Technical

Srinivasa Reddy Kand: InScope Raises $14.5M to Modernize Financial Reporting Workflows

February, 21, 2026-01:48

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InScope Raises $14.5M to Modernize Financial Reporting Workflows:

Preparing financial statements has never been simple. Even without formal accounting knowledge, a quick look at a 10-K or 10-Q filing makes it clear how detailed and demanding the process can be.

Although established platforms like Workiva and Donnelley Financial Solutions aim to simplify reporting, experienced accountants Mary Antony and Kelsey Gootnick found the reality far more manual than expected.

The two first crossed paths seven years ago at Flexport, where Gootnick worked as controller and Antony as assistant controller. Even after their careers took them to different companies—Antony to Miro and Gootnick to Hopin and later Thrive Global—they continued to face the same frustrations.

Financial reporting, they observed, still relies heavily on disconnected spreadsheets, Word documents, and endless email threads. Data is compiled in pieces, transferred manually between tools, and reviewed through back-and-forth communication—making the process time-consuming and error-prone.

To address these inefficiencies, the founders launched InScope, which has now secured $14.5 million in funding to build a more streamlined, integrated approach to financial reporting.

In 2023, the two founders officially launched InScope, an AI-driven platform built to simplify and accelerate financial reporting. The software is designed to help companies and accounting firms automate large portions of the financial statement preparation process, reducing the heavy manual workload traditionally involved.

The company has now secured $14.5 million in Series A funding, led by Norwest Venture Partners, with additional participation from Storm Ventures and existing investors Better Tomorrow Ventures and Lightspeed Venture Partners.

While InScope does not yet fully automate the creation of income statements or balance sheets, it significantly reduces time-consuming tasks such as verifying calculations, standardizing formatting, and ensuring consistency across documents. According to CEO Mary Antony, even small improvements—like aligning dollar signs and commas correctly—can free up as much as 20% of an accountant’s time.

Author: Kandi Srinivasa Reddy, Srinivasa Reddy Kandi, #KandiSrinivasaReddy, #SrinivasaReddyKandi