AuditCue, an audit and risk SaaS startup, has raised $1.5 million in a seed funding round led by Kalaari Capital. Other investors who participated include Java Capital and angel investors from San Francisco.
The capital infusion will be allocated towards product development, accelerating the go-to-market strategy, and growing the engineering team, the company said in a press release. The Chennai-based startup aims to expand in primary geographic markets of North America, India and EU.
Founded in 2022 by Gaurav Kulkarni and Naren Janakiraman, AuditCue is a SaaS product that reimagines how risks, controls and audits work together. It removes friction from audits and empowers auditors and auditees through the entire lifecycle of risk and audit programs.
AuditCue has been in stealth mode until now, working with industry experts & advisors.
Early-stage venture capital firm Kalaari Capital recently launched its analyst program, the Kalaari Fellowship. The program aims to develop the next generation of leaders in the venture capital and entrepreneurial landscape. In 2023, it backed spacetech startup Digantara, and career engagement platform HerKey, among others.