Andera Raises $37M Series A

Andera, a software company building an AI-native platform to automate internal audits, has raised $37 million in a Series A funding round. The company, based in the United States, focuses on transforming the manual, Excel-heavy workflows that define modern audit processes.

Investors

Lightspeed Venture Partners led the round.

Andera Use of Funds

Andera plans to use the capital to continue scaling its AI-native audit platform, which automates control testing across SOX, operational, and compliance functions by utilizing large language models and agentic tool use to process financial evidence.

About Andera

Founded by Aryo Patel and Tinah Hong, Andera is an enterprise software company with a mission to reimagine internal audit. The company leverages proprietary agentic retrieval and custom AI engines to provide auditors with automated control testing and workpaper generation, allowing them to shift focus from operational tasks to strategic risk management.

Funding Details

Company Website: https://andera.ai

Company: Andera
Raised: $37M
Round: Series A
Funding Date: June 17, 2026
Lead Investor: Lightspeed Venture Partners
Software Category: Enterprise Software / AI / Audit Tech
Source: https://www.axios.com/pro/fintech-deals/2026/06/17/andera-37m-ai-audit-lightspeed