REG - Mindflair PLC - New investment in Audrey AI

MindflairAnnouncement

16/04/2026 07:00

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RNS Number : 6606A  Mindflair PLC  16 April 2026

 16 April 2026

Mindflair plc

("Mindflair" or the "Company")

New investment in AI-driven financial auditing platform Audrey AI

 

 

Mindflair plc, the AIM-quoted company focused on investing in Artificial
Intelligence ("AI") related technology, is pleased to announce that Sure
Valley Ventures Fund III ("SVV3"), in which Mindflair holds an interest, has
made a new investment in Audrey AI, a Dublin-based startup company developing
an AI platform for financial auditors.

 

Audrey AI has raised US$1.8 million (€1.5 million) in a pre-seed funding
round led by Sure Valley Ventures and Delta Partners, with participation from
Enterprise Ireland, Donnchadh Casey (ex-CEO Calypso), Conor Jones (ex-CBO
Wayflyer), and several former auditors.

 

The funding will be used to scale the Audrey AI platform and expand its
engineering and audit specialist teams as the company grows its presence
across Ireland, the UK and international markets.

 

Audrey AI is addressing the global financial auditing market, valued at over
US$100 billion, which still remains heavily reliant on manual processes. While
general purpose AI tools often struggle with the complex tabular data and
evidence workflows required by the auditing profession, Audrey AI's agentic
system is designed to automate the most time intensive aspects of an audit
engagement, specifically evidence gathering and testing.

 

In pilot engagement with Top 10 and Top 20 audit firms, reduced time spent on
client data collection, validation and tests of detail by over 85%, while
simultaneously improving audit quality. The system is designed to learn each
firm's specific audit methodology, increasing in value as it is used.

 

Nicholas Lee, Director of Mindflair plc, commented:

 

"Audrey AI represents a compelling application of agentic AI in a high-value,
highly regulated sector. By automating the manual and repetitive workflows
that have historically burdened the auditing profession, Audrey AI provides a
critical solution to talent shortages and margin pressures. We believe the
company is well-positioned to become a key infrastructure layer for the next
generation of audit firms."

 

The Directors of the Company are responsible for the release of this
announcement. The person who arranged for the release of this information is
Nicholas Lee, a director of the Company.

 

 

 

Enquiries:

 

 Mindflair plc                                                                                                                                                                                                                                                Tel: +44 (0) 20 3368 8961

 Nicholas Lee, Director

 Nominated Adviser                                                                                                                                                                                                                                            Tel: +44 (0) 20 7213 0880

 Cairn Financial Advisers LLP

 Liam Murray / Ludovico Lazzaretti

 Joint Broker                                                                                                                                                                                                                                                 Tel: +44 (0) 20 7186 9950

 Shard Capital Partners LLP

 Damon Heath

 Joint Broker                                                                                                                                                                                                                                                 Tel: +44 (0) 20 7469 0935

 AlbR Capital Limited                                                                                                                                                                                                                                         Tel: +44 (0) 20 7469 0936

 Duncan Vasey/Lucy Williams

 

Notes to Editors

Mindflair plc (AIM: MFAI) is an investment company providing investors with
access to a portfolio of next generation technology businesses focused on AI
with significant growth potential. The Company is building an investment
portfolio of high-tech businesses focused on Artificial Intelligence, across
such areas as Internet of Things, Cyber Security, Machine Learning, Immersive
Technologies and Big Data, which the Board believes demonstrate evidence of
traction and the potential for exponential growth, due to increasing global
demand for development in these sectors. For further information, visit:
http://www.mindflair.tech/ (http://www.mindflair.tech/) .

Audrey AI is a Dublin-based startup building AI purpose-built for financial
auditors. Its agentic automation platform orchestrates complex client data and
applies audit procedures end-to-end, enabling firms to scale capacity and
improve audit quality. For more information, visit: www.tryaudrey.ai
(http://www.tryaudrey.ai)

 

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