Amsterdam-based DataSnipper bags €92 million Series B to take AI to the auditors arena

1 mins

AI FOR Analytics

20 March 2024, 05:50PM

In BriefDataSnipper secures a €92 million Series B funding round led by Index Ventures, reaching a $1 billion valuation milestone.
CEO Vidya Peters highlights DataSnipper's role in automating mundane audit tasks, allowing auditors to focus on strategic analysis.
The company boasts a global customer base, including prominent firms like Deloitte and KPMG, spanning over 125 countries.
New product suites like the Cloud Collaboration Suite and AI Suite aim to address evolving needs in finance and audit.
DataSnipper aims to tackle challenges such as talent churn and regulatory pressures, injecting efficiency and dynamism into the auditing process.

Amsterdam-based DataSnipper bags €92 million Series B to take AI to the auditors arenaDataSnipper, a major player in audit and finance automation, secures a substantial €92 million Series B funding round led by Index Ventures, achieving a remarkable $1 billion valuation milestone. This investment underscores the company's commitment to revolutionizing the audit industry through AI-driven solutions.
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Half the world is creating more data than ever before, half the world needs to verify it – that’s the premise of the entire economy. 
Vidya Peters
CEO Vidya Peters emphasizes DataSnipper's pivotal role in alleviating the burden on auditors by automating mundane tasks, enabling them to focus on strategic analysis. With a customer base spanning over 125 countries and including prominent firms like Deloitte and KPMG, DataSnipper aims to further expand its reach across various sectors beyond external audit.
The introduction of new product suites, such as the Cloud Collaboration Suite and AI Suite, reflects DataSnipper's dedication to providing cutting-edge solutions tailored to the evolving needs of finance professionals. By addressing challenges like talent churn and regulatory pressures, DataSnipper aims to inject efficiency and dynamism into the auditing process, ensuring continued growth and industry leadership.