Circit Secures $22 Million Growth Equity Funding to Build the Independent Verification Layer Powering the Future of Audit

New funding led by Ten Coves Capital to fuel continued growth and U.S. expansion

DUBLIN and NEW YORK, Feb. 10, 2026 /PRNewswire/ -- Circit, the audit confirmation and financial data verification platform, today announced a $22 million growth equity financing to scale its global verification network and embed trusted data at the core of every audit.

The round was led by Ten Coves Capital, a New York–based growth equity firm specializing in financial software, with strong participation from existing investors Aquiline and MiddleGame Ventures. Together, the investor group brings deep experience supporting enterprise technology companies that transform mission-critical infrastructure across audit, tax, and regulated financial services industries.

The funding follows a breakout year for Circit, with adoption across more than 400 audit firms – including all of the Top 20 global audit networks – and a verification network spanning over 30,000 banks, funds service providers, and other evidence providers. Over the past year, the Circit platform facilitated the confirmation of assets and liabilities for 150,000 corporate entities and, on average, independently verified over 100 million transactions.

This growth comes as demand from audit committees at the largest corporates is accelerating, with an expectation that auditors will increasingly leverage AI-enabled technology to deliver enhanced quality and better economics via real-time, verified audit data.

Building the Verification Layer for Modern Audit

Circit provides auditors with independent, source-verified audit evidence by connecting audit firms, financial institutions, law firms, and corporates through a secure, API-driven network.

The Circit platform allows auditors to replace manual, client-provided workflows with direct data connections that improve audit quality, speed, and trust and reduce the risk of large-scale financial fraud. The platform enables:

• Digital audit confirmations across bank and non-bank-held assets and liabilities
• Direct, permissioned access to bank-verified transaction data
• A single AI-driven end-to-end auditor to client collaboration, and data ingestion workflow that delivers critical evidence directly into the audit file

As the audit industry transitions from manual processes toward digital, continuous, and agentic workflows, Circit is emerging as the trusted verification layer underpinning the next-generation of AI-powered audit evidence, analytics and transaction insights.