Inscope, an AI-powered financial reporting platform for accounting firms and enterprises, has secured $14.5m in a Series A round to modernise financial statement preparation.
The round was led by Norwest, with participation from Storm Ventures, Better Tomorrow Ventures and Lightspeed Venture Partners. The investment brings total funding to $18.8m, following a $4.3m seed round in 2023.
Over the past year, the company has grown its customer base more than fivefold and increased annual recurring revenue by over 30 times.
Inscope has invested in making its platform enterprise-ready, enhancing security, scalability and auditability. It is onboarding several Top 100 accounting firms that collectively manage thousands of client engagements on the system.
The platform embeds AI directly into financial reporting workflows, helping teams draft, review and validate statements while maintaining full audit trails and change control.
Mary Antony, Co-Founder and CEO of Inscope said, “Accurate and transparent financial reporting is what allows U.S. capital markets to function. But with increasing regulatory scrutiny and a shortage of accounting talent, relying on manual, fragmented workflows puts that trust at risk. Inscope provides the infrastructure teams need to produce high-quality, auditable financial statements at scale.”
Kelsey Gootnick, Co-Founder and COO of Inscope said, “Financial reporting breaks down when systems aren’t designed for collaboration and change. Inscope replaces brittle, manual handoffs with a system that supports real-world review cycles and last-minute changes without breaking.”
With the new funding, Inscope plans to expand its engineering and go-to-market teams while broadening support for complex reporting requirements.
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