Inscope secures $14.5M to automate manual financial statement preparation

Inscope said it raised $14.5 million in a Series A round disclosed Feb. 20, 2026, to replace manual financial statement preparation with machine learning-driven workflows that the company says can shave hundreds of hours from quarter-end close. Norwest led the round, which brings Inscope’s total funding to $18.8 million after a $4.3 million seed in 2023 led by Lightspeed Venture Partners.

The round included participation from Storm Ventures, Better Tomorrow Ventures, Lightspeed and “strategic operators across finance and enterprise software,” according to the company. Norwest partner Sean Jacobsohn praised the product’s credibility with finance teams, saying, “Inscope is tackling a problem every CFO and accounting partner recognizes,” and “They’ve built AI that finance professionals trust - which is rare, and hard to earn.”

San Francisco-based Inscope positions itself as an AI-native alternative to spreadsheet workflows used by accounting firms and corporate finance teams. The company says its software “embeds intelligence directly into the financial reporting workflow,” helping teams draft, roll forward, review and validate financial statements while maintaining full audit trails and change control. Co-founder and chief operating officer Kelsey Gootnick framed the product as a practical fix for the late-stage frictions that still consume teams’ time: “Financial reporting breaks down when systems aren’t designed for collaboration and change,” and “Inscope replaces brittle, manual handoffs with a system that supports real-world review cycles and last-minute changes without breaking.”

Inscope emphasizes automating the “last-mile” checks that auditors and preparers still perform by hand: arithmetic verification, formatting consistency, cross-document tie-outs and narrative alignment for forms such as 10-Ks and 10-Qs. The company says that approach focuses on the 20 percent of tasks that generate the most review cycles and late-night work, rather than attempting to instantly generate entire sets of financials.

The startup reported a fivefold increase in customers over the past year and cited adoption by CohnReznick, described by the company as one of the nation’s largest accounting firms, as an example of traction among external auditors and advisory practices. That kind of uptake matters because auditors and large accounting firms influence suppliers’ and clients’ acceptance of new reporting tools and their controls.

Inscope’s founders, Mary Antony and Kelsey Gootnick, were accountants who later worked at high-growth companies including Flexport, Miro, Hopin and Thrive Global, and the company says that background shaped its focus on collaboration and scale. The Series A proceeds will be used to expand engineering capacity and pursue enterprise customers, company representatives said.

The financing arrives in a market already populated by close-automation incumbents such as BlackLine, Workiva and FloQast, underscoring investor belief in a multi-billion-dollar financial reporting software opportunity. Norwest’s software and fintech investments, including Acorns, Credit Karma and Plaid, helped frame the firm’s decision to lead the round, the investor said.

As Inscope moves to convert accounting firms’ proof-of-concept deployments into broader enterprise rollouts, the key test will be whether its controls and audit trails satisfy large auditors and corporate controllers who remain conservative about integrating AI into submission-ready reporting.