Optro

Los Angeles, CA, United States Software & Services Acquired

Optro (formerly AuditBoard) is an AI-powered GRC platform that helps large and complex organizations manage audit, risk, compliance, and information security from a single connected system. The platform uses agentic AI to move organizations from reactive risk management toward proactive risk foresight. Optro is used by more than 50% of the Fortune 500 and has surpassed $300M in Annual Recurring Revenue.

Acquired

Optro has been acquired

Acquired by Hg Capital May 23, 2024 $3B+

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2014

Employees

950–1,050

Total Funding

$61M

4 rounds

Latest Valuation

$2.5B

April 2022

Funding

Total raised $61M across 4 rounds

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Last updated 06-25-2026

Latest Round

Type

Secondary

Date

April 2022

Amount

$21M

Valuation

$2.5B

Lead Investors

Dragoneer Investment Group
DateRoundAmount RaisedValuationLead Investors
April 2022 Secondary $21M $2.5B Dragoneer Investment Group
August 15, 2018 Series B $40M Battery Ventures
March 27, 2017 Series A Not disclosed DFIN

Leadership

  • Raul Villar Jr.

    Chief Executive Officer

    LinkedIn
  • Hugo Doetsch

    Chief Financial Officer

  • Jim Sperduto

    Chief Growth Officer

  • Paaras Parker

    Chief Human Resources Officer

  • Daniel Kim

    Co-Founder

  • Jay Lee

    Co-Founder

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Data collected with AI, which can make mistakes. Please double-check this information.