Software as a service (SaaS) startup AuditCue from Chennai has announced that it has raised $1.5 million in a seed funding round headed by Kalaari Capital. Java Capital and angel investors from San Francisco were among the additional participants in the round.

According to the business, the money would be used for product development, a faster go-to-market plan, and a larger engineering team. By accelerating audit cycles and enhancing process resilience, Gaurav Kulkarni and Naren Janakiraman founded AuditCue in 2022.

The company stated in a statement that it is getting ready to open up access to its solution to businesses searching for a better method to manage risks and compliance. According to CO-Founder and CEO Gaurav Kulkarni, 'with this funding round, we aim to further expand into our primary geographic markets of North America, India, and EU'.

The Managing Director and Founder of Kalaari Capital, Vani Kola, commented on the investment, saying, The $120 billion worldwide audit and GRC sector is ready for disruption with new-age tools. We are thrilled to support their ambition because the founding team has complimentary talents.