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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
2025-01
2025-07
2026-03
2026-04
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
1 layer disclosed in Delve’s embedded-finance stack
Treasury
Brex Treasury
Accounting gap: none

Delve — frequently asked

Who founded Delve?

Delve was founded by Karun Kaushik and Selin Kocalar and is founded in 2023, headquartered in San Francisco, CA.

How much funding has Delve raised?

Delve has raised $35.3M in total (latest round: Series A, July 2025; valuation: $300M post-money (2025)).

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