Scope

Investor: Index Ventures

Investor: Index Ventures

London-based industrial AI startup Scope AI has successfully raised £14.9 million ($20 million) in a Series A funding round led by Index Ventures to eliminate manual paperwork in heavy industries. Summary of transaction details: Value: £14.9 million ($20 million) Sector: DeepTech & AI / Industrial Tech / Compliance Advisor: Not disclosed Key Entities: Target: Scope AI; Lead Investor: Index Ventures; Participating Investors: Susa Ventures, Entrepreneurs First, Syndicate 1; Key Founders: Jonathan Low (CEO), Jakob Cassiman (CTO). Location: London, UK Note: Founded in 2024, Scope AI targets the massive $300 billion Testing, Inspection, and Certification (TIC) industry, where field technicians in safety-critical sectors like aerospace and energy still rely heavily on clipboards, pen-and-paper, and legacy workflows. Currently, a standard four-hour on-site inspection can trigger days of manual data transcription and office-bound administration. Scope's platform captures inspections via live audio, video, and notes in real time, automatically auto-filling compliance forms and generating finished reports. This reduces total reporting time by up to 10x and drops error rates by 95%. Backed by a 9x explosion in ARR and a 100% pilot-to-paid conversion rate—including deployments at 6 of the top 10 global inspection firms—this capital injection will scale their London engineering team and expand their deployment pipeline.