AuditCue is a SaaS product that reimagines how risks, controls & audits work together. It removes friction from audits and empowers auditors
Chennai-based AuditCue, an audit, and risk SaaS start-up, has raised $1.5 Mn in a seed funding round led by Kalaari Capital. Other investors who participated include Java Capital and angel investors from San Francisco. The capital infusion will be allocated towards product development, accelerating the go-to-market strategy, and growing the engineering team, said the company.
Founded in 2022 by Gaurav Kulkarni and Naren Janakiraman, AuditCue calibrates, guides, and streamlines all actions that are part of an audit lifecycle. AuditCue transforms the risk and audit experience for auditors and auditees. The start-up elevates customers’ audit and risk programs, speeds up audit cycles, and improves process resiliency without compromising on agility.
Gaurav Kulkarni, co-founder and CEO of Auditcue says, “AuditCue is built for CISOs in regulated markets who keep pace with multiple compliance regimes. Unlike legacy solutions or automation products, AuditCue removes friction from audits and empowers auditors and auditees through the entire lifecycle of risk and audit programs. We are transforming the risk and audit experience for our customers to make audits seamless. With this funding round, we aim to expand further into our primary geographic markets of North America, India, and the EU.”
Vani Kola, founder and managing director of Kalaari Capital, says “The $120B global audit and GRC market is ripe for disruption with new-age tools. The founding team brings complementary skills and we are excited to back their vision.”
AuditCue’s SaaS solution elevates customers’ audit and risk programs, speeds up audit cycles, and improves process resiliency without compromising on agility.