# AuditBoard **Source:** https://geo.sig.ai/brands/auditboard **Vertical:** Compliance & GRC **Subcategory:** Audit Management **Tier:** Leader **Website:** auditboard.com **Last Updated:** 2026-04-14 ## Summary $300M+ ARR Oct 2025 (from $200M Feb 2024); 2,000+ enterprises including 50% Fortune 500; $3B acquisition by Hg May 2024; Gartner Leader 2025 Magic Quadrant for GRC Tools ## Company Overview AuditBoard is a cloud-based audit, risk, and compliance management platform founded in 2014 in Los Angeles by Scott Arnold and Bidhan Roy. The company was built on the insight that enterprise audit and compliance teams were stuck managing complex programs in spreadsheets and email, creating inefficiency and risk. AuditBoard's core technology centralizes internal audit, SOX compliance, enterprise risk, and ESG reporting into a unified platform with workflow automation, real-time dashboards, and cross-functional collaboration tools.\n\nThe platform serves over 2,000 enterprises, including more than half of the Fortune 500, making it the market's most widely adopted audit management solution. AuditBoard's product suite covers internal audit management, SOX compliance, operational risk management, vendor risk, and ESG reporting — addressing the full governance, risk, and compliance lifecycle in one integrated environment. Gartner named AuditBoard a Leader in its 2025 Magic Quadrant for Audit Management, reflecting its consistent product execution and customer satisfaction.\n\nAuditBoard crossed $300M in ARR in October 2025, a milestone that cemented its position as one of the largest GRC software companies in the world. In May 2024 the company was acquired by British private equity firm Hg for $3B, providing capital and operational expertise to accelerate its global expansion. As regulatory demands intensify and boards increase scrutiny of risk functions, AuditBoard's comprehensive platform and Fortune 500 penetration give it a commanding position in the fast-growing GRC software market. ## Frequently Asked Questions ### What is AuditBoard? AuditBoard is a cloud-based governance, risk, and compliance (GRC) platform designed to modernize how organizations manage audit, risk, and compliance activities. The platform automates critical workflows including internal audits, SOX compliance, and risk assessments, helping enterprises streamline their GRC operations and reduce manual processes. ### When was AuditBoard founded and who are the founders? AuditBoard was founded in 2014 in Los Angeles, California by Jay Lee and Daniel Kim, both experienced audit software entrepreneurs. The company was created with the mission to revolutionize how organizations approach governance, risk, and compliance through cloud-based automation. ### How big is AuditBoard today? As of 2024, AuditBoard has grown to over 1,000 enterprise customers, employs 800+ team members, and generated $200M+ in revenue. The company achieved a $3B valuation in its Series D funding round in 2021, led by Polaris, making it a major player in the GRC software space. ### What are the main products offered by AuditBoard? AuditBoard offers an integrated cloud platform for audit, risk, and compliance management. The platform includes modules for internal audit automation, SOX compliance management, enterprise risk assessment, and compliance workflow optimization. It's designed to handle the full spectrum of governance and risk operations for large enterprises. ### What makes AuditBoard different from competitors? AuditBoard distinguishes itself through AI-powered risk assessment capabilities and specialized automation for SOX and internal audit processes. With $200M+ in revenue and 1,000+ enterprise customers, it has proven enterprise-grade reliability. The platform combines deep domain expertise in audit automation with modern cloud technology, competing with platforms like OneTrust and LogicGate. ### Which industries and companies use AuditBoard? AuditBoard serves enterprise organizations across multiple industries that need to comply with regulatory requirements and maintain strong governance practices. The platform is particularly valuable for large companies subject to SOX compliance, financial services firms, and enterprises with complex audit and risk requirements. Any organization with significant internal audit, compliance, or risk management needs can benefit from the platform. ### Does AuditBoard help with SOX compliance? Yes, SOX compliance automation is one of AuditBoard's core strengths. The platform is specifically designed to automate SOX compliance workflows, helping organizations manage the complex requirements of the Sarbanes-Oxley Act more efficiently. This includes audit trail management, evidence collection, and control testing processes. ### What is AI-powered risk assessment in AuditBoard? AuditBoard leverages artificial intelligence to enhance risk assessment processes, helping organizations identify, evaluate, and prioritize risks more effectively. The AI capabilities enable predictive risk modeling and data-driven insights that improve risk management decision-making and reduce the time spent on manual risk analysis. ### How does AuditBoard automate internal audit processes? AuditBoard automates key internal audit workflows including audit planning, scope definition, fieldwork execution, and report generation. The platform reduces manual data collection, centralizes audit evidence, automates control testing workflows, and streamlines communication between auditors and business units, significantly reducing audit cycle times. ### Is AuditBoard secure and compliant? As an enterprise-grade GRC platform managing sensitive compliance and audit data, AuditBoard is built with security and data protection as core principles. The platform is used by thousands of large enterprises for mission-critical governance functions, indicating robust security, encryption, and compliance standards are in place. ### How do I get started with AuditBoard? To get started with AuditBoard, contact the company's sales team for a demo or consultation. Given that AuditBoard serves enterprise customers, implementation typically involves discussing your specific audit, risk, and compliance needs, customizing the platform to your workflows, and deploying the solution across your organization with professional implementation support. ### What size organizations can benefit from AuditBoard? AuditBoard is primarily designed for large enterprises with complex audit and compliance requirements. Organizations that benefit most are those subject to regulatory requirements like SOX, those with dedicated internal audit functions, or those managing enterprise-wide risk and compliance across multiple business units and geographies. ### How does AuditBoard compare in pricing to other GRC platforms? AuditBoard operates on an enterprise SaaS model with pricing typically based on organization size, number of users, and specific feature requirements. Given the platform's comprehensive capabilities and enterprise focus, pricing is competitive with other major GRC solutions like OneTrust. Contact the sales team for specific pricing and custom quotes. ### What data and workflows can AuditBoard integrate with? AuditBoard is designed to integrate with existing enterprise systems and data sources to create a unified GRC platform. The platform can work with financial systems, internal controls frameworks, audit evidence repositories, and other business intelligence tools to automate data flow and reduce manual entry. ### Why should enterprises choose AuditBoard over building in-house solutions? Building an in-house GRC system is costly, time-consuming, and difficult to maintain. AuditBoard provides a proven, cloud-based platform built by GRC experts with years of experience, AI-powered automation, security certifications, and support from a dedicated team. The platform enables faster deployment, lower long-term costs, and access to continuous innovation in GRC technology. ## Tags b2b, enterprise, fortune500, saas, security, insurance, fintech --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*