SaaS startup AuditCue has secured $1.5 million in a seed funding round led by Kalaari Capital. Java Capital and San Francisco-based angel investors were among the additional investors who took part in the round.
According to the business, the capital would be used for product development, a faster go-to-market plan, and growing the engineering staff.
“With this funding round, we aim to expand further into our primary geographic markets of North America, India and EU,” said co-founder and CEO Gaurav Kulkarni.
Gaurav Kulkarni and Naren Janakiraman founded AuditCue in 2022, which calibrates, directs, and streamlines every step of the audit lifecycle. For both auditors and auditees, AuditCue transforms the risk and audit experience.
Commenting on the investment, Kalaari Capital founder and managing director Vani Kola said, “The $120 billion 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.”
The startup enhances audit and risk programmes for clients, shortens audit cycles, and boosts process resilience without sacrificing agility. What distinguishes AuditCue from past technologies and market leaders is its elegant, straightforward, and intuitive user experience (UX), combined with its adaptable and modular platform.