Senseworks has raised €3 million led by Industrifonden to enhance its innovative SaaS platform focused on digitalizing the audit industry, aiming to improve efficiency and reduce workloads for auditors.

Target Information

Senseworks has successfully raised €3 million in a funding round led by Industrifonden, aiming to revolutionize the manual audit industry through digitalization. The company’s SaaS platform aggregates data from various systems in real-time, integrating analysis, documentation, review, and audit functionalities into a single cohesive tool, thus significantly enhancing efficiency and reducing the workload for auditing firms.

Founded in 2022, Senseworks has rapidly expanded its offerings and currently serves over 60 customers, including prominent international audit firms. The platform is designed for fast and easy implementation, featuring a modern, collaborative user interface that allows auditors to streamline their traditionally cumbersome processes. Clients have reported marked improvements in operational efficiency, a decrease in administrative tasks, and an enhancement in audit quality resulting from the automation of data handling and information aggregation.

Industry Overview

The audit industry is facing significant challenges, characterized by a high annual turnover rate of approximately 20%. This turnover is largely attributed to repetitive tasks, elevated stress levels, and the pressure of i