Datasnipper
Unicorn Β· $1BFounded 2017 Β· 285 employees on LinkedIn Β· 3 known investors
DataSnipper offers an Intelligent Automation Platform that works inside Excel to extract, cross-reference, and verify data from documents for audit and finance workflows. It serves auditors and finance teams performing tasks such as document matching, control testing, and financial statement procedures.
Also known as DataSnipper
Founders & leadership
Datasnipper was founded in 2017 by Kai Bakker and Maarten Alblas.
Investors Β· 3
Valuation Β· disclosed
Disclosed eventsSource: SEC prospectus filings, and round valuations the company or its investors disclosed β follow each entry's link for the claim.
Company profile
researched Aug 2026DataSnipper develops an intelligent automation platform for audit and finance professionals that operates inside Microsoft Excel. Users "snip" values from source documents such as invoices, bank statements and inventory listings; those snips are linked to spreadsheet cells and automatically reconciled against transactions, producing traceable audit documentation. Core capabilities are organized around collecting, extracting, matching and analyzing evidence, and include Document Matching, Form/Invoice/Contract/Receipt Extraction, Table and Validation Snips, Find All Sums, Version Comparison, OCR-based text recognition, and document management with retention policies.
The platform has expanded beyond the Excel add-in into AI-driven and cloud modules. These include AI Agents and an Agent Builder for building custom, prompt-driven procedures; prebuilt agents for workflows such as revenue testing, batch payment testing, royalty calculations, ITGC access-control testing, AP approval matrix testing, and trial balance/financial statement reconciliation; DocuMine for question-based review of contracts and other agreements; AI Extractions; UpLink for client document request and collection; a Financial Statement Suite for mathematical accuracy, internal and prior-period consistency and disclosure checklist review; a WebSnip browser extension for pulling data from ERP systems; and DataSnipper for Excel Online. Integrations include SharePoint, OneDrive, SAP Concur and QuickBooks, and the company states SOC 2 compliance, encryption, no model training on customer data, and deletion of prompts and documents after 24 hours.
Application areas marketed by the company span external audit, internal audit and SOX controls testing, tax, financial control, government audit and advisory work.
Founding story
Co-founded by Maarten Alblas, Jonas Ruyter and Kai Bakker; the product began as automation embedded directly in Excel for auditors, letting them snip data from source files and reconcile it against transactions instead of manually ticking and tying documentation.
Business model
Software platform sold to accounting firms, corporate finance and audit departments and government agencies, deployed as an Excel add-in plus cloud and add-on modules (UpLink, Financial Statement Suite, DocuMine), with dashboards for administrators to track adoption, control access and measure ROI.
Software revenue from firm and enterprise deployments; the company reported doubling revenue several years in a row and said it was profitable, having funded growth from its own sales prior to its 2022 outside investment.
Traction
Reported more than 400,000 auditors across 125 countries at the time of the February 2024 Series B, rising to a stated 600,000+ active users across 175 countries; used by all four Big Four firms and, per the company, all top 100 accounting firms. Company-cited outcomes include up to 94% efficiency gains in Document Matching, roughly 50% time savings in control testing and operational audits, and 3,000 hours saved over ten months on financial statement procedures.
Latest developments
The company has shifted its positioning to an "agentic platform" for audit and finance, launching a library of prebuilt, customizable agents and an Agent Builder for end-to-end workflows such as royalty calculations, revenue testing and tests of detail. Other recent items include the acquisition of UpLink and launch of DocuMine, DocuMine's inclusion in TIME's Best Inventions 2025, recognition on the Forbes Fintech 50 2026 and CNBC Top Fintech Company 2026 lists, a Texas Department of Information Resources contract via Carahsoft, and a reported tie-up with Microsoft discussed by the CEO on Bloomberg.
βΈFull profile β market position, technology, go-to-market, geography, history, risks & controversies
Market position
Positioned as a leading intelligent automation platform for audit and finance; reached a $1 billion valuation in February 2024, states use by all Big Four firms and all top 100 accounting firms, and has been recognized on the Forbes Fintech 50 2026 list (Wall Street & Enterprise), as a CNBC Top Fintech Company 2026, and via TIME's Best Inventions 2025 for DocuMine.
