Acquisition
May 2026Optro announced the acquisition of Midship and said Midship’s founders and team would join Optro’s product organization; Midship was fully integrated into Optro’s Controls Management solution.
SourceCompany research
Public company, workplace, funding, and market signals
Overview
Midship is a San Francisco-based, YC-backed AI-native SOX testing and internal audit automation company founded in 2024. Its platform autonomously performs control testing, evidence collection, and audit-ready workpaper generation, and the company was acquired by Optro in May 2026.
Primary product
AI-native SOX testing and internal audit automation platform
Founded
2024
Headquarters
San Francisco, California, United States
Team size
1-10
Work style
Onsite
Industry
Technology, Information and Internet
Sub-industry
AI-native SOX testing / internal audit automation
Offices
303 Sacramento Street, 3rd Floor, San Francisco, CA 94111, United States
San Francisco, California, United States
Business model
B2B SaaS
enterprise software
Funding
Stage
acquired
Total raised
$4.8M
Latest round
Seed · Jan 2026
Latest amount
$4.2M
People & investors
Leadership
Co-Founder & CEO
Co-Founder & CPO
Co-Founder & CTO
Director of Sales
Work & culture
Small, in-person San Francisco team with practitioner-heavy backgrounds from Big 4 and Fortune 500 companies. Public materials emphasize high ownership, direct founder collaboration, human-in-the-loop oversight, transparency in AI actions, and building within auditors’ existing workflows rather than forcing a full migration.
Work style
Onsite
Compensation
Public compensation signal is limited: an Account Executive role was posted at $200k-$250k total compensation including base salary and commission, plus equity. Public job postings emphasize San Francisco in-person work; no explicit company-wide sponsorship policy or standard benefits package is publicly listed.
Product & market
Pricing
Enterprise book-a-demo SaaS; third-party coverage also describes a monthly SaaS fee plus a developer API with volume-based pricing.
Differentiators
- —Autonomously executes end-to-end SOX testing instead of only managing workflows
- —Produces audit-ready workpapers with evidence links and traceability
- —Works within existing audit stacks and Excel rather than forcing a migration
- —Human-in-the-loop design with transparency into every agent action
- —Built around IIA standards and audit-practitioner workflows
- —Supports configurable data residency, including cloud or BYO storage
Technology
Framer Sites
Google Analytics
Google Tag Manager
Cloudflare Bot Management
LottieFiles
Web app
Excel add-in
API integrations
Customers
Leading public companies
A leading social media platform
Major technology companies
Major fintech companies
Household multinational corporations
Competitors
AuditBoard
Workiva
ServiceNow GRC
RSA Archer
MetricStream
Scale & contact
Estimated revenue
≈$440K ARR (2025 estimate)
Estimated monthly visits
19.4K
Traffic estimate as of Apr 2026
Signals & risks
Latest news
FinSMEs · May 2026
FinSMEs covered the acquisition and reiterated that Midship’s founders would join Optro’s product team.
CPA Practice Advisor · May 2026
Trade coverage summarized the acquisition, noted the deal terms were undisclosed, and highlighted the integration of Midship’s autonomous testing into Optro’s platform.
Optro · May 2026
Optro announced it had acquired Midship and said the team would join Optro’s product organization to integrate Midship into Controls Management.
Midship · Feb 2026
Midship’s own announcement described the seed raise, the product vision for continuous audit automation, and public-company usage.
PRNewswire · Jan 2026
Midship announced a $4.15M seed round led by Costanoa Ventures, with participation from Seguin Ventures and additional angel investors, to scale its agentic AI SOX testing platform.
Jobs and careers at Midship
0 jobs at Midship
No open positions
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