PPetual builds an AI-powered platform for enterprises to manage audit and compliance. It automates audit testing for SOX, operational, financial, and compliance risks using intelligent agents that can analyze entire data populations, automate evidence collection and annotation, and produce audit-ready workpapers in minutes. The platform can be deployed as SaaS or self-hosted to fit existing workflows and maintains zero-data retention for its AI models, with SOC 2 Type II certification. This combination of audit leadership experience and scalable AI enterprise infrastructure sets Petual apart from competitors by delivering higher precision and wider coverage than manual testing while ensuring data control. Petual aims to reduce manual work and enable audit and risk teams to focus on strategic risk management, offering continuous monitoring and actionable risk insights for both enterprises and professional firms.
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Industries
Company Size
11-50
Company Stage
Early VC
Total Funding
$20M
Headquarters
San Francisco, CA
Founded
2024
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Total Funding
$20M
Above
Industry Average
Funded Over
1 Rounds
Petual, an AI-powered audit and compliance platform, has raised $20 million in new funding, according to filings with the US Securities and Exchange Commission. The securities were sold under Rule 504 or 506 of Regulation D or Section 4(a)(5) of the Securities Act of 1933. The company develops agentic AI technology for control testing, enabling organisations to improve audit quality and operational efficiency. Petual's platform aims to help drive AI-native audit functions at scale. The filing was made within 15 days of the first sale of securities in the offering. Further details about investors and the funding round were not disclosed in the regulatory filing.
Petual, an AI-powered platform for audit and compliance, has raised $20 million from Andreessen Horowitz, First Round Capital, Cowboy Ventures and Elad Gil. The funding will accelerate product development and go-to-market efforts. The company brings agentic AI to Sarbanes-Oxley compliance testing and internal audit, automating evidence gathering and work paper generation. Petual's platform processes structured and unstructured evidence including screenshots, PDFs and Excel files to generate complete work papers in minutes, compared to the hundreds of hours typically required manually. Early customers, including S&P 500 and NASDAQ 100 companies across energy, software, manufacturing and financial services sectors, report efficiency gains of 68 to 80 per cent on SOX workflows. Founded by former Retool engineering leader Snir Kodesh, the team includes veterans from Stripe, Lyft and Big Four firms.
/PRNewswire/ -- Petual, an AI-powered platform for audit and compliance, today announced it has raised $20 million from Andreessen Horowitz, First Round...
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Industries
Company Size
11-50
Company Stage
Early VC
Total Funding
$20M
Headquarters
San Francisco, CA
Founded
2024
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs