Inscope, an AI-native GAAP financial statement preparation platform, has raised $14.5M in Series A funding. The company automates the 'messy middle' of financial reporting—including drafting, formatting, cross-footing, disclosures, and reviews—for mid-market and enterprise accounting teams and firms. This capital will fuel product enhancements and market expansion.
GAAP Reporting AI Momentum Builds
The timing aligns with accelerating adoption of AI in accounting workflows. Incumbents like NetSuite and Sage Intacct face known gaps in closing and reporting, as detailed in recent analyses. Inscope differentiates by providing the first GAAP-specific automation platform, replacing manual Excel and Word processes.
Manual Reporting Drains Controller Time
Mid-market and enterprise teams spend countless hours on repetitive financial statement tasks using spreadsheets and documents. These manual processes lead to errors, delays in book closes, and increased audit risks. Inscope customers achieve 60% faster first drafts, 70% less review time, and 80% fewer manual tasks, highlighting the scale of the problem.
AI Powers Precision Financial Prep
Inscope's platform features AI-powered auto-roll forward, smart formatting, a disclosure assistant, and a review assistant with footing checks and consistency scans. Live Excel sync and version control ensure seamless integration. Unlike general ERP tools, Inscope focuses exclusively on GAAP-compliant statement preparation, actively automating what others leave manual.
NetSuite and Sage Intacct offer ERP breadth but lack specialized AI for the 'messy middle,' forcing users back to Excel for complex formatting and disclosures. Inscope's targeted approach delivers immediate time savings without disrupting existing workflows.
Series A Signals Strategic Validation
The $14.5M Series A, announced in early 2026, reflects strong investor belief in AI-driven financial reporting efficiency. Founded in 2023, Inscope has quickly won trust from 50+ leading companies, including Intercom, Miro, Grubhub, Chronosphere, and accounting firm CohnReznick. This funding positions Inscope to scale amid rising demand for faster, accurate closes.
Accounting Automation Landscape Expands
AI is fragmenting the accounting software market along specialized lines. While ERP leaders invest in broad AI features, niche players like Inscope capture the preparation niche. Traction metrics—60% faster drafts and 70% review time reduction—demonstrate real-world impact, with early access to automated cash flow statements signaling further innovation.
Competitors continue to evolve: NetSuite and Sage Intacct address some gaps but trail in GAAP-specific automation. Inscope's focus on the underserved preparation phase sets it apart in a market shifting toward AI-native tools.
Controllers Drive Credible Innovation
Inscope was built by controllers with over 30 years of combined experience, individuals who encountered these pain points daily in their careers. This firsthand expertise informs every feature, from audit trails to compliance-focused disclosures, lending unmatched credibility to the platform.
Cash Flow Automation Accelerates Next
With automated cash flow statements entering early access, Inscope targets another major pain point in financial reporting. This milestone, combined with the fresh Series A capital, sets the stage for broader adoption among accounting firms and enterprises seeking CSRD compliance and beyond.