Audavis, a Munich, Germany-based provider of a scalable cloud application to access data from ERP and accounting systems, raised over €1.1M in Seed funding.
The round was led by High-Tech Gründerfonds (HTGF) with participation from Martin Ostermayer, and private investors from the BayStartUP investor network.
The company intends to use the funds to further develop its AI-based ‘Artificial Auditor’ as a co-pilot for auditing.
Founded by Otrek Wilke, Philipp Roebruck and Benjamin Aunkofer, Audavis is developing an AI co-pilot as an AI-as-a-Service (AIaaS) for the annual audit and the continuous verification of the quality, consistency and risk-free nature of companies’ financial transactions. The company collaborates with key associations in the areas of auditing, internal audit and financial data transparency. In addition to audit firms, large corporations are also interested in AI-based auditing of financial transactions and data quality.
FinSMEs
20/01/2025