Synopsis
Both founders, Karun Kaushik and Selin Kocalar, hold a bachelor’s degree in artificial intelligence from the Massachusetts Institute of Technology and have also pursued scientific research projects. The two are now battling allegations of issuing hundreds of fabricated compliance certifications to Delve’s clients. This has resulted in their backer, Y Combinator, removing Delve’s profile from its startup directory.The statement follows allegations from late March 2026 that compliance certifications issued to hundreds of Delve clients may have been fabricated.
In its April 4 statement, the company said it could not comment earlier due to “ongoing cybersecurity and forensics investigations.” The allegations questioning Delve’s audit processes and internal controls drew scrutiny from customers and its backer, Y Combinator.
ET reported that Delve has since parted ways with Y Combinator, according to cofounder Selin Kocalar. The accelerator also removed Delve’s profile from its startup directory.
Founded in November 2023 by Karun Kaushik and Selin Kocalar, Delve is headquartered in San Francisco and was part of Y Combinator’s Winter 2024 batch.
The company builds software to automate compliance workflows, helping businesses obtain certifications such as SOC 2, ISO 27001, HIPAA, and GDPR. Such certifications are crucial for startups seeking enterprise clients, signalling that the company meets widely recognised security and privacy standards.
The startup recently closed a $32 million funding round at a $300 million valuation led by Insight Partners, Forbes reported.
