Scope raises €17.3 million led by Index

Scope said on May 22 it raised €17.3 million in a funding round led by Index Ventures to expand software that automates industrial inspections. The London-based startup sells AI workflow tools for the testing, inspection and certification industry, known as TIC, where inspectors still often rely on paper notes, manual data entry and legacy reporting systems. Index Ventures said Scope has users at six of the top 10 global inspection companies and has posted 9x growth in annual recurring revenue since launch. Scope said the new money will be used to grow its team and accelerate deployments with inspection customers in Europe and North America. ### What exactly does Scope sell to industrial inspection teams? Scope’s software is built for inspectors working on heavy assets in sectors such as aerospace and energy, according to the company’s website and investor materials. The platform lets inspectors capture findings through audio, video and forms in the field, works offline, surfaces historical context, autofills forms and generates reports in Word, Excel or PDF when an inspection is complete. (eu-startups.com) A four-hour on-site inspection can lead to as much as 10 days of reporting and administrative work under existing processes, Scope said. The company says its software cuts reporting time by 10x and reduces error rates by 95%, though those performance claims are from the company. (getscope.ai) ### Why are investors betting on this part of industry now? Index Ventures said Scope is targeting the TIC market, where certified roles can take up to 10 years to qualify for and replacing a lost role takes an average of 10 months. The firm said 40% of inspectors are set to retire within the decade, a labor constraint that gives software promising capacity gains a clearer sales case. (eu-startups.com) Jonathan Low, Scope’s chief executive, said the product is meant to support inspectors rather than replace them. “The TIC industry doesn’t need AI that replaces people; it needs to empower experts to work faster and smarter,” Low said in comments published by EU-Startups and Pulse 2. (indexventures.com) ### Who joined the round alongside Index Ventures? Index Ventures led the financing, and EU-Startups and Pulse 2 reported participation from Susa Ventures, Entrepreneurs First and Syndicate 1. Those reports also named angel investors including Mehdi Ghissassi, Cedric Pech, Naren Shaam and Andy Szybalski. (eu-startups.com) Index Ventures partners Stephane Kurgan and Bastian Hasslinger said in their investment note that Scope’s traction helped drive the decision to lead the $20 million round. They said the company had a 100% pilot conversion rate and that inspectors at six of the top 10 global inspection companies are already using the platform. (eu-startups.com) ### How far along is the company? Scope was founded in 2024 by chief executive Jonathan Low and chief technology officer Jakob Cassiman, according to EU-Startups. Low previously worked at Conjecture, while Cassiman previously worked as a machine learning engineer at ML6, Pulse 2 reported. (indexventures.com) The company’s website says it is “trusted by 7 of the top 10 largest inspection providers,” while Index Ventures’ investment note says inspectors at six of the top 10 global inspection companies are using the platform. The difference was not explained in the material reviewed, but both sources describe adoption among large inspection providers. ### What comes next after this raise? Scope said the funding will go toward expanding its London-based team and accelerating adoption among leading inspection companies globally. (eu-startups.com) The company’s longer-term aim, according to Index Ventures and Pulse 2, is to build an intelligence layer around physical infrastructure by turning inspection data into a system that can help operators track asset condition and respond earlier to risks. (getscope.ai) May 22 is the date Scope publicly disclosed the financing, and the company’s next visible milestones are likely to be new customer deployments and hiring tied to that expansion plan. Index Ventures identified itself as the lead investor, and Scope’s website continues to direct prospective customers to request demonstrations of the product. (eu-startups.com) (indexventures.com)