# AuditBoard

> AuditBoard, rebranded as Optro in March 2026, sells cloud software connecting internal audit, controls, enterprise risk, information security, and compliance. Founded by former auditors Daniel Kim and Jay Lee in 2014, it serves more than half of the Fortune 500 and reported over $300 million in annual recurring revenue in October 2025. Hg agreed to acquire the company in a transaction valued at over $3 billion in 2024.

- **Founded:** 2014
- **Headquarters:** Wilmington, United States
- **Founders:** Daniel Kim (Co-founder; founding CEO), Jay Lee (Co-founder; founding President)
- **Products:** Controls Management / SOXHUB, OpsAudit, RiskOversight, CrossComply, TPRM
- **Notable:** Reported over $300 million ARR in October 2025., Reports use by more than half of the Fortune 500., Acquisition agreement with Hg valued at over $3 billion in May 2024.

## Products & services

- **Controls Management / SOXHUB** — Control libraries, evidence requests, testing, issue remediation, and reporting for SOX and internal controls.
- **OpsAudit** — Internal and operational audit planning, fieldwork, workpapers, issues, and reporting.
- **RiskOversight** — Enterprise risk assessments and connected risk management.
- **CrossComply** — Manage information-security compliance across frameworks and shared controls.
- **TPRM** — Third-party risk assessments, due diligence, and monitoring workflows.
- **AI Governance** — AI inventory, risk assessments, and governance workflows strengthened by the FairNow acquisition.
- **Autonomous Testing** — Agentic control testing strengthened by the Midship acquisition; October 2026 expansion includes operational audit testing.
- **RegComply** — Regulatory change management; joint offering with EY US announced May 2026.
- **Agentic Compliance** — AI agents support scoping, evidence collection, and control evaluation with human ownership of attestations.

## Achievements

- Reported over $300 million ARR in October 2025.
- Reports use by more than half of the Fortune 500.
- Acquisition agreement with Hg valued at over $3 billion in May 2024.
- Named to Deloitte Technology Fast 500 for seven consecutive years by November 2025.
- Founders named EY Entrepreneur Of The Year national finalists in 2019.

## Latest updates

- **2026-10** — October 14: announced expanded domain-trained agents for testing, stakeholder management, risk scoring, compliance, TPRM, and AI governance. AI Discovery was previewed for 2027 availability, not presented as generally available.
- **2026-10** — October 13: expanded Partner Connect with technology and distributor tracks and partner growth funding.
- **2026-07** — July 14: launched Optro Partner Connect.
- **2026-05** — May 6: announced acquisition of AI-native SOX automation company Midship; consideration undisclosed.
- **2026-03** — March 9: rebranded AuditBoard as Optro.

## Links

- Website: https://optro.ai/
- LinkedIn: https://www.linkedin.com/company/optro/
- Twitter/X: https://twitter.com/auditboard
- GitHub: https://github.com/soxhub
- YouTube: https://www.youtube.com/@optrohq
- Facebook: https://www.facebook.com/auditboard/

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Profile page: https://yespress.io/auditboard
Published by YesPress — https://yespress.io
Last updated: 2026-10-16