Andera

Andera, founded in 2024 and headquartered in San Francisco, US, focuses on automating control testing and evidence collection for audits.Andera specializes in automated SOX (Sarbanes-Oxley Act) testing solutions powered by artificial intelligence. Their core offering, known as Audit AI, enables organizations to automate control testing processes without the need for extensive setup, streamlining the audit workflow significantly. The platform allows users to automatically generate workpapers in formats familiar to auditors, while also managing communications with control owners for the collection of necessary evidence. Audit AI enhances the efficiency and reliability of audits by ensuring that all evidence collected is relevant and adheres to the appropriate Information Produced by the Entity (IPE) standards.Andera operates a subscription-based revenue model primarily through its Audit AI platform. Clients engage with the company for periodic access to the software, which provides ongoing support and updates tailored to their auditing needs. The transactions typically involve enterprises subscribing to the service, which enables them to automate their SOX testing and manage audit processes efficiently. While specific pricing details for the subscription plans are not disclosed, the services are marketed to help businesses reduce their overall SOX auditing costs significantly. Andera is also targeting expansion into new markets, particularly in Europe and Asia, to broaden its client base.

1. Series A

   Jun 17, 2026

   Amount

   $37M

   Investors

   Locked