Auditoria.AI, Santa Clara, Calif.-based provider of a SaaS solution that addresses challenges of the enterprise finance back office, raised $6m in funding.
The round was led by Neotribe Ventures, Engineering Capital, and Firebolt Ventures.
The company intends to use the funds to continue to expand operations and its business reach.
Founded in 2019 by Rohit Gupta, Chief Executive Officer, Auditoria combines AI-based finance process automation with natural language-driven configuration and recommendation analytics to produce a system of intelligent engagement for ERP applications. Using natural language-driven configurations, SmartFlow Skills automates mission-critical finance business processes, while querying and reconciling data into financial systems of record. Additionally, the solution includes modern machine learning algorithms to drive statistical and predictive analytics, allowing companies to have rapid access to key financial indicators, accuracy and precision in predictive recommendations, and being continuously audit-ready while mitigating risks, eliminating errors, and reducing accounting infractions.
Auditoria SmartFlow Skills is currently in limited availability for companies that run Oracle NetSuite and Sage Intacct, with Workday support coming in the second half of 2020.