Inscope, an AI-powered financial reporting platform built for accounting firms and enterprises, announced it has raised $14.5 million in Series A funding. The round was led by Norwest, with participation from Storm Ventures, Better Tomorrow Ventures, Lightspeed Venture Partners, and strategic operators across finance and enterprise software.
Over the past 12 months, the company grew its customer base by more than 5x and increased annual recurring revenue by over 30x, driven by adoption among accounting firms and finance teams managing complex, high-volume reporting. During that time, Inscope invested in making its platform enterprise-ready, strengthening security, scalability, and auditability. The company is onboarding several Top 100 accounting firms that collectively support thousands of client engagements on Inscope, reflecting growing demand for standardized, firm-wide reporting infrastructure.
Despite decades of investment in financial software, financial statement preparation and review remain largely manual. Many accounting teams still rely on disconnected Excel files, static documents, email-driven review cycles, and last-minute changes, leading to rework, version confusion, and avoidable audit risk. Inscope aims to replace these fragmented workflows with an integrated system that embeds intelligence directly into the reporting process. The platform enables teams to draft, roll forward, review, and validate financial statements while maintaining full audit trails and change control.
Unlike traditional reporting tools designed for a single user group, Inscope serves both enterprises preparing financial statements and the accounting firms that audit them. By offering shared infrastructure across both sides of the audit process, the company reduces handoffs, improves consistency, and lowers the risk of misstatements. Accounting firms using Inscope report 60% faster preparation cycles, improved consistency, and fewer review iterations late in the process.
Since its seed round, the company expanded its technical leadership with the addition of Jared Tibshraeny as co-founder and CTO. AI engineering is led by Ankit Arya, who is focused on building systems that understand the structure and logic of financial statements while preserving auditability. With the new funding, Inscope plans to continue investing in its engineering and go-to-market teams and to expand support for complex reporting requirements across large organizations.
The company has raised $18.8 million in total funding to date, including a $4.3 million seed round led by Lightspeed Venture Partners in 2023.
KEY QUOTES:
“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.”
Mary Antony, Co-Founder And CEO Of Inscope
“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.”
Kelsey Gootnick, Co-Founder And COO Of Inscope
“As an accounting advisory partner, consistency and trust are everything. Inscope enables our teams to deliver higher-quality financial statements for our clients faster, with less rework during review.”
Aric Johnstone, Partner At Williams Marston
“Most AI tools in finance operate at the surface level. We’re building systems that understand how financial statements actually work – how tables roll forward, how disclosures connect, and where inconsistencies hide – while preserving auditability end to end.”
Ankit Arya, AI Engineering Lead At Inscope
“Inscope is tackling a problem every CFO and accounting partner recognizes. They’ve built AI that finance professionals trust – which is rare, and hard to earn.”
Sean Jacobsohn, Partner At Norwest
