DataSnipper's auditing platform raises $100M, achieves unicorn status
Summary
Regulation and scrutiny of audit have deepened following high-profile accounting scandals, leading to calls for greater competition in the sector. DataSnipper lets auditors focus their expertise on assessments of risk and strategy and play that essential advisory role that no algorithm can.Hannah Seal, partner at Index Ventures, who led the round and will join the board, shared:DataSnipper is not a technology searching for a use-case its a profound unmet need among auditors and finance teams. DataSnippers growth into new sectors comes directly from user demand, as professionals keep asking for the product once they experience how fast and delightful it is. Were thrilled to be backing Vidya and the whole team as they scale globally.The new funding will help DataSnipper expand across new verticals, including internal auditors, tax advisors, forensic accountants, and other sectors involving data reconciliation. DataSnipper already counts Hilton, Siemens, Frontier Airlines and the Government of Queensland as customers in these segments, and the company is also expanding rapidly across the Asia-Pacific and Latin American markets.