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Petual funding, valuation and investors
Agentic AI platform automating internal audit and SOX compliance testing.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Seed / Series A
$20M+ · April 2026
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
Not publicly disclosed
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
series a · San Francisco, CA
Overview
Petual builds agentic AI automating internal audit and SOX compliance testing for enterprise audit teams. Founded in 2024 by Snir Kodesh — previously Head of Engineering at Retool and a Lyft engineering leader after selling Hitch to Lyft — Petual raised over $20M in 2026 across two rounds: $17M led by a16z and $3.2M led by First Round, with Cowboy Ventures and Elad Gil participating. Customers report 68–80% efficiency gains on SOX control testing workflows.
Why Petual is interesting
2x founder Snir Kodesh sold Hitch to Lyft, led engineering at Retool — now agentic AI for SOX testing with S&P 500 customers before most startups ship enterprise audit software.
Product & use cases
Agentic AI agents that execute SOX control tests, ingest structured and unstructured evidence (PDFs, screenshots, Excel), and generate auditor-ready workpapers with traceable reasoning.
- SOX control testing automation for public-company audit teams
- Internal audit evidence collection and population testing
- Compliance workflow documentation with human approval chains
Key facts
- a16z portfolio status: Active
- Funding (Apr 2026): $20M+ across two rounds — $17M led by a16z, $3.2M led by First Round (PR Newswire / founder LinkedIn)
- Customers include S&P 500 and NASDAQ 100 audit teams; 68–80% SOX workflow efficiency gains reported (RegTech Analyst)
- SOC 2 Type II certified platform generating auditor-ready workpapers in minutes (Petual site)
Funding history (newest first)
Investors in our directory
Funds linked from Petual's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Agentic execution versus checklist GRC software — automates work auditors still perform manually in Excel while keeping human sign-off in the loop.
Petual targets labor-heavy SOX testing where audit teams spend double-digit hours per control. Incumbents may add AI features; audit defensibility and external-auditor acceptance of AI-generated workpapers are key adoption hurdles.
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AuditBoard direct
Audit and compliance platform; broader GRC scope.
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Workiva incumbent
SOX reporting and financial disclosure incumbent.
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Deloitte automation adjacent
Consulting-led audit automation services; not product-native.
Notable stories
- CEO Snir Kodesh co-founded Hitch, acquired by Lyft in 2014, then spent six-plus years at Lyft and three years as Head of Engineering at Retool before starting Petual in 2024 (Petual about page / LinkedIn).
- a16z GP Brian Roberts noted it is rare for an early-stage company to land S&P 500 audit teams — Petual cites energy, software, manufacturing, and financial services customers at launch (RegTech Analyst / a16z).
Industries
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FAQs about Petual
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