Scytale acquires AudITech for $15M to expand compliance automation capabilities

Israeli startup Scytale, which specializes in trust and security compliance automation, has acquired fellow Israeli company AudITech. AudITech, which has raised $5 million since its founding, is being sold at a valuation of approximately $15 million. All ten of its employees will join Scytale as part of the deal.

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Scytale has developed a cloud-based platform for intelligent management of compliance processes across information security, privacy, and AI. Its solution enables organizations to handle compliance quickly, efficiently, and cost-effectively, offering full oversight through continuous monitoring. The platform replaces manual, time-consuming, and expensive procedures, saving thousands of work hours and allowing teams to focus on strategic growth.

Meiran Galis.

AudITech’s core technology will be integrated into Scytale’s Enterprise suite. Founded by Eli Edry (CEO) and Roni Beeri (COO), AudITech created an innovative automation platform focused on Sarbanes Oxley (SOX) IT General Controls (ITGC). Its clients include major companies such as monday.com, Fiverr, Pagaya, and ICL.

Scytale, founded in 2021 by Meiran Galis, has raised tens of millions of dollars from private investors. To date, the company has supported thousands of audits for clients in 44 countries, helping them meet international standards such as SOC 2, ISO 27001, GDPR, and many others. Its customers include global names like Deel, Intel, Brella, Oligo Security, and Guesty.

“We all rely on information technology daily, making IT internal controls a vital part of running a business with all stakeholders aligned and in trust. This collaboration goes beyond merely integrating complementary products that support companies from their early stages to post-IPO,” explained Eli Edry, co-founder and CEO of AudITech. “It represents a partnership between two companies with shared missions, dedicated to making IT compliance easier, intuitive, and a key part of enterprise success. We are excited to join Scytale.”

Scytale’s founder and CEO Meiran Galis stated: “Scytale’s mission has always been to simplify and streamline security and privacy compliance for companies at every stage of their growth. The AudITech team has done an amazing job building an exceptional product and customer base. By bringing AudITech into the Scytale family, we are doubling down on that promise. Together, we’re delivering unparalleled technology capabilities that enable enterprises to smartly manage SOX audits and fully automate ITGC controls with confidence and efficiency. From early-stage startups to publicly traded companies, Scytale is the only complete compliance hub.”