Works inside the Excel workflows auditors already use rather than requiring adoption of a separate system, and links every extracted data point back to the underlying source document to create traceable audit trails; investors describe resulting rapid adoption and high user loyalty.
Technology
An Excel-native add-in combined with AI: OCR text recognition, structured and unstructured document extraction, automated matching and reconciliation with traceable links back to source documents, natural-language querying of documents, and AI agents that execute multi-step testing workflows with a human review-and-approve step. Security controls cited include SOC 2 compliance, encryption, no training on customer data and 24-hour deletion of prompts and documents.
Go-to-market
Sold via demos and direct enterprise sales, supported by customer case studies from accounting firms and corporates, software-review-site ratings, and public-sector channels β including a Texas Department of Information Resources contract awarded through reseller Carahsoft. Adoption is described as spreading bottom-up among practitioners already working in Excel rather than requiring migration to a new platform.
External and internal auditors, tax advisors, forensic accountants, financial controllers, advisory practices and government auditors; customers cited include the Big Four (Deloitte, KPMG, EY, PwC), Baker Tilly, Forvis Mazars Nigeria, Moore Infinity, JK Medora & Co, Perry & Associates, BDO US, plus Hilton, Siemens, Frontier Airlines, Air Products & Chemicals and the Government of Queensland.
Geography
Headquartered across New York and Amsterdam per its funding announcement datelines; states service to customers in 175 countries, with expansion noted across Asia-Pacific and Latin America.
History
Founded in 2017 (described as six years old in February 2024) with co-founders Maarten Alblas, Jonas Ruyter and Kai Bakker. The company initially grew from its own sales, took investment from Insight Partners in September 2022, and raised a $100 million Series B led by Index Ventures at a $1 billion valuation in February 2024, with Index partner Hannah Seal joining the board. Vidya Peters serves as CEO. The company later acquired UpLink and launched DocuMine, and has moved toward an agent-based platform with prebuilt and custom AI agents.
Risks & controversies
The company's addressable demand is tied to structural pressures in the audit profession β heavy regulation and scrutiny after accounting scandals, high auditor attrition and a shrinking pipeline of newly qualified accountants β and it handles sensitive client documents, making security and data-retention controls (SOC 2, encryption, 24-hour deletion, no training on customer data) material to adoption.
Compiled by commissioned research from 8 cited public sources β announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
Founder mafia
4 people who came through Datasnipper went on to found or lead other companies.
Timeline Β· 10
launches, deals, and filingsLibrary of prebuilt, customizable AI agents for workflows such as revenue testing, batch payment testing, royalty calculations, ITGC access controls testing and financial statement reconciliation, plus an Agent Builder for custom agents.
Press release titled 'DataSnipper Supercharges AI-driven Audit Automation with Acquisition of UpLink and Launch of New Product, DocuMine'.
The company commits 1% of annual revenue to environmental non-profit organizations.
The round made the company a unicorn; Index Ventures partner Hannah Seal led the round and joined the board. Proceeds earmarked for expansion into internal audit, tax, forensic accounting and other reconciliation verticals, and into Asia-Pacific and Latin America.
$100M source β
The Cloud Collaboration Suite supports real-time coordination across distributed teams; the AI Suite lets users query unstructured documents in natural language and surface insights.
Prior to this investment the company had funded its growth from its own sales.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
βΈResearch sources Β· 8
primary sources listed
- Datasnipperdatasnipper.com Β· web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Datasnipper do?
- DataSnipper is an AI and agent-based automation platform, embedded in Excel, that extracts and verifies document data for audit and finance teams.
- Who founded Datasnipper?
- Datasnipper was founded by Kai Bakker, Maarten Alblas in 2017.
- Who are Datasnipper's investors?
- Datasnipper's investors include Index Ventures, Insight Partners, MONASHEES.