Midship Inc.

Midship Inc. , based in the US, specializes in AI-driven solutions that automate internal controls and compliance processes, particularly focusing on Sarbanes-Oxley (SOX) testing for public companies. Founded in 2024 and headquartered in San Francisco, US, Midship Inc. focuses on providing innovative AI solutions for compliance and audit automation.

The company has engaged in 1 deal, with its most recent funding round being a Seed round, raising USD 4. 15 mn led by Costanoa Ventures with participation from Seguin Ventures. The company was established by a team with a focus on enhancing audit efficiencies through technology. Midship specializes in providing AI-driven solutions for Sarbanes-Oxley (SOX) testing and compliance, focusing on automating internal controls and audit processes.

Their flagship product autonomously performs SOX testing by following audit plans, executing tests, and generating comprehensive work papers, enhancing efficiency and reducing manual effort by automating over 85% of SOX controls. Midship's platform identifies controls within a company's Risk Control Matrix (RCM) that are suitable for automation, allowing auditors to focus on high-judgment tasks rather than routine work. The product suite caters to public companies across various industries, offering support for IT General Controls (ITGC), manual financial reviews, and other audit-related functions. Midship’s services are actively utilized in key markets including North America and Europe, catering to clients requiring robust compliance and audit capabilities.

Midship generates revenue primarily through subscription-based pricing models for its AI-powered compliance solutions. Clients engage with the platform by selecting a tiered subscription plan that enables access to specific features, including automated testing and document management functionalities. This transactional structure is designed for B2B relationships, where public companies subscribe to Midship’s services to enhance their audit processes and maintain regulatory compliance effectively. The pricing plans are structured to accommodate varying levels of service, allowing companies to choose the extent of automation and support they require for their SOX programs.

Revenue is derived from ongoing subscription fees as well as potentially from consulting services related to audit and compliance needs, emphasizing the firm’s focus on delivering value through improved operational efficiency and audit quality. In January 2026, Midship Inc. raised USD 4. 15 mn in Seed funding, led by Costanoa Ventures, to support its growth initiatives.

The funding will be utilized to hire staff and further develop its AI platform for automating SOX audits. The company plans to enhance its product offerings and expand into new markets, targeting additional regions within Europe and Asia by the end of 2026.