Petual

Today, I’m excited to share that @PetualAI has raised $20 to move audit from process-heavy work to judgment. Our raise includes a $17 round led by @a16z (a16z) and a $3.2M round led by @firstround , with participation from @CowboyVC , @eladgil , the founders of Lyft, Opendoor, and more. SOX compliance and internal audit are among the most manual, resource-intensive processes in any public company. Auditors wade through hundreds of support files per control test. PDFs, spreadsheets, emails, screenshots, and more. Just to determine whether a control operated correctly. Tens of millions of hours and $8 BILLION are spent on this every year. We knew this had to change. That teams deserved to apply more of their judgment and manage risk, rather than get buried in the mechanical. That's why we built Petual. Petual brings agentic AI to SOX testing and internal audit, autonomously gathering evidence and generating auditor-ready work papers in minutes instead of hours. Our customers -- S&P 500 and NASDAQ 100 companies spanning energy, infrastructure, SaaS, manufacturing, financial services, and more -- can see 68–80% efficiency gains on SOX workflows. Huge thanks to our investors, early customers like @Navan and @PoweredByEos , and the many other customers who’ve been part of this journey; and of course, our incredible team. If you're in audit or compliance and want to see Petual in action, let’s talk.