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|  |
| Company type | Private |
|---|---|
| Industry | GRC software, risk management software |
| Founded | 2014 |
| Founders | Jay Lee and Daniel Kim |
| Headquarters | Cerritos, California |
Area served | Worldwide |
Key people | Raul Villar Jr. (CEO) |
| Products | Compliance software, audit management software |
| Owner | Hg |
Number of employees | 700+[1] |
| Website | auditboard |
AuditBoard is a U.S.-based software company and the developer of an AI-driven platform for audit, risk, and compliance management. Enterprises use the company's products to automate internal audits, track controls, and manage governance, risk, and compliance processes.[2]
History
AuditBoard was founded in 2014 by Daniel Kim and Jay Lee,[3] both former auditors who sought to simplify the workflow and documentation challenges associated with compliance management.[2] The company is headquartered in Cerritos, California.[4]
AuditBoard experienced rapid growth as demand increased for tools supporting Sarbanes-Oxley Act compliance and enterprise risk management. In 2024, it was acquired by the private equity firm Hg in a deal valued at approximately $3 billion.[3]
Products and Services
AuditBoard provides an AI-driven GRC platform that integrates internal audit management, risk assessment, compliance tracking, and IT governance.[5] Its products are used across finance, IT, and security teams to manage workflows related to risk and controls.
Technology
AuditBoard has introduced artificial intelligence features into its platform that use large language models to automate the creation of risk and control descriptions. The Human-in-the-loop system generates draft text based on contextual information by auditor, risk, and compliance practitioners, who review and edit the results. The platform's AI features run on encrypted Microsoft Azure environments to maintain security and compliance requirements for customer data.[5]
Recognition
AuditBoard has received several industry awards for its technology and growth. In 2024, the company earned the Stratus Award for Cloud Computing from the Business Intelligence Group[6] and was named Overall Risk Management Solution of the Year at the 2024 CyberSecurity Breakthrough Awards.[7] In 2025, AuditBoard was included in Deloitte’s Technology Fast 500 for the seventh consecutive year, which recognizes rapidly growing technology companies in North America.[8]
References
- ↑ https://www.greatplacetowork.com/certified-company/7022046
- 1 2 Cutchin, James (2020-03-15). "Auditboard Carves Out a Niche in Compliance". Los Angeles Business Journal. Retrieved 2025-12-12.
- 1 2 Primack, Dan (2024-05-24). "AuditBoard's $3 billion buyout shows that boring can be better". Axios. Retrieved 2025-12-12.
- ↑ "AuditBoard Los Angeles Office: Careers, Perks + Culture | Built In Los Angeles". www.builtinla.com. Retrieved 2025-12-12.
- 1 2 Franzen, Carl (2024-04-26). "AuditBoard upgrades its risk management platform with built-in LLM descriptions". VentureBeat. Archived from the original on 2025-06-26. Retrieved 2025-12-12.
- ↑ "Cloud Champions Unveiled: 2024 Stratus Awards Celebrate Innovation and Leadership | News | Business Intelligence Group". www.bintelligence.com. Retrieved 2025-12-12.
- ↑ "2024 Winners". CyberSecurity Breakthrough Awards. Retrieved 2025-12-12.
- ↑ "2025 Technology Fast 500 Award Winners | Deloitte US". www.deloitte.com. Retrieved 2025-12-12.
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