Deutsche Bank’s Corporate Venture Capital group and Heavybit have jointly led a Series A financing round for Kosli, a provider of automated governance solutions for software delivery.
Defined Capital, Transpose Platform, and various angel investors also participated in the fundraise.
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The investment will fuel the expansion of Kosli Enterprise, a platform tailored for financial services with features such as support for large user bases, change management automation, and audit evidence generation.
The new funding will enable Kosli to speed up its growth, expand its team, and continue developing its technology to automatically record and control the software delivery process.
Deutsche Bank’s technology, data and innovation division engineering platforms and practice head Martin Reeves said: “Kosli addresses the specific needs of software development teams that operate in highly regulated industries.
“We are delighted to partner and collaborate with Kosli to drive our vision of a highly efficient, transparent, and secure software development lifecycle that empowers our engineers to focus on developing solutions for the bank’s clients.”
Since its inception in 2019, Kosli has been supporting financial institutions to balance the rapid changes in software development with the necessary governance controls.
Kosli CEO and co-founder Mike Long said: “Right now, teams in regulated industries are basing control and audit decisions on information that is written into text boxes.
“It destroys software delivery performance with manual work, and piles up errors and risks that are found retrospectively in audits or system failures.”
The development comes on the heels of Deutsche Bank’s announcement to reduce its retail banking workforce by nearly 2,000 in 2025 and significantly downsize its branch network.
