Inscope, an AI-powered financial reporting platform built for accounting firms and enterprises, has closed a $14.5 million Series A funding round. The round was led by Norwest, with participation from Storm Ventures, existing backers Better Tomorrow Ventures and Lightspeed Venture Partners, and strategic operators from across the finance and enterprise software space. The company has now raised $18.8 million in total, including a $4.3 million seed round led by Lightspeed in 2023.
Growth metrics suggest strong market traction: over the past twelve months, Inscope grew its customer base by more than five times and increased annual recurring revenue by over thirty times, driven by accounting firms and finance teams handling complex, high-volume reporting.
Despite decades of investment in financial software, preparing and reviewing financial statements remains largely manual. Most teams still rely on disconnected Excel files, static documents, email-driven review cycles, and last-minute edits. The result is rework, version confusion, and unnecessary audit risk.
"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," added Kelsey Gootnick, Co-Founder and COO. "Inscope replaces brittle, manual handoffs with a system that supports real-world review cycles and last-minute changes without breaking."
What sets Inscope apart from traditional reporting tools is that it serves both sides of the process simultaneously. Enterprises use it to prepare financial statements; their accounting firms use it to audit them. This shared infrastructure reduces handoffs, improves consistency, and lowers the risk of misstatements.
Accounting firms using Inscope report 60% faster preparation cycles, fewer late-stage review iterations, and better consistency across client engagements. The company is currently onboarding several Top 100 accounting firms, each supporting thousands of client engagements on the platform.
"As an accounting advisory partner, consistency and trust are everything," said Aric Johnstone, Partner at Williams Marston. "Inscope enables our teams to deliver higher-quality financial statements for our clients faster, with less rework during review."
With the Series A in place, Inscope will continue investing in engineering and go-to-market functions, while expanding support for complex reporting requirements across large organizations. Over the past year, the company has already focused on making the platform enterprise-ready, building out security, scalability, and auditability features.
AI engineering is led by Ankit Arya, who builds systems designed to understand the structure and logic of financial statements, not just process them.
"Most AI tools in finance operate at the surface level," Arya said. "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."
Inscope was founded in 2023 by Mary Antony and Kelsey Gootnick. The platform helps companies and accounting firms prepare, review, and deliver financial statements with greater accuracy and speed, automating manual workflows while keeping full audit trails intact. Since the seed round, Inscope expanded its technical leadership with Jared Tibshraeny joining as Co-Founder and CTO.
The platform embeds intelligence directly into the reporting workflow, helping teams draft, roll forward, review, and validate statements at every stage of the process. The goal is not to replace the accountant but to remove the friction that slows them down.
"Inscope is tackling a problem every CFO and accounting partner recognizes," said Sean Jacobsohn, Partner at Norwest. "They've built AI that finance professionals trust — which is rare, and hard to earn."
The round brings together Norwest Venture Partners, Storm Ventures, Lightspeed Venture Partners, and Better Tomorrow Ventures, reflecting broad institutional support for Inscope's approach to financial reporting infrastructure.
