UK-based AI startup Scope has raised €17.3 million in funding led by Index Ventures to accelerate industrial inspection workflows through automation. Scope achieved a 9x increase in ARR since its launch in July last year and maintains a 100% pilot conversion rate. The recent funding highlights growing investor interest in AI-powered manufacturing and factory efficiency solutions.
Scope Eyes Industrial AI Expansion
Scope, a London-based AI workflow platform transforming inspections for the TIC (testing, inspection, certification) industry, has raised €17.2 million ($20 million) in funding to grow its London-based team and accelerate adoption among leading inspection companies globally.
The round was led by Index Ventures with participation from Susa Ventures, Entrepreneurs First, and Syndicate 1. Notable angels include Mehdi Ghissassi (Ai71, ex-DeepMind), Cedric Pech (MongoDB), Naren Shaam (Omio), and Andy Szybalski (Microsoft AI).
Stephane Kurgan, Partner at Index Ventures, said, “Jonny knows the intricacies of the TIC industry inside out. He is spending an incredible amount of time in the field to understand inspection problems in granular detail and feed them back to the product team. It has allowed Scope to drive massive value to their AI inspection customers, and a 100% pilot conversion rate is a testament to this hard work.”
Scope Improves Factory Efficiency & Quality Control
Founded in 2024 by Low and Jakob Cassiman (CTO), Scope is an AI workflow platform for the heavy asset inspection industry. The company claims to help inspection teams capture findings in the field, access relevant context, automate admin, and generate reports in minutes.
Scope opines that the inspection process remains highly inefficient, as inspectors in the field often rely on pen, paper, and clipboards. Reports are generated using outdated software, which means that an extensive on-site inspection can require weeks of data analysis and report writing.
Scope claims that its AI-powered workflows are transforming the way industrial inspections are carried out, recorded, and reported, introducing greater efficiency, unlocking new scale, and freeing inspectors to spend more time in the field making expert judgments.
With Scope, inspections are recorded using live audio, video, or notes, regardless of conditions, and relevant historical context can be quickly retrieved. Scope then autofills forms, organizes data, and automatically generates reports based on inspection findings. As a result, the time spent producing reports is reduced by 10x, and error rates are cut by 95%.
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What’s Next for Scope & Industrial AI Adoption?
The company emphasizes that inspections are vital for maintaining the operation of critical industries and the global economy. They ensure safety, collect industrial performance data, and support asset maintenance. Without inspections, industries ranging from aerospace to energy could come to a halt.
Jonathan Low, Scope CEO, said, “The TIC industry doesn’t need AI that replaces people; it needs to empower experts to work faster and smarter. Scope gives inspectors the context, workflows, and reporting support they need to spend more time in the field and less time chained to desks.”
Scope has a long-term vision to turn every inspection into a data point in a live, queryable database of physical infrastructure and to train and build models that encapsulate the world’s knowledge.