for compliance and fraud investigations, raised a $21.5M Series A led by Ten Eleven Ventures and joined by YC and others (Ryan Lawler/Axios)

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Ryan Lawler / Axios:Variance, which develops AI agents for compliance and fraud investigations, raised a $21.5M Series A led by Ten Eleven Ventures and joined by YC and others  —  Variance, which builds AI agents for compliance and fraud investigations, raised $21.5 million in Series A funding, CEO Karine Mellata tells Axios exclusively.