Petual Raises $20 Million In Pre-seed And Seed Rounds Led By First Round Capital And A16z

Petual, a San Francisco-based startup, has raised $20 million across pre-seed and seed rounds. The investment was led by First Round Capital and Andreessen Horowitz, aiming to scale its AI-powered platform for automating Sarbanes-Oxley (SOX) audit workflows. This funding reflects the increasing demand for automation in a complex audit environment.

Summary of transaction details:

• Deal Type: Pre-seed & Seed
• Transaction Amount: $20,000,000
• Founders: Snir Kodesh, Eliot Walker, Andrew Li, David Coulombe
• Investors: First Round Capital, Andreessen Horowitz
• Headquarters: San Francisco, California

Emerging from stealth in September 2025, Petual develops agentic AI tools designed to generate auditor-ready workpapers, execute control tests, and streamline compliance processes while maintaining human oversight. This places the company within a rapidly growing market for AI-driven compliance solutions.