India’s AuditCue raises $1.5m in Seed Round led by Kalaari Capital
By Gloria Mathias
Chennai-based AuditCue, an audit & risk SaaS startup, has raised $1.5 million in a seed funding round led by Kalaari Capital. Funds raised will be used for building the product and expanding the GTM & engineering team.
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.
Founded in 2022 by Gaurav Kulkarni and Naren Janakiraman, AuditCue calibrates, guides, and streamlines all actions that are part of an audit lifecycle. The startup transforms the risk & audit experience for auditors & auditees. It elevates customers’ audit & risk programs, speeds up audit cycles and improves process resiliency without compromising on agility.
Gaurav Kulkarni, Co-founder & CEO, Auditcue said, “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 & auditees through the entire lifecycle of risk & audit programs. We are transforming the risk & 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 & EU.”
Vani Kola, Founder & 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 has been in stealth mode until now, working with industry experts & advisors to reimagine how risks, audits & controls work together. With this round, the company is gearing up to open access to their solution for companies that are looking for a better way to manage risks & compliance.
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