AuditCue, a Chennai, India-based SaaS startup specializing in auditing and risk analysis, has raised $1.5 million in seed funding.
SaaS Investors
The round was led by Kalaari Capital, with participation from Java Capital and angel investors in San Francisco.
Kalaari Capital is an early-stage, technology-focused venture capital firm based in Bangalore, India. Founded in 2006, the firm prefers to invest in seed to series A-stage technology-oriented companies in India.
AuditCue Use of Funds
The funds will be used for product development, refining the go-to-market strategy, and expanding the engineering team.
About AuditCue
Founded in 2022 by Gaurav Kulkarni and Naren Janakiraman, AuditCue is a company that specializes in offering a B2B SaaS-based auditing product and solutions for proactively and efficiently managing Governance, Risk, and Compliance (GRC). The company's SaaS platforms help businesses identify and rectify financial errors, monitor expenses, and ensure accurate financial record-keeping.
AuditCue is committed to continually enhancing its product by collaborating with industry experts and plans to provide access to its solutions for companies seeking streamlined audit processes.
Funding Details
Company: AuditCue Technologies Pvt Ltd
Raised: $1.5M
Round: Seed Round
Funding Month: October 2023
Lead Investors: Kalaari Capital
Additional Investors: Java Capital
Company Website: https://www.auditcue.com/
Software Category: Audit and Risk Management
Source: https://startupstorymedia.com/insights-audit-saas-startup-auditcue-secures-1-5-million-in-seed-funding-led-by-kalaari-capital/