Insight Partners removes investment post about Delve amid ‘false compliance’ allegations.

The controversy surrounding Delve, a compliance startup backed by Y Combinator Accused of forging certificates To its clients, it appears to have prompted its investors Insight Partners to delete an article explaining this 32 million dollars Investing in a startup.

The accusations were detailed last week in a Substack post by an anonymous whistleblower known as “DeepDelver,” who claims to be a former client. DeepDelver alleged that Delve fabricated compliance data for its customers.

The original text of the Insight Partners article, written by the company’s managing directors Teddy Wardi and Praveen Akiraju, among others, and titled “Scaling Compliance with Native AI: How Delve Saves Companies Time and Money in Crowded Compliance Works,” remains viewable. here Via the Wayback Machine, an Internet archive that saves snapshots of web pages.

Insight Partners did not immediately respond to TechCrunch’s request for comment.

Delve, founded in 2023, says it leverages artificial intelligence to automate the security and regulatory certification process, including SOC 2, HIPAA, and GDPR — standards that govern data security, health information privacy, and European data protection, respectively.

In their Substack post, DeepDelver claimed that Delve “fabricated evidence of board meetings, tests, and processes that never happened,” and then forced customers to “choose between adopting fake evidence or performing mostly manual work with little real automation or AI.”

The post also claims that Delve certifies its own reports rather than submitting to a second layer of independent scrutiny.

Delve responded to the accusations by saying that it does not issue compliance reports at all, and that it is instead an “automated platform” that ingests information about compliance and then provides auditors with access to that information.

Delve also said that its clients “can choose to work with an auditor of their choice or choose to work with an auditor from Delve’s network of independent, accredited third-party audit firms.” These auditors are “established companies that are widely used across the industry, including other compliance platforms,” the startup said.

In response to the accusation that it provides clients with “fake evidence,” Delve responded that it simply provides “templates to help teams document their processes against compliance requirements, as other compliance platforms do.”

While the company denies DeepDelver’s claims, the disabling of the “Book a Demo” function and the deletion of Insight Partners’ investment thesis article suggest that the startup is in a damage control phase, and that investors may be distancing themselves from the company.

Editor’s Note: This story has been updated to focus on Insight Partners removing its post about its investment in Delve. An earlier version of this story misstated that Delve had disabled the option to book a demo on its website, and that it claimed to have Microsoft, Chase, PayPal, and American Express as clients. The story has been corrected to remove those references.