DataSnipper

DataSnipper offers an auditing automation platform that embeds directly into Excel to enable users to create audit trails. Users can select numbers from files such as an invoice, bank statements, or inventory documents and automatically reconcile against transactions. The platform offers a range of features including document and invoice data extraction and cross referencing tools, text recognition (including handwriting), data matching, and document management.

Furthermore, Datasnipper provides a number of pre-built automation templates across a range of common auditing processes, and enables users to create and share their own templates across their organization. The platform also offers a cloud collaboration suite that enables real-time coordination across teams as well as an AI suite that enables users to ask questions in natural language and generate insights from unstructured documents and data.

Key customers and partnerships

As of February 2024, the company served over 400,000 auditors across 125 countries. Its enterprise clientele included Deloitte, KPMG, Ernst & Young, PwC, Hilton, Siemens, and Frontier Airlines.

Funding and financials

In February 2024, DataSnipper raised USD 100 million in Series B funding led by Index Ventures at a valuation of USD 1 billion. The company planned to use the funding to expand across new verticals such as internal auditors, tax advisors, and forensic accountants, amongst others.