Petual raises $20m to automate SOX compliance using agentic AI
Summary
Petual raised $20m in a funding round led by Andreessen Horowitz with participation from First Round Capital, Cowboy Ventures and Elad Gil. The company applies agentic AI to automate Sarbanes-Oxley (SOX) procedures and internal audit work, automating evidence collection and work paper preparation at enterprise scale. Its system ingests structured and unstructured inputs (screenshots, PDFs, Excel), generates auditor-formatted work papers with linked reasoning, and includes a built-in review and approval flow to preserve human oversight. Petual says customers see roughly 68–80% efficiency gains and will use the funding to speed product development and expand go-to-market activities with early adopters among S&P 500 and Nasdaq 100 firms.
Funding
Amount
$20.0M
Total raised
Date
April 27, 2026
Announcement date
Investors
Cowboy Ventures, First Round Capital, Andreessen Horowitz
Lead investors
Company
petual.com
Funded company
Classifications
industries
No industries detected
applications
No applications detected
AskAI Classifications
Labels
No AI classifications detected