Delve
“Can AI agents fully automate the evidence-gathering and documentation grind of enterprise compliance certifications — and do so with verifiable integrity?”
Founded2023
HQSan Francisco, CA
FoundersKarun Kaushik, Selin Kocalar
Total raised$35.3M
Latest roundSeries A, July 2025
Valuation$300M post-money (2025)
IndustryVertical SaaS / Compliance
The story
Founded in 2023 by 21-year-old MIT dropouts, Delve set out to automate the tedious evidence-gathering and documentation work required for security and regulatory certifications like SOC 2, HIPAA, and GDPR. The company grew rapidly after Y Combinator and raised a Series A at a $300M valuation within months of its seed. In early 2026, Delve faced significant reputational damage from whistleblower allegations of faking compliance evidence and misappropriating open-source tools — a material risk given that its core product promise is trustworthy compliance automation.
Last 12 months
Product timeline
2023
Founded by MIT dropouts Karun Kaushik and Selin Kocalar; graduated from Y Combinator W2023 batch.· pivot
2025
Raised $3M seed round; launched AI compliance automation platform covering SOC 2, HIPAA, GDPR and 25+ frameworks.· banking
2025
Raised $32M Series A at $300M valuation led by Insight Partners.· acquisition
2026
Whistleblower allegations of 'fake compliance' and open-source attribution controversy emerged publicly.· pivot
The stack
0 layers disclosed in Delve’s embedded-finance stack
Accounting gap: none