"DeepDelver alleged that Delve fabricated evidence of board meetings, tests, and processes that never happened, forcing customers to choose between adopting fake evidence or performing mostly manual work."
"Delve claims to have helped customers such as Microsoft, Chase, PayPal, and American Express cut hundreds of hours of compliance busywork, but it remains unclear how many are still active users."
Delve, a compliance startup backed by Y Combinator, has disabled its demo feature following allegations of fabricating certifications for clients. An anonymous whistleblower, known as DeepDelver, claimed that Delve produced false compliance data and pressured clients into using this fabricated evidence. The controversy has led Insight Partners to remove an article detailing their $32 million investment in Delve. Founded in 2023, Delve claims to automate compliance processes for major companies, but the validity of its claims is now in question.
Read at TechCrunch
Unable to calculate read time
Collection
[
|
...
]