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§ Private Profile · Atlanta, GA, USA
Automation software for financial auditing. Streamlines CPA firm processes by automating account verification & eliminating manual vouching.
Founded in 2021 by former PwC auditors TC Whittaker and Jonathan Womack, Atlanta-based Audit Sight develops B2B automation software that streamlines financial auditing for accounting professionals. The platform utilizes application programming interfaces to connect directly to a client's internal accounting, banking, and payroll systems to automatically verify accounts receivable, accounts payable, and bank balances. Operating under a Software-as-a-Service subscription model, this technology eliminates the need for manual document vouching across CPA firms and financial institutions. The early-stage startup emerged from stealth with a two and a half million dollar seed round before securing a four million dollar Series A round led by Hyde Park Venture Partners. This venture capital funding of more than six million dollars allows the company to expand its engineering and sales teams to modernize the audit and compliance sectors.
Audit Sight has raised $7.0M across 2 funding rounds.
Audit Sight has raised $7.0M in total across 2 funding rounds.
Audit Sight has raised $7.0M across 2 funding rounds. Most recently, it raised $4.0M Seed in April 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2022 | $4M Seed | Hyde Park Venture Partners | Buoyant Ventures, Firebrand Ventures | Announced |
| Oct 1, 2021 | $3M Seed | Hyde Park Venture Partners | Buoyant Ventures, Firebrand Ventures, General Catalyst, Sprout Social, Inc., Work Bench, Gokul Rajaram, Jeff Yoshimura, Spencer Kimball, Aaron Rankin, John Seybold, Johnson Cook, KEN Branson, Timothy Sheehan, Alumni Ventures | Announced |
Audit Sight is a fintech startup founded in 2021 that builds a digital platform automating financial transaction verification for auditors, diligence providers, private equity, and venture capital firms.[1][2][4] It eliminates manual processes like external confirmations, substantive analytics, and journal entry testing, generating GAAS-compliant workpapers and saving up to 42 hours per engagement while boosting profitability by 25%.[1][4] Serving auditing firms and financial service providers, Audit Sight addresses the inefficiencies of traditional auditing in a $43 billion U.S. market, with $6.53M raised to date, including a $2.5M round and recent grants.[1][3]
The platform instantly verifies thousands of records, automates tests of details, and streamlines pre-diligence, allowing CPAs to focus on high-value tasks rather than data entry.[4][5] Selected for the 2023 AICPA and CPA.com Accelerator, it demonstrates early momentum in transforming audit workflows.[4]
Audit Sight was co-founded in 2021 by T.C. Whittaker and Jonathan Womack, both CPAs and serial entrepreneurs with over 30,000 combined auditing hours and 25,000 verified transactions, rooted in their 20-year friendship.[2] Whittaker and Womack identified the pain of manual verification from their frontline experience—Womack audited private companies at PwC (revenues $75M–$27B, including three IPOs) before co-founding InsightsOfficer, while Whittaker brings hands-on auditing expertise.[2]
The idea emerged from their shared frustration with time lost to manual work, aiming to simplify verification for auditors and enhance transparency in capital markets.[2] Eric, the CTO with 20+ years in software including AI/ML at Wellspring Worldwide and Sittercity, joined to tackle data challenges in auditing.[2] Based in Atlanta, Georgia, the team of CPAs, engineers, and advisors embodies values of effort, attitude, communication, and location.[1][2]
Audit Sight rides the fintech wave automating legacy auditing processes amid rising demand for efficiency in a $43B U.S. audit market strained by manual verification and data silos.[3][4] Timing aligns with post-pandemic digitization, regulatory pressures for transparency (e.g., GAAS), and PE/VC growth needing faster diligence—market forces favoring AI-driven tools over spreadsheets.[1][2]
It influences the ecosystem by enabling auditors to reclaim time for advisory work, fostering trust in capital markets, and competing with players like VERIFYiQ in bookkeeping automation.[1][4] As part of fintech's 9,466+ startups, it pushes accounting toward AI-cloud platforms with benchmarking and alerts.[1]
Audit Sight is poised to scale as audit tech adoption accelerates, leveraging its $6.53M funding, accelerator status, and auditor-founder edge to capture share in verification workflows.[1][3][4] Trends like AI integration, real-time auditing, and ESG diligence will shape its path, potentially expanding to lenders and global markets.[2][3][4]
Its influence may evolve from niche automator to ecosystem standard, especially if it sustains momentum beyond grants—watch for Series A to fuel enterprise wins, ultimately redefining manual audits as obsolete.[1][3] This positions Audit Sight as a transparency enabler in fintech's efficiency revolution.
Audit Sight has raised $7.0M in total across 2 funding rounds.
Audit Sight's investors include Hyde Park Venture Partners, Buoyant Ventures, Firebrand Ventures, General Catalyst, Sprout Social, Inc., Work-Bench, Gokul Rajaram, Jeff Yoshimura, Spencer Kimball, Aaron Rankin, John Seybold, Johnson Cook.