About AuditBoard
AuditBoard is a company based in Cerritos (United States) founded in 2014 by Daniel Kim and Jay Lee was acquired by Hg in May 2024.. AuditBoard has raised $43.61 million across 3 funding rounds from investors including Vebu, Hg and DFIN. AuditBoard offers products and services including AuditBoard Platform, SOXHUB, OpsAudit, CrossComply, and RiskOversight. AuditBoard operates in a competitive market with competitors including NAVEX Global, Ocrolus, Mitratech, ProcessUnity and Auditoria.AI, among others.
- Headquarter Cerritos, United States
- Founders Daniel Kim, Jay Lee
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Sectors
Technology
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Phone
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Website
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Social
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Products & Services of AuditBoard
AuditBoard offers a comprehensive portfolio of products and services, including AuditBoard Platform, SOXHUB, OpsAudit, CrossComply, and RiskOversight. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for unified audit, risk, and compliance management tools
Tool for SOX compliance and regulatory reporting processes
Software for operational audit and workflow automation
Platform for cross-functional compliance tracking and integration
Software for risk assessment and oversight in organizations
Tool for third-party risk management and vendor evaluations
Software for environmental, social, and governance reporting
Tool for IT risk management and security compliance
Software for regulatory compliance and monitoring tasks
Funding Insights of AuditBoard
AuditBoard has successfully raised a total of $43.61M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $40 million completed in August 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $40.0M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2018 | Amount | Series B - AuditBoard | Valuation | Battery Ventures |
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| Mar, 2017 | Amount | Series A - AuditBoard | Valuation | DFIN |
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| Jun, 2015 | Amount | Seed - AuditBoard | Valuation | Mucker , Vebu |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AuditBoard
AuditBoard has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Vebu, Hg and DFIN. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments in technology companies are conducted globally by Battery Ventures.
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Accelerator and venture capital firm
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Founded Year | Domain | Location | |
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Private equity investments in Europe are managed by Hg.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AuditBoard
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - AuditBoard
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Auditboard Comparisons
Competitors of AuditBoard
AuditBoard operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as NAVEX Global, Ocrolus, Mitratech, ProcessUnity and Auditoria.AI, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud-based ethics and compliance software is provided for risk management.
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Provider of bank accounts auditing solutions for businesses
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| domain | founded_year | HQ Location |
Provider of solutions for third party risk management to banks
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| domain | founded_year | HQ Location |
Vendor risk management solutions for businesses & financial institutions
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| domain | founded_year | HQ Location |
AI-driven audit automation solutions for enterprises are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Auditboard
Frequently Asked Questions about AuditBoard
When was AuditBoard founded?
AuditBoard was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is AuditBoard located?
AuditBoard is headquartered in Cerritos, United States. It is registered at Cerritos, California, United States.
Is AuditBoard a funded company?
AuditBoard is a funded company, having raised a total of $43.61M across 3 funding rounds to date.
What does AuditBoard do?
AuditBoard was founded in 2014 in Cerritos, United States, by co-founders Daniel Kim and Jay Lee. Operations focus on the governance, risk, and compliance (GRC) sector through a cloud-based platform. Services encompass operational and IT audit management, compliance tracking, risk assessment, vendor onboarding and evaluation, workflow automation, team collaboration tools, document processing, and issues or fraud handling. The platform supports integrated audit processes for organizations.
Who are the top competitors of AuditBoard?
AuditBoard's top competitors include Ocrolus, NAVEX Global and Auditoria.AI.
What products or services does AuditBoard offer?
AuditBoard offers AuditBoard Platform, SOXHUB, OpsAudit, CrossComply, and 5 more products and services.
Who are AuditBoard's investors?
AuditBoard has 5 investors. Key investors include Vebu, Hg, DFIN, Battery Ventures, and Mucker.
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