FounderRecord

Karun Kaushik

Founder · San Francisco

Karun Kaushik Indian-origin entrepreneur who dropped out of MIT at 21 to co-found Delve, an AI compliance automation platform that raised $32 million at a $300 million valuation led by Insight Partners before facing fraud allegations and parting ways with Y Combinator in 2026.

Last reviewed October 2026
Karun Kaushik
Photo: Delve / TechCrunch, 2025 (L-R: Selin Kocalar, Karun Kaushik)
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Overview

Karun Kaushik is the co-founder and chief executive officer of Delve, an AI-powered compliance automation company based in San Francisco.[1][6] He and co-founder Selin Kocalar dropped out of the Massachusetts Institute of Technology during their sophomore year in 2023 to build the company, which raised a $32 million Series A at a $300 million valuation led by Insight Partners in July 2025.[1] Kaushik was 21 years old at the time of the raise.[1]

Before MIT, Kaushik founded DemocratizeHealth during the COVID-19 pandemic, building an AI diagnostic tool for COVID-19 and pneumonia from chest X-rays that reached thousands of users in India.[1][18] He has described himself as a "double dropout," having left both a competitive high school and MIT before completing either program.[18] Between high school and college, he took approximately 25 community college classes.[18]

Delve graduated from Y Combinator's Winter 2024 batch and grew from zero to more than 500 customers in approximately eighteen months.[1][11] In March 2026, an anonymous whistleblower published allegations that the company had fabricated compliance audit evidence for clients.[8] Kaushik denied the allegations, and Y Combinator subsequently parted ways with Delve in April 2026.[3][2] Both Kaushik and Kocalar were named to the Forbes 30 Under 30 list in the Artificial Intelligence category in January 2026.[14][16]

Early life and education

Kaushik followed an unconventional educational path. He dropped out of a competitive high school and subsequently completed approximately 25 community college classes before enrolling at MIT.[18] He entered MIT around 2022 as part of the Class of 2026, studying Artificial Intelligence in Course 6-4.[1][2]

During his time at MIT, Kaushik worked as a research assistant in the Shoulders Lab in the Department of Chemistry from 2021 to 2023, where he developed massively parallel Rosetta-3 algorithms to predict the protein stability of the influenza spike protein.[18] He met Kocalar during their freshman year; the two were classmates and roommates who shared interests in AI and health technology.[1][11] Both withdrew from MIT during their sophomore year in 2023 to pursue Delve full-time.[1]

Career

DemocratizeHealth (2020–2023)

In March 2020, during the early months of the COVID-19 pandemic, Kaushik founded DemocratizeHealth, a web application that used AI to diagnose COVID-19 and pneumonia from chest X-rays.[1][18] The platform reached thousands of users in India and operated through August 2023.[1] The venture ran concurrently with Kaushik's enrollment at MIT and his research work in the Shoulders Lab.[18]

The experience of building a health technology product — and encountering the regulatory complexity of handling sensitive medical data — directly informed the founding thesis of Delve.[1]

Delve Technologies (2023–present)

Kaushik and Kocalar co-founded Delve in November 2023 in an apartment in the Mission Bay neighborhood of San Francisco.[1][11] The company was initially conceived as an AI-powered medical scribe to automate clinical documentation, but the founders pivoted after encountering the cost and complexity of achieving HIPAA compliance for their own product.[1][18] They redirected the company toward automating the compliance process itself, building AI agents that handle evidence collection, documentation, and audit preparation for frameworks including SOC 2, HIPAA, GDPR, ISO 27001, and PCI-DSS.[5][17]

Compliance frameworks are standardized. Businesses aren't. That mismatch is why traditional software breaks down and teams fall back to duct-taped workflows across email, Slack, and shared drives.TechCrunch · 2025

Delve was accepted into Y Combinator's Winter 2024 batch.[1][7] By January 2025, the company had 100 customers and raised a $3 million seed round from General Catalyst, FundersClub, and Soma Capital.[1] The team at that point consisted of eight employees, drawn from MIT, Stanford, and Berkeley.[11][5] Kaushik later said the company reached $1 million in annual recurring revenue before hiring its first salesperson, generating all early revenue through founder-led sales calls from the apartment.[18]

In July 2025, Delve closed a $32 million Series A led by Insight Partners at a $300 million post-money valuation — roughly a tenfold increase from the seed round.[1][4][17] The round included participation from CISOs at Fortune 500 companies.[17] At the time of the raise, the company reported more than 500 customers, including AI companies Lovable, Bland, and Wispr Flow.[1][4] Kaushik was 21 years old.[1] The New York Times featured Kaushik and Kocalar in an August 2025 article about young AI CEOs in San Francisco.[15]

