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Punchcard

YC S23

Provo, US · Founded 2023 · 6 employees · 12 known investors

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Punchcard is an AI-powered audit workspace that automates document collection, workpaper generation, and review for auditing teams. It serves audit firms and their clients by replacing manual audit processes with collaborative AI agents and structured request flows.

Also known as Substantive AI, Inc. · Agentive · Audit AI · Audit AI, Substantive AI, Agentive · Substantive AI

AI & Machine LearningEnterprise SoftwareFintechLegalTechSaaSB2BAIUnited States of AmericaAmerica / Canada

Founders & leadership· Y Combinator alumni (S23)

Punchcard was founded in 2023 by Daniel Alberson.

DADaniel Alberson
Daniel AlbersonCEOHe previously worked as an auditor and product manager at Ernst & Young following his accounting degree from BYU, and later joined Facebook as a product manager focused on augmented reality glasses.
JD
Jason DraperFounder
NT
Nathan TurnbowFounder
VR
Vidyasagar Ranganaboina
KS
Kyle Saunders

Investors · 12

Dell Technologies CapitalreportedPalo Alto · $500K – $50M

How we know: Y Combinator's founder network · Not right? Tell us

FJ LabsreportedNew York · $100K – $3M

How we know: a partner's Signal profile · Not right? Tell us

Foundation CapitalreportedPalo Alto · $250K – $15M

How we know: Y Combinator's founder network · Not right? Tell us

General CatalystreportedSan Francisco · $30M

How we know: Y Combinator's founder network · Not right? Tell us

IA Seed VenturesreportedBerkeley

How we know: Y Combinator's founder network · Not right? Tell us

Liquid VenturesreportedSan Francisco · $250K – $5M

How we know: Y Combinator's founder network · Not right? Tell us

MyAsiaVCreportedSeattle

How we know: Y Combinator's founder network · Not right? Tell us

Peterson Venture PartnersreportedSalt Lake City · $5M – $25M

How we know: Y Combinator's founder network · Not right? Tell us

Ritual CapitalreportedMenlo Park · $100K – $500K

How we know: Y Combinator's founder network · Not right? Tell us

Twenty Two VenturesreportedPalo Alto · $50K – $250K

How we know: Y Combinator's founder network · Not right? Tell us

UpHonest CapitalreportedSilicon Valley · $50K – $1M

How we know: Y Combinator's founder network · Not right? Tell us

Images

Punchcard photo

Related companies · 6

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ClideyWhoDB is a platform that lets teams define their organizational entities, relationships, and decision rules, then automatically evaluates those decisions against incoming operational data to produce actions and recommendations. The system provides full transparency and auditability of data models and decision logic without requiring custom dashboards or ad-hoc queries.
SuperunitSuperunit provides AI agents that autonomously contact HR departments, payroll systems, and managers via phone, email, and fax to verify employment, income, educational credentials, and other background check information. The platform serves hiring, lending, and leasing companies needing FCRA-compliant employment verification at scale.
LexiLexi builds AI-powered systems for legal teams to automate legal work tasks. The platform enables lawyers to focus on strategic and client-facing work rather than routine administrative functions.
ConcourseConcourse is a platform that builds and deploys AI agents for enterprise finance teams, covering FP&A, accounting, treasury, and data functions. It connects to existing finance systems and delivers outputs through tools like Excel, Slack, Teams, and PowerPoint, with enterprise security and AI governance features.
Workflow86Workflow86 is an AI-first workflow automation platform that enables organizations to design and deploy custom automated business processes without extensive consultant teams or months-long implementations. The platform serves enterprises and mid-market organizations seeking to reduce the cost and complexity of digital transformation across operations.

Companies working in the same space as Punchcard.

Legal entities · 1

corporate structure
Substantive AI, Inc.

In the news

Agentive—Audit Requests Clients Loveycombinator.com · Mar 2025Agentive: AI-powered copilot for auditorsycombinator.com · Jul 2023

Frequently asked questions

What does Punchcard do?
Punchcard is an AI-powered audit workspace that automates document collection, workpaper generation, and review for auditing teams. It serves audit firms and their clients by replacing manual audit processes with collaborative AI agents and structured request flows.
Who founded Punchcard?
Punchcard was founded by Daniel Alberson in 2023.
Who are Punchcard's investors?
Punchcard's investors include Y Combinator, Dell Technologies Capital, FJ Labs, Foundation Capital, General Catalyst, IA Seed Ventures, Liquid Ventures, MyAsiaVC and 4 more.
Where is Punchcard headquartered?
Punchcard is headquartered in Provo, US.