Andera raises $37 million Series A led by Lightspeed
The internal-audit software company is applying AI to evidence collection, controls testing and audit workpapers.
Andera announced its Series A on 17 June 2026 with Lightspeed as lead investor. The financing backs a platform intended to reduce the manual work involved in internal audit.
Lightspeed identified a specific opportunity: auditors must read varied evidence, decide whether it meets a control’s objective and document the result. Andera is building software around that reasoning task, alongside the mechanics of working with financial spreadsheets and other evidence.
Founders Aryo Patel and Tinah Hong combine finance and infrastructure experience with expertise from accounting practitioners. The company’s current product connects automated testing with the controls and issues auditors need to manage.
Use of funds
Develop AI software for internal audit and controls testing