Andera
Collect evidence, test controls and assemble workpapers for an audit.
Andera Funding History
Andera builds AI agents that test internal audit and compliance controls. The agents gather evidence for checks such as Sarbanes-Oxley testing and produce workpapers for auditors.
Company Overview
Andera
Founded 2024 · San Francisco, California, US
Official WebsiteAndera Funding Timeline
Series A
US$37 million
A* followed on after leading the seed round for the company’s audit and compliance software.
Led by Lightspeed Venture Partners. Participation included Bain Capital Ventures.
Source · a-star.co ↗
Andera Founding Team
Andera’s founding team paired quantitative and engineering experience with work on the infrastructure that supports machine learning. The company applies AI to internal audit and compliance testing.
- Aryo Patel — CEO. MIT-trained engineer and former quantitative trader.
- Tinah Hong — CTO. Built ML infrastructure at Stripe and Microsoft.
Andera Products
Andera Company Development
Control Testing Grew into a Place to Manage the Audit
Andera originally concentrated on executing individual control tests. It added a GRC workspace after customers asked to consolidate the broader audit program in the same system, extending its role from preparing workpapers to organizing the audit around them.
Andera Competitive Landscape
Executing Controls Versus Organizing Compliance
Andera targets the execution of internal-audit tests, such as retrieving evidence and producing workpapers for a SOX control. A compliance platform like Vanta has a broader remit around monitoring controls and preparing for audits. The overlap is evidence collection, with different end users and outputs.
