Scope, a London startup that makes AI software for the testing, inspection and certification (TIC) industry, raised a $20m Series A in May 2026. The amount is reported as €17.2m in some outlets and £15m by BusinessCloud. Index Ventures led the round.
Susa Ventures, Entrepreneurs First and Syndicate 1 took part. Angel investors included Mehdi Ghissassi, Cedric Pech, Naren Shaam and Andy Szybalski, according to Pulse 2.0. No valuation was disclosed.
“The TIC industry doesn’t need AI that replaces people; it needs to empower experts to work faster and smarter.”Jonathan Low, CEO, Scope
What Scope does
Scope was founded in 2024 by Jonathan Low, the chief executive, and Jakob Cassiman, the chief technology officer, BusinessCloud reported. Low previously worked at the AI lab Conjecture. Cassiman was a machine learning engineer at ML6 after studying as a Fulbright Scholar at Carnegie Mellon University, according to Pulse 2.0.
The company targets a problem it describes this way: most inspectors still use pen and paper or legacy systems, so a four-hour on-site inspection can lead to days of reporting and administrative work. Pulse 2.0 gave the figure as up to ten days.
Scope's platform captures an inspection through live audio, video and notes while showing relevant historical context. It fills in forms, organises the data and writes reports from what inspectors find in the field. The company says this cuts reporting time tenfold and lowers error rates by 95%.
Traction
Scope said it launched in July 2025 and has since grown annual recurring revenue ninefold. It reports a 100% pilot conversion rate, meaning every pilot became a paying customer, and says inspectors at six of the world's top ten inspection companies use the platform. It did not publish revenue or customer names. All of these figures come from the company.
The company also pointed to a labour shortage in a $300bn industry. Certified inspection professionals can take up to ten years to train, replacing a lost role takes ten months on average, and about 40% of key technicians are expected to retire within five to ten years, it said.
What the money is for
Scope said the funding will expand its London-based team and speed up adoption among global inspection companies. The founders also describe a longer-term plan: turning inspections into a continuously updated layer of data on physical infrastructure, so operators can predict asset problems and failure risks earlier.
Low said the TIC industry does not need AI that replaces people but needs to empower experts to work faster and smarter. He thanked Index Ventures and the earliest backers, Susa Ventures and Entrepreneurs First, who he said have doubled down in every round.
The investor view
Stephane Kurgan and Bastian Hasslinger of Index Ventures wrote that the firm keeps coming back to founders who work obsessively on a problem they have identified. They said Low and Cassiman spent months cold-calling inspection companies, visiting sites and joining inspections themselves.
Kurgan said Low spends a great deal of time in the field and feeds what he learns to the product team, and that the 100% pilot conversion rate is a testament to that work.