DataSnipper B.V.

Based in the Netherlands, DataSnipper B. V. is an Intelligent Automation Platform that enhances efficiency in audit and finance workflows through automation and collaboration technologies. DataSnipper B.

V. is focused on transforming audit and finance operations through its innovative platform. Founded in 2017 in Amsterdam, Netherlands, by Jonas Ruyter, Kai Bakker, and Maarten Alblas, the company has raised a total of USD 100. 00 mn through 2 funding rounds.

The latest Series B round, led by Index Ventures, occurred on February 1, 2024, resulting in a current company valuation of USD 1,000. 00 mn. DataSnipper is an Intelligent Automation Platform primarily designed to enhance efficiency in audit and finance workflows. The platform provides a suite of tools that facilitate the collection, extraction, cross-referencing, and verification of data, with a strong emphasis on automation and collaboration.

Core offerings include features such as AI Agents that streamline processes, transforming traditional disclosure checklist reviews into efficient workflows. This platform is particularly valuable for professionals in external and internal audit, tax, financial control, and government audit sectors. DataSnipper serves over 600,000 users across more than 175 countries, including various industries such as banking, manufacturing, and insurance. Its geographical reach encompasses global markets, positioning the company as a key player in the intelligent automation space for auditing and finance.

DataSnipper generates revenue through a subscription-based model, catering primarily to B2B clients in the auditing and financial sectors. Clients engage with the platform through annual or multi-year subscription plans, which provide access to the extensive features of the DataSnipper suite, including its AI Dashboard, reporting capabilities, and the UpLink Financial Statement Suite. The transaction structure is designed to accommodate various roles within organizations, from team contributors to C-level executives, enhancing scalability and flexibility in service delivery. Pricing plans are structured to reflect the needs of different user tiers, ensuring that the platform is accessible to a diverse range of users, from individual auditors to large firms seeking robust automation solutions.

In February 2024, DataSnipper B. V. raised USD 100. 00 mn in Series B funding led by Index Ventures.

The company plans to utilize this funding to further develop its AI integration and expand its market reach. Upcoming products include enhanced AI tools expected to be launched in late 2024, targeting expansion into new geographic regions, including North America and Asia, by 2025.