Oath

Oath

Independent verification platform for financial systems

Overview

Oath provides continuous, software-driven independent verification of financial systems, operating as a licensed audit firm. It re-performs standard audit procedures—transactions, balances, documents, calculations, and controls—by connecting directly into client accounting systems. Instead of a once-a-year audit, it runs verification at the speed and scale of the software that produces the numbers, aligned with monthly close and available on-demand. Its goal is to automate about 80% of audit work while leaving final judgment to human auditors, focusing first on private companies, funds, employee benefit plans, and nonprofits before expanding to public markets.

Launched Recently

About Oath

Simplify's Rating
Why Oath is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Data & Analytics

Enterprise Software

Cybersecurity

Financial Services

Company Size

11-50

Company Stage

Seed

Total Funding

$6.6M

Headquarters

Chicago, Illinois

Founded

2025

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Simplify's Take

What believers are saying

  • May 2026 seed funding gives Oath runway for hiring and productization.
  • M25 and job postings show active demand for hybrid auditor-engineer talent.
  • Private-company and fund audits fit Oath's continuous-close workflow better than public-company audits.

What critics are saying

  • If PCAOB or state boards reject AI-heavy procedures, Oath's model stalls quickly.
  • Big Four and established regional firms can copy workflows and undercut pricing by 2027.
  • Audit liability from one failed opinion could destroy trust and future licensing.

What makes Oath unique

  • May 2026 CPA license lets Oath sign audits, not just sell software.
  • Oath runs continuous verification inside client systems, not annual sample-based consulting.
  • Ex-PCAOB regulator Christina Ho strengthens credibility with audit standards and independence.

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Funding

Total Funding

$6.6M

Above

Industry Average

Funded Over

1 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Above Average

Industry standards

$3.3M
$2M
Netflix
$2.3M
Instacart
$3M
Robinhood
$6.6M
Oath

Benefits

Company Equity

Remote Work Options

Flexible Work Hours

Company News

The Finance Story
Jun 10th, 2026
Ex-PCAOB regulator QUITS…joins AI Audit startup targeting 80% Automation

US based Oath is trying to automate 80% of the audit work, with AI. Data extraction, document review, population testing, and similar mundane tasks are ripe for AI disruption. But it will never be 100% automated, as the Audit process still needs the final layer of professional

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