Inscope raises $14.5 million Series A led by Norwest to automate financial reporting
DUBAI, UAE — February 23, 2026
Inscope announced $14.5 million in Series A funding led by Norwest Venture Partners, with participation from Storm Ventures, Better Tomorrow Ventures, and Lightspeed Venture Partners, bringing total funding to $18.8 million. The round, announced February 20, 2026, will fuel engineering and go-to-market expansion to streamline financial statement preparation for enterprises and accounting firms. Over the past 12 months, Inscope’s customer base grew 5x and ARR surged over 30x.
Announcement Specifics:
The Series A follows a $4.3 million seed round led by Lightspeed in 2023. Founded in 2023 by CPAs Mary Antony (CEO) and Kelsey Gootnick (COO), alongside CTO Jared Tibshraeny, Inscope targets enterprises and accounting firms using AI for drafting, reviewing, and validating financial statements while preserving audit trails. Customers report 60% faster reporting cycles and fewer errors. The platform serves firms including top-15 accounting firm CohnReznick, automating verification and formatting to save up to 20% time.
Stakeholder Perspective:
“Inscope provides the infrastructure teams need to produce high-quality, auditable financial statements at scale.”
— Mary Antony, CEO at Inscope
Why it matters: This addresses mounting regulatory scrutiny and accounting talent shortages as firms struggle with manual Excel and email-based processes.
“Inscope replaces brittle, manual handoffs with a system that supports real-world review cycles and last-minute changes without breaking.”
— Kelsey Gootnick, COO at Inscope
Why it matters: The platform’s resilience during critical close periods differentiates it from legacy tools that fail under pressure.
“Inscope is tackling a problem every CFO and accounting partner recognizes.”
— Sean Jacobsohn, Norwest Venture Partners
Why it matters: Investor validation signals growing confidence in AI solutions for traditionally conservative finance professionals.
Industry context
Financial reporting remains predominantly manual despite tools like Workiva, causing rework and audit risks. A PYMNTS report shows 87% of CFOs view GenAI as vital to operations. This funding signals accelerating investor confidence in AI to modernize the Office of the CFO, replacing legacy systems with auditable intelligence amid demands for faster closes and enhanced visibility.
Regional implications for MENA markets remain undisclosed, with no verified operational hubs in Riyadh, Dubai, or Abu Dhabi at this time.
Conclusion
Inscope plans to expand into complex reporting scenarios and onboard Top 100 accounting firms, positioning the company to redefine financial reporting standards and drive efficiency and trust in AI-driven fintech workflows globally.
Sources: PYMNTS, Inscope, TechCrunch
