Compliance startup Delve has officially parted ways with the startup accelerator Y Combinator (YC). The company has been scrubbed from YC’s official portfolio directory, and its dedicated profile page has been removed from the accelerator's website.
Delve COO Selin Kocalar confirmed the news on X. "YC and Delve have parted ways," Kocalar wrote. "I still remember the day we interviewed for YC at MIT. We are very grateful for the community and for every founder friend we’ve met."
Investment firm Insight Partners previously took similar action, removing content related to its investment in Delve, though its primary blog post on the matter was later restored.
Facing Fraud Allegations and Data Leaks
Delve is currently mired in controversy. An anonymous Substack author going by "DeepDelver" published allegations accusing the company of defrauding its clients. The author, claiming to be a former client, grew suspicious after receiving leaked data concerning other Delve customers.
According to the allegations, while Delve promised clients adherence to privacy and security regulations, it allegedly bypassed critical compliance steps and utilized "certification mills" to auto-generate reports for audits. Furthermore, DeepDelver published what are purported to be internal Slack messages and video clips, accusing Delve of using open-source tools without authorization or proper attribution.
Security researcher James Zhou also claimed on X that he successfully accessed sensitive Delve data. Despite the mounting scrutiny, Delve continues to publicly address and refute the allegations that it misled its clients.
