Inscope Secures $14.5M in Series A Funding for AI Financial Reporting Platform
The spreadsheets were quiet. Too quiet. Somewhere inside a mid-market finance team, another associate was manually tying out footnotes at 11:47 p.m., praying the cross-references behaved. And in San Francisco, Inscope decided that was a problem worth $14.5M.
Inscope just closed a $14.5M Series A led by Norwest, with Storm Ventures participating and existing backers Better Tomorrow Ventures and Lightspeed Venture Partners doubling down. When firms like that lean in, they are not funding vibes. They are funding velocity. Congratulations to Mary Antony, CPA, Co-Founder & CEO, Kelsey Gootnick, CPA, Co-Founder & COO, Jared Tibshraeny, Cofounder & CTO, and Ankit Arya, Head of AI. Built by CPAs who lived the late nights, now engineering the exit ramp.
Founded in 2023 and headquartered in San Francisco, Inscope is focused on one of the least glamorous and most mission-critical workflows in business: financial statement preparation. Not the flashy dashboard. The real work. GAAP statements, recurring period reporting, math checks, internal consistency, formatting, version control. The stuff that breaks careers when it breaks.
Over the past 12 months, the company grew its customer base more than 5x and annual recurring revenue more than 30x. That kind of compounding does not happen because a landing page looks sharp. It happens because accounting firms and enterprise finance teams see time saved, risk reduced, and review cycles tightened. The platform links statements to underlying data, keeps audit trails intact, and wraps artificial intelligence around the grunt work without removing human judgment. Automation with accountability.
Norwest’s bet signals something bigger. The Office of the CFO is becoming a proving ground for applied AI, and not the headline-grabbing kind. The disciplined kind. Inscope replaces manual spreadsheet gymnastics with structured, audit-ready workflows. For firms navigating talent shortages and rising complexity, that is not a nice-to-have. That is oxygen.
There is also a lesson here for founders. Inscope did not chase every fintech buzzword. It went straight at a dense, painful, under-loved problem. Participated in Better Tomorrow Ventures’ The Mint. Raised a $4.3M seed led by Lightspeed. Built with practitioners. Then scaled with proof. Five-times customers. Thirty-times annual recurring revenue. Capital follows clarity.
Financial reporting has always been about scope. What is in. What is out. What can be trusted. Inscope understood that if you control the scope, you control the narrative inside the numbers. And in a world where trust is the ultimate currency, the firms that can close faster, cleaner, and with fewer surprises are not just more efficient. They are more credible.