InScope raises $14.5M to automate financial statement preparation with AI

InScope, an AI-powered financial reporting platform, raised a $14.5M Series A led by Norwest. The tool automates manual work in financial statement preparation, from verifying math to formatting. Ensuring uniform dollar signs and commas alone can save accountants up to 20% of their time. The co-founders built the platform after encountering the same manual hurdles at companies including Flexport, Miro, and Thrive Global. Legacy platforms like Workiva still require significant manual intervention.

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