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 C on Growth Potential
Rated C 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

  • Oath raised $6.6 million seed in December 2025, funding product and hiring.
  • WSJ said Oath targets 80% automation, reducing labor intensity immediately.
  • May 2026 license lets Oath serve private companies, funds, and benefit plans now.

What critics are saying

  • PCAOB APS scrutiny in 2026 can tighten independence rules and disclosure burdens.
  • Oath is early-access, with no disclosed customers, revenue, or audit-scale proof.
  • Big Four and software incumbents can copy automation and pressure margins by 2027.

What makes Oath unique

  • Oath won its CPA license in May 2026 and signs opinions directly.
  • Christina Ho, former PCAOB board member, gives Oath regulator-grade credibility.
  • Its APS structure separates VC funding from the CPA-owned audit firm.

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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

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
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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