Scope Pulls In $20 Million to Bring AI to Industrial Inspections

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Scope, an AI workflow company built for the testing, inspection and certification industry, has raised $20 million. Index Ventures led the round, with Susa Ventures, Entrepreneurs First, and Syndicate 1 also participating. Several angel investors backed the company as well, among them Mehdi Ghissassi, Cedric Pech, Naren Shaam, and Andy Szybalski.

The platform is designed to modernize how industrial inspections are carried out in fields like aerospace and energy, where checks are essential to safety, maintenance, and keeping operations running. Scope points out that inspectors often still work with pen and paper and outdated reporting tools, to the point where a four-hour on-site inspection can lead to as much as ten days of reporting and paperwork afterward.

To close that gap, Scope’s software captures inspections through live audio, video, and notes, and pulls up relevant historical context as the work happens. It fills out forms automatically, organizes the inspection data, and produces reports from what the inspector finds in the field. The company says this cuts reporting time by a factor of ten and reduces error rates by 95 percent.

Scope reports strong traction since it launched in July of last year, citing 9x growth in annual recurring revenue and a 100 percent pilot conversion rate. Inspectors at six of the ten largest global inspection companies are already working with the platform.

The company frames its product as an answer to a workforce problem facing the $300 billion TIC industry. Training a certified inspection professional can take up to ten years, and filling a vacated role takes about ten months on average. On top of that, Scope estimates that roughly 40 percent of key technicians are likely to retire within the next five to ten years.

Scope was co-founded by chief executive Jonathan Low and chief technology officer Jakob Cassiman. Low previously worked at the AI lab Conjecture, while Cassiman was a machine learning engineer at the enterprise AI company ML6 after studying as a Fulbright Scholar at Carnegie Mellon University.

The new money will go toward growing the company’s London-based team and pushing adoption among global inspection firms. Over the longer term, Scope wants to turn inspections into a continuously updated intelligence layer for physical infrastructure, giving operators a way to anticipate asset health problems and spot failure risks earlier.