Inscope, an AI-powered financial reporting platform designed for accounting firms and enterprises, raised $14.5 million in funding led by Norwest, with participation from Storm Ventures, Better Tomorrow Ventures, Lightspeed Venture Partners, and strategic finance and enterprise software operators. The company has expanded its customer base more than fivefold over the past year and increased annual recurring revenue more than thirtyfold, driven by adoption among firms managing complex, high-volume reporting.
Modernizing Manual Financial Reporting
Despite decades of financial software investment, financial statement preparation remains largely manual, relying on spreadsheets, static documents, and fragmented review processes that increase audit risk. Inscope embeds intelligence directly into reporting workflows, enabling drafting, roll-forward, review, and validation with full audit trails and change control. The platform has strengthened enterprise-grade security, scalability, and auditability, onboarding several Top 100 accounting firms.
“Accurate and transparent financial reporting is what allows U.S. capital markets to function,” said Mary Antony, Co-Founder and CEO of Inscope. “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.”
“Financial reporting breaks down when systems aren’t designed for collaboration and change,” said Kelsey Gootnick, Co-Founder and COO of Inscope. “Inscope replaces brittle, manual handoffs with a system that supports real-world review cycles and last-minute changes without breaking.”
Built for Enterprises and Accounting Firms
Unlike traditional tools built for a single user group, Inscope serves both enterprises preparing statements and accounting firms auditing them, reducing handoffs and improving consistency. Firms report preparation cycles up to 60% faster with fewer late-stage revisions.
AI That Understands Financial Structure
Technical leadership includes Co-Founder and CTO Jared Tibshraeny and AI engineering led by Ankit Arya, focused on systems that understand financial statement structure and logic while preserving auditability.
Total funding to date reaches $18.8 million, supporting continued investment in engineering, product development, and enterprise expansion.