AI Financial Reporting Platform Inscope Raises $14.5 Million
AI Financial Reporting Platform Inscope Raises $14.5 Million
Publish Date: 2026-02-20 20:58:00
Source Domain: www.pymnts.com
- Inscope secured $14.5 million in a Series A funding round to boost the adoption and features of its AI-powered financial reporting platform.
- The funding brings the company’s total investment to $18.8 million, including a $4.3 million seed round raised earlier in 2024.
- Inscope plans to use the new funds to strengthen its engineering and sales teams and to enhance its platform’s support for complex reporting needs.
- The AI platform assists enterprises’ accounting teams with drafting, updating, reviewing, and validating financial statements while maintaining full audit trails and change control.
- The platform replaces manual methods, reducing rework, version confusion, and audit risks commonly associated with traditional processes like Excel-based files and email reviews.
- Inscope’s customer base has grown fivefold, and its annual recurring revenue has increased over 30 times in the past 12 months.
- The Series A round was led by Norwest, highlighting the acceleration of automation and intelligence in financial reporting.
- Financial reporting is notably one of the most important areas where CFOs are integrating generative AI, according to the PYMNTS Intelligence report.
