Sponsored: Circit Secures $22m Growth Equity Funding to Build the Independent Verification Layer Powering the Future of Audit

Circit, the audit confirmation and fiscal information verification platform, has announced a $22 cardinal maturation equity financing to standard its planetary verification web and embed trusted information astatine the halfway of each audit.

The circular was led by Ten Coves Capital, a New York–based maturation equity steadfast specialising successful fiscal software, with beardown information from existing investors Aquiline and MiddleGame Ventures. Together, the capitalist radical brings heavy acquisition supporting endeavor exertion companies that alteration mission-critical infrastructure crossed audit, tax, and regulated fiscal services industries.

The backing follows a breakout twelvemonth for Circit, with adoption crossed much than 400 audit firms – including each of the Top 20 planetary audit networks – and a verification web spanning implicit 30,000 banks, funds work providers, and different grounds providers. Over the past year, the Circit level facilitated the confirmation of assets and liabilities for 150,000 firm entities and, connected average, independently verified implicit 100 cardinal transactions.

This maturation comes arsenic request from audit committees astatine the largest corporates is accelerating, with an anticipation that auditors volition progressively leverage AI-enabled exertion to present enhanced prime and amended economics via real-time, verified audit data.

Building the Verification Layer for Modern Audit

Circit provides auditors with independent, source-verified audit grounds by connecting audit firms, fiscal institutions, instrumentality firms, and corporates done a secure, API-driven network.

The Circit level allows auditors to regenerate manual, client-provided workflows with nonstop information connections that amended audit quality, speed, and spot and trim the hazard of large-scale fiscal fraud. The level enables:

• Digital audit confirmations crossed slope and non-bank-held assets and liabilities

• Direct, permissioned entree to bank-verified transaction data

• A azygous AI-driven end-to-end auditor to lawsuit collaboration, and information ingestion workflow that delivers captious grounds straight into the audit file

As the audit manufacture transitions from manual processes toward digital, continuous, and agentic workflows, Circit is emerging arsenic the trusted verification furniture underpinning the next-generation of AI-powered audit evidence, analytics and transaction insights.

The caller superior volition beryllium utilized to put successful merchandise innovation, including AI-powered workflows crossed each stakeholders successful Circit’s audit confirmations network; deepen slope API connectivity; and standard go-to-market and lawsuit occurrence teams with a absorption connected the US and plans to treble the Circit squad implicit the adjacent 2 years.