Lowenstein Represents Petual in Fund Raise Aimed at Bringing Agentic AI to Enterprise Audit and Compliance

Lowenstein Sandler represented Petual, Inc., an AI-powered platform for audit and compliance, in a $20 million fund raise from Andreessen Horowitz (aka a16z), First Round Capital, Cowboy Ventures, and Elad Gil. The new capital will be used to accelerate product development and go-to-market.

Petual's platform brings agentic AI to Sarbanes-Oxley (SOX) compliance testing and internal audit, making autonomous execution of evidence gathering and work paper generation possible for the first time at enterprise scale. The platform ingests both structured and unstructured evidence such as screenshots, PDFs, and Excel files to generate complete work papers in minutes, compared to the double or triple-digit hours spent manually by most teams today. Its outputs are formatted to meet external auditor expectations and templates, with detailed reasoning traceable to source documents. A built-in review workflow supports the approval chain, ensuring human oversight always remains central to the process.

The Lowenstein team included Chandra K. Shih, Samantha Fox, Henry M. Xu, and Guadalupe De La Rosa.