Every quarter, finance teams at mid-sized companies face the same grinding ritual: assembling financial statements that comply with Generally Accepted Accounting Principles. It's meticulous work. The kind that consumes weeks, demands endless cross-checks, and leaves even seasoned CPAs scrutinizing footnotes at midnight.
Mary Antony and Kelsey Gootnick know this intimately. Both certified public accountants, they spent years navigating these workflows at Flexport, the logistics startup, where they watched teams manually reconcile numbers, draft disclosures, and pray nothing slipped through before auditors arrived. The inefficiency gnawed at them.
Now their San Francisco-based company, Inscope, has raised $14.5 million in Series A funding to automate much of that tedious process—and the traction suggests they've touched a nerve. Norwest Venture Partners led the February 20 round, with Storm Ventures joining alongside earlier backers Better Tomorrow Ventures and Lightspeed Venture Partners.
The money arrives as Inscope's business has accelerated sharply. Over the past year, the startup quintupled its customer roster and grew annual recurring revenue more than thirtyfold, according to company figures. Clients now include recognizable names like Intercom, Miro, and Netlify, plus top-tier accounting firms such as CohnReznick.
Perhaps more telling: several firms from the top 100 U.S. accounting practices have signed on recently, a signal that professional services—historically cautious about automation—see something worth betting on.
The Labor Crunch Meets the AI Moment
Inscope's pitch is straightforward. Its platform doesn't just facilitate collaboration around financial reporting; it does the actual drafting. The software pulls data from enterprise resource planning systems like Oracle NetSuite, generates disclosure language tailored to company policies, and flags inconsistencies before they become audit headaches.
The company claims first drafts arrive 60% faster than manual methods, with review cycles shortened by 70%. Those aren't small gains in an industry where talent is increasingly scarce. Accounting degree graduates dropped 6.6% year-over-year in the 2023-24 academic cycle, intensifying pressure on firms already stretched thin.
"Financial reporting remains one of the most manual, error-prone processes in finance," noted Sean Jacobsohn, the Norwest partner who's joining Inscope's board. His firm sees opportunity in serving mid-market and enterprise companies that face public-company-level reporting rigor without the dedicated resources of a Fortune 500 finance department.
Storm Ventures' Dave Somers, formerly chief product officer at Workday, also participated. His involvement suggests validation from someone who's seen enterprise software adoption cycles up close.
Not Exactly Uncharted Territory
Inscope isn't attacking a vacuum. Established players like Workiva and Donnelley Financial Solutions rolled out AI features in late 2025, signaling category-wide momentum. But those platforms historically targeted public companies navigating SEC filings—a different beast than the mid-market firms Inscope courts.
The startup differentiates itself with features like automated roll-forward of prior-year financials and a Disclosure Assistant (launched January 2025) that identifies missing disclosures and suggests language based on ERP data. The system handles complex requirements: SEC-ready table formatting, footing and cross-footing verification, blackline tracking for auditor review.
It maintains SOC 2 Type I and Type II compliance—table stakes for any vendor serious about enterprise sales.
Where the Money Goes
The Series A brings Inscope's total funding to $18.8 million since its 2023 founding. The company previously pulled in $4.3 million in seed capital last June, led by Lightspeed, with checks from angels including Vipul Ved Prakash of Together AI, Jake Heller of Casetext, and CFOs from Autodesk, Miro, and Strike—a roster suggesting both tech credibility and finance-world validation.
Inscope plans to funnel the fresh capital into engineering and go-to-market hiring. The company also aims to expand support for increasingly complex reporting requirements and bolster enterprise readiness around security, scalability, and auditability. Sensible priorities for a startup eyeing larger deals.
Beyond Antony (CEO) and Gootnick (COO), the founding team includes Jared Tibshraeny as CTO and Ankit Arya leading AI development—a blend of accounting expertise and technical chops that mirrors the product's dual nature.
The Bigger Question
Whether Inscope can scale beyond early adopters remains to be seen. Finance teams are notoriously risk-averse, and audit season leaves little room for experimentation. But the growth metrics—especially the surge in accounting firm partnerships—suggest the value proposition is landing.
As mid-market companies brace for another reporting cycle and accounting practices hunt for leverage without bloating headcount, Inscope occupies an interesting spot. It's selling automation at precisely the moment when manual processes feel unsustainable and AI tools have matured enough to handle structured, high-stakes workflows.
The funding gives them runway to prove it's more than a moment. Whether they can turn that into enduring market position is the question every Series A company faces. For now, at least, the bet is on.
