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Andera raises $37M in Series A led by Lightspeed to scale its AI-native platform for automating internal audit processes.

PRIVATEJun 18, 2026•about 2 months ago

Amount Raised

$37 Million

Round Type

Series A

United StatesSoftwareArtificial Intelligence

Investors

Lightspeed Venture Partners

Description

Andera, a software company focused on AI-driven audit automation, has raised $37 million in a Series A funding round. The funding will enable the company to enhance its platform that automates control testing across various compliance functions. Based in the United States, Andera is reshaping traditional audit workflows with innovative technology. Lightspeed Venture Partners led this investment round.

Company Information

Company

Andera

Location

United States

About

Andera is a software company building an AI-native platform to automate internal audits. It focuses on transforming manual, Excel-heavy workflows in modern audit processes. Founded by Aryo Patel and Tinah Hong, the company aims to reimagine internal audit with automated control testing and workpaper generation. Their mission is to shift auditor focus from operational tasks to strategic risk management.

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2 contacts

Verified contactsTinah, Co-Founder hidden hidden

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Funding Insights

Based on industry data

Typical timeline to Series B

Series A companies typically raise their next round in 10-18 months

Monthly burn rate benchmark

47% of Series A startups spend $400k or more per month on operations

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech