Artificial intelligence (AI) is booming. Startups pitching AI products to investors seem to be thriving with billions of dollars being invested across Silicon Valley. Y Combinator is often behind many of these startup success stories. One such startup, called Delve, has found itself in trouble after an anonymous whistleblower – who goes by the name of DeepDelver – alleged that Delve stole an existing open-source tool and tried to sell it as their own product.

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Delve is a compliance startup with two Indian-origin techies, Karun Kaushik (CEO) and Selin Kocalar (COO), at the helm. Following the controversy, Delve was asked to leave YC on account of breach of trust, with president and CEO of Y Combinator Garry Tan himself confirming the news on Bookface, a YC forum for startup founders who are part of the community. The news was simultaneously confirmed by Delve as well.

What is Delve?

Delve is a compliance startup that was founded by Karun and Selin in 2023. The two dropped out of MIT to build Delve.

The startup promises to automate security and regulatory compliance, such as SOC 2, HIPAA, and GDPR for companies. The startup raised $32 million in a Series A round at a $300 million valuation last year.

What are the allegations against Delve?

Delve is facing serious allegations from an anonymous whistleblower known as DeepDelver. DeepDelver, who identifies as a former client employee, alleged that Delve produced fake evidence to demonstrate compliance.

The...

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