AuditBoard (now Optro)
Founded 2014; enterprise audit + GRC platform — 60%+ of Fortune 500 customers. **Acquired by Hg for $3B Jun-2024** (private-equity take-private). AI features added 2024 — auto-population of audit workpapers, AI-assisted issue classification.
Acquired · Verified 2026-10-28 · fresh as of 2026-10-28 · 20 cited facts, 0 with a third-party source · 1 recorded change · Suggest a correction
At a glance
- Type
- Enterprise GRC platform with AI features vendor fix
- Tier
- T2
- Created
- 2014 (founded) vendor fix
- Latest release
- not applicable — wrong section fix
- License
- not applicable — not OSS fix
- GitHub
- not applicable — no GitHub repo fix
- Pricing
- not applicable — wrong section fix
- Freshness
- 2026-10-28 fix
- Layer
- agent-infra repo fix
- Licensing
- commercial vendor fix
- Compliance
- ccpa, csa-star, gdpr, hipaa, iso27001, soc2-type2 vendor fix
When to use
Optimised for: enterprise audit + GRC + risk management
Anti-fit: not applicable — wrong section
Pros & cons
Pros
60%+ of Fortune 500; $3B Hg acquisition validates the category; broad audit + risk + compliance + ESG.
Cons
Post-acq strategy unclear; less AI-native than 2023-vintage startups.
Claims & capabilities
**Hg acquisition $3B Jun-2024**; 60%+ of Fortune 500 customers; >$300M ARR; AI features 2024
Technical surface
- API surface
- not applicable — wrong section
- Backend storage
- not applicable — wrong section
- Deployment
- SaaS + private cloud
- Embedding model
- not applicable — not a memory product
- Multi-tenancy
- not applicable — wrong section
- MCP
- not applicable — wrong section
- A2A
- not applicable — wrong section
- OpenTelemetry
- not applicable — wrong section
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Sources (19 cited facts, 0 third-party)
Each fact links to the page it came from; the badge says who published it (how to read sources).
- What it is Enterprise GRC platform with AI features vendor
- What it does & what's distinct Founded 2014; enterprise audit + GRC platform — 60%+ of Fortune 500 customers. **Acquire… vendor
- Claims / benefits **Hg acquisition $3B Jun-2024**; 60%+ of Fortune 500 customers; >$300M ARR; AI features … vendor
- Created 2014 (founded) vendor
- Funding **Acquired by Hg for $3B Jun-2024** (Carlyle + Adam Street pre-acq investors) vendor
- Customers / scale 60%+ of Fortune 500 vendor
- Compliance SOC 2; ISO 27001 vendor
- Deployment SaaS + private cloud vendor
- HQ Cerritos, CA vendor
- Founders / pedigree Daniel Kim (CEO); Jay Lee (CTO); Tony Adams vendor
- Optimised for enterprise audit + GRC + risk management vendor
- Pros 60%+ of Fortune 500; $3B Hg acquisition validates the category; broad audit + risk + com… vendor
- Cons Post-acq strategy unclear; less AI-native than 2023-vintage startups. vendor
- Project & sources www.auditboard.com/ vendor
- architecture-deployment-locus cloud vendor
- licensing-bucket commercial vendor
- positioning-platform-vs-product product vendor
- taxonomy-three-layer-rollup agent-infra repo
- compliance-certifications ccpa,csa-star,gdpr,hipaa,iso27001,soc2-type2 vendor
What changed
Changes to this record's lifecycle, licence, release, pricing and hosting facts, from the catalog's git history. Subscribe (Atom)
- 2026-10-28
- Name “AuditBoard” → “AuditBoard (now Optro)”
- Homepage “https://www.auditboard.com/” → “https://optro.ai/”