Aahel Iyer
Co-Founder, Midship
Feb 2, 2026
Today, we're thrilled to announce that Midship has raised $4.15 million in seed funding led by Costanoa Ventures, with participation from Seguin Ventures and Y Combinator.
Every public company must comply with the Sarbanes-Oxley Act, yet SOX testing remains largely manual. Internal audit teams spend months coordinating across finance, engineering, IT, and operations to collect evidence, test controls, and assemble documentation.
The people who could be building products and driving growth are stuck taking screenshots and filling spreadsheets. This costs companies millions annually and drains the talent that should be focused on what actually moves the business forward.
We're changing this. Our AI agents automate the full SOX testing lifecycle, collecting evidence, performing control testing, and generating audit-ready workpapers end-to-end while keeping human auditors firmly in the loop.
Continue building the world's best control testing platform – Our roadmap is incredibly exciting, and we can't wait to show you what's coming.
Chip away at more of the manual work consuming auditors' time – Evidence collection and control testing are just the beginning.
Become the default AI partner for internal audit teams – We're building the infrastructure layer for continuous monitoring, helping teams understand what good looks like across controls, across companies, and across audit cycles.
As more organizations run their SOX processes through Midship, we'll surface benchmarks and best practices, moving audit from reactive compliance to proactive risk management.
We're hiring engineers to build our roadmap and account executives to get it in front of the right teams. If you're excited about bringing AI to one of the most underserved areas of enterprise software, we'd love to talk.
A huge thank you to the countless audit professionals who have helped us along the way, and all the people in our network whose support has been incalculable.