Lightspeed Invests $37M in Andera to Automate Internal Audit with AI

Lightspeed Venture Partners has led a $37 million Series A investment in Andera, a company developing an AI-native platform to automate internal audit processes. This investment reflects Lightspeed's belief that audit is a critical area ripe for AI-driven transformation, addressing the manual, time-consuming nature of current audit practices and the increasing demand for efficiency in back-office functions. Andera's platform aims to free auditors from repetitive tasks, allowing them to focus on higher-value strategic analysis and risk management.