Fraud allegations and Y Combinator departure (2026)

In March 2026, an anonymous author using the pseudonym "DeepDelver" published allegations on Substack that Delve had fabricated SOC 2 audit evidence for hundreds of clients and had used shell auditors to issue compliance reports.[8][13] TechCrunch reported on the allegations across multiple articles, and a second set of posts by the same whistleblower included additional documentation.[9]

Kaushik denied that Delve had fabricated final audit reports, characterizing the anonymous posts as relying on "a mix of fabricated claims, cherry-picked screenshots, and data taken out of context."[2][12] In a separate public statement, he acknowledged that the company had "grew too fast and fell short of our own standard" and apologized to customers.[3]

In April 2026, Y Combinator parted ways with Delve and removed the company from its directory.[3][7] The MIT student newspaper, The Tech, reported on the allegations and Kaushik's response.[2][10] A class action lawsuit was subsequently filed in the Northern District of California.[13] As of mid-2026, Delve stated it remained operational.[12][19]

Recognition

In January 2026, Kaushik and Kocalar were named to the Forbes 30 Under 30 list in the Artificial Intelligence category for their work building Delve.[14][16] Kaushik also completed the Z Fellows program, a selective fellowship for early-stage founders, prior to Delve's breakout growth.[18]

Media appearances

Public statements

Staff spend their days taking screenshots and filling out spreadsheets to prove compliance. We're building agents that automate this busywork.

On the compliance automation market — Artificial Lawyer, 2025[5]

There's so much happening in AI right now. Very few people are building strongly in the regulatory space. It's like, how do we actually safely build products that change the world?

On Delve's market positioning — AIMinds Podcast, 2025[18]

The anonymous posts rely on a mix of fabricated claims, cherry-picked screenshots, and data taken out of context. This framing is plainly designed to undermine confidence in Delve across customers, investors, team members, and auditors.

On the 2026 fraud allegations — The Tech (MIT), 2026[2]

We grew too fast and fell short of our own standard. To our customers, we deeply apologize for the inconveniences caused.

On operational shortfalls — TechCrunch, 2026[3]

Personal life

Kaushik is of Indian origin and is based in San Francisco.[11][15] He has spoken publicly about his parents' emphasis on completing college, noting that the decision to drop out carried particular weight given his family background.[11] In a year-end post on social media in late 2024, he noted that alongside scaling Delve he had run his first half marathon, completed a bootcamp with a Navy SEAL, and lost 30 pounds.[20]

References

  1. 21-year-old MIT dropouts raise $32M at $300M valuation led by Insight — TechCrunch, July 2025
  2. Delve, AI start-up founded by MIT dropouts, accused of fraud — The Tech (MIT), April 2026
  3. Embattled startup Delve has 'parted ways' with Y Combinator — TechCrunch, April 2026
  4. Delve secures $32m to automate compliance processes — Fintech Global, July 2025
  5. Delve Bags $32m For Agentic Compliance AI — Artificial Lawyer, July 2025
  6. Karun Kaushik, Delve Technologies Inc: Profile and Biography — Bloomberg
  7. Y Combinator Bet It All on AI. Now Founders Are Wondering If They Should Bet on YC — Inc., April 2026
  8. Delve accused of misleading customers with 'fake compliance' — TechCrunch, March 2026
  9. Delve whistleblower strikes again, with alleged receipts about 'fake compliance' — TechCrunch, March 2026
  10. Delve, AI start-up founded by MIT dropouts, accused of fraud — The Tech (MIT), April 2026
  11. 'It's normal in this city to be a dropout': AI founders are starting younger than ever — SF Standard, February 2025
  12. Defiant Delve Lashes Out Against Fraud Allegations — Inc., April 2026
  13. The Delve Scandal: A Y Combinator Darling Just Got Hit With a Bombshell Fraud Accusation — Inc., March 2026
  14. Delve – Forbes 30 Under 30 Profile — Forbes, January 2026
  15. AI Young CEOs San Francisco feature — The New York Times, August 2025
  16. Forbes 30 Under 30 – AI: Delve — Forbes, January 2026
  17. Delve Raises $32M Series A to Build AI Agents for Compliance — PR Newswire, July 2025
  18. AIMinds #049 | Karun Kaushik, Co-Founder and CEO at Delve — Deepgram / AIMinds Podcast, January 2025
  19. Delve Blog — Delve
  20. Delve Press Page — Delve

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FR-2026-0106·Updated October 1, 2026