What is DataSnipper?
Headquartered in Amsterdam, Netherlands, DataSnipper was founded in 2017 by Maarten Alblas, Jonas Ruyter, and Kai Bakker. The company provides AI-powered tools integrated within Microsoft Excel, designed to automate and document critical audit and finance procedures such as tests of details, tests of controls, and walkthroughs. By enabling efficient data extraction, cross-referencing, and verification directly within Excel, DataSnipper enhances the speed and quality of audit processes. Its platform supports over 500,000 professionals globally across major auditing firms like Deloitte, EY, KPMG, and PwC, and serves clients including Volkswagen and Commonwealth Bank. The company has demonstrated remarkable growth, achieving 6,715 percent turnover growth and being recognized as the fastest-growing tech company in the Netherlands for two consecutive years. DataSnipper's offerings include specialized modules like the Financial Statement Suite, Cloud Collaboration Suite, Advanced Extraction Suite, and the generative AI tool DocuMine.
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 expansion and continued innovation. With a strong foundation built on automating complex financial workflows and a significant global user base, the company is poised to further solidify its market leadership. Future developments are likely to focus on enhancing its AI capabilities, expanding its suite of automation tools, and deepening its integration within the financial and auditing ecosystems. This strategic capital infusion will support global market penetration and the development of new solutions to meet the evolving demands of audit and finance professionals worldwide.
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