What is DataSnipper?
Headquartered in Amsterdam, Netherlands, DataSnipper was founded in 2017 by Maarten Alblas, Jonas Ruyter, and Kai Bakker. The company specializes in providing AI-driven tools designed to automate and meticulously document critical audit and finance procedures, including tests of details, tests of controls, walkthroughs, and financial statement analysis. By enabling the efficient extraction, cross-referencing, and verification of data directly within Excel, DataSnipper significantly accelerates the speed and enhances the quality of audit and finance workflows. Its platform supports over 500,000 professionals globally across major auditing firms like Deloitte, Ernst & Young, KPMG, and PricewaterhouseCoopers, and serves a diverse range of industries including banking, insurance, and manufacturing. The company's innovative offerings, such as the Financial Statement Suite, Cloud Collaboration Suite, Advanced Extraction Suite, and the generative AI tool DocuMine, are instrumental in streamlining document workflows and enabling deep data analysis at scale.
How much funding has DataSnipper raised?
DataSnipper has raised a total of $100M across 1 funding round:
Series B
$100M
Series B (2024): $100M with participation from Index Ventures
Key Investors in DataSnipper
Index Ventures
Index Ventures is a venture firm investing in the next generation of entrepreneurs from seed to IPO. They partner with founders with bold dreams that challenge the status quo to build enduring companies.
What's next for DataSnipper?
The recent major enterprise-level funding positions DataSnipper for accelerated growth and further innovation. With a demonstrated track record of rapid expansion, including being named the fastest-growing tech company in the Netherlands for two consecutive years, this capital infusion is expected to fuel global market penetration and the continued development of its AI capabilities. The company's strategic focus on enhancing efficiency and quality for audit and finance professionals worldwide, coupled with its strong client base and global office presence, suggests a trajectory towards solidifying its leadership in the RegTech and FinTech automation space.
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