Cortea
AI-powered audit automation platform for European auditors and regulated firms

Cortea
AI-powered audit automation platform for European auditors and regulated firms
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Cortea Description
Cortea is a Berlin-based company that develops AI-powered audit automation software for the European market. The platform is designed to assist auditors and regulated companies by automating tedious manual tasks, document processing, and compliance workflows. The solution targets audit firms and organizations that must comply with extensive regulatory requirements, particularly in sectors like banking and finance where compliance with over 100 regulations is common. The platform focuses on three core capabilities: acceleration of audit processes through automation, accuracy in audit execution, and transparency in audit operations. By automating repetitive tasks such as document review and data processing, Cortea aims to reduce manual workload and allow auditors to focus on higher-value analytical work and client interactions. The company emphasizes its European development approach and German data residency, positioning itself as a compliance-focused solution built specifically for the European regulatory environment. Cortea serves both external audit firms and internal audit departments within regulated enterprises. The platform has reportedly eliminated over 1,200 days of manual work for its existing customer base. The company was founded by Valentin Neumann and Philipp Hövelmann, and is backed by Cherry Ventures. The team comprises professionals with backgrounds in auditing and technology sectors, focusing on applying modern AI capabilities to transform traditional audit workflows and compliance processes.
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