Inscope raises $14.5M for reporting SaaS
Inscope, a London-based reporting automation platform, has secured $14.5 million in a Series A funding round. The company aims to use the capital to modernize compliance and analytics workflows for its clients, signaling investor demand for SaaS solutions that streamline regulatory complexity.
- This Series A round was led by Norwest Venture Partners and brings Inscope's total funding to $18.8 million, following a $4.3 million seed round in 2023. - The company, founded in 2023 by CPAs Mary Antony and Kelsey Gootnick, reports its customer base grew 5x and annual recurring revenue surged over 30x in the last 12 months. - Inscope is headquartered in San Francisco and aims to automate what it calls "the last manual workflow in finance," replacing disconnected Excel files and email-driven reviews that are prone to errors. - Its AI platform is designed for both enterprises and the accounting firms that audit them, creating a shared infrastructure that customers report speeds up reporting cycles by 60%. - The CTO role at a Series A company like Inscope typically involves being a hands-on "player-coach," directly involved in coding and architecture, before shifting to strategic leadership and scaling the engineering organization at later stages. - The platform's use of AI for auditable compliance reflects a wider enterprise trend of using AI agents to automate risk detection, monitor regulatory changes in real-time, and enforce data governance policies. [
