Inscope, a San Francisco, CA-based provider of an AI-powered financial reporting platform built for accounting firms and enterprises, has raised $14.5 million in a Series A funding round led by Norwest.
The round also saw participation from Storm Ventures, existing investors Better Tomorrow Ventures and Lightspeed Venture Partners, and others.
The raise brought the total amount to $18.8M to date, including a $4.3M Seed round led by Lightspeed Venture Partners in 2023.
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The company plans to use the funds to further invest in its engineering and go-to-market teams and to expand support for complex reporting needs across large organizations.
Inscope is an AI-powered financial reporting platform designed for accounting firms and enterprises. The company has focused on making the platform enterprise-ready by investing in security, scalability, and audit capabilities. It is now onboarding several Top 100 accounting firms that manage thousands of client engagements on Inscope, showing rising demand for standardized, firm-wide reporting systems.
Inscope embeds intelligence directly into the financial reporting workflow, helping teams draft, roll forward, review, and validate financial statements while maintaining full audit trails and change control.
Accounting firms using Inscope report 60% faster preparation cycles, improved consistency, and fewer review iterations late in the process.
Unlike traditional reporting tools built for just one type of user, Inscope supports both companies preparing financial statements and the accounting firms that audit them. This shared platform reduces back-and-forth, improves consistency, and lowers the risk of errors.
Even after years of investment in financial software, preparing and reviewing financial statements is still mostly manual. Accounting teams often use separate Excel files, static documents, email-based reviews, and last-minute edits, which can cause rework, version confusion, and unnecessary audit risk.
Over the past 12 months, the company has expanded its customer base more than fivefold and increased annual recurring revenue by over 30 times, fueled by adoption among accounting firms and finance teams managing complex, high-volume reporting.
“Mary Antony, Co-Founder and CEO of Inscope, said accurate and transparent financial reporting is essential for U.S. capital markets. She noted that growing regulatory pressure and a shortage of accounting talent make manual, disconnected processes risky. She added that Inscope provides the tools teams need to create high-quality, audit-ready financial statements at scale.”
“Kelsey Gootnick, Co-Founder and COO of Inscope, said financial reporting struggles when systems are not built for collaboration and change. She explained that Inscope replaces fragile, manual handoffs with a platform designed to handle real-world review cycles and last-minute updates smoothly.”
“Aric Johnstone, Partner at Williams Marston, said consistency and trust are critical in accounting advisory work. He noted that Inscope helps their teams produce higher-quality financial statements more quickly, with less rework during the review process.”
“Arya said most AI tools in finance only address surface-level tasks. He explained that they are building systems that truly understand how financial statements work—how tables update over time, how disclosures link together, and where errors can appear—while maintaining full auditability from start to finish.”
“Sean Jacobsohn, Partner at Norwest, said Inscope is solving a challenge that every CFO and accounting partner understands. He added that the company has developed AI that finance professionals trust, which is both uncommon and difficult to achieve.”
About Inscope
Founded in 2023 by Mary Antony and Kelsey Gootnick, Inscope is backed by Norwest Venture Partners, Storm Ventures, Lightspeed Venture Partners, and BTV. The company offers an AI-powered financial reporting platform that helps businesses and accounting firms prepare, review, and deliver financial statements more accurately and efficiently. By automating manual tasks and embedding intelligence into the reporting process, Inscope reduces risk, improves consistency, and speeds up reporting cycles.
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