Agentive
Agentive, formerly known as Audit AI and Substantive AI, is a B2B company in the finance and accounting sector, offering an AI-powered auditing platform that automates and simplifies audit processes.
Overview of Agentive
Agentive, previously known as Audit AI and Substantive AI, operates within the Finance and Accounting sub-industry, particularly in the B2B sector. The company, comprised of a small yet effective team of three members, specializes in an AI-powered auditing platform designed to simplify and automate the auditing process. Agentive is based in Palo Alto, California, in the heart of Silicon Valley.
Founders and Background
Agentive was founded by former auditors with professional experience from EY and Deloitte, along with builders of AI-powered fraud detection systems at Google. This strong foundation in both auditing and AI technology has been integral to their development of a cutting-edge auditing platform.
AI-Powered Auditing Platform
Agentive's primary offering is an AI-powered auditing platform leveraging machine learning and large language AI models. The platform enables auditors to upload transaction details such as bank statements, contracts, and invoices, generating audit reports ready for review in seconds. This automation allows auditors to efficiently transition from strategy to judgment by eliminating repetitive testing and documentation work.
Key Features of Agentive's Platform
The platform allows for the inclusion of audit evidence as data sources and uses advanced models and algorithms to extract structured data. Users can add attributes from each data source matched to specific values in samples or retrieved with AI. A unique feature is the one-click source return, enabling users to navigate directly to the source of any matched or retrieved value. The platform supports various formats of audit evidence, assisting users in organizing and understanding client-provided data.
Backers and Investors
Agentive is backed by notable investors, including Y Combinator, Foundation Capital, Dell Technologies Capital, Liquid2 Ventures, Ritual Capital, General Catalyst, and UpHonest Capital. Their support has contributed to Agentive's innovation and growth within the industry.