Glassbox Secures $1.2M to Revolutionize AI Financial Modeling

Glassbox, a Toronto-based fintech startup, has raised $1.2 million in pre-seed funding to revolutionize how finance teams work with spreadsheets in the age of AI, announced in a press release. The funding round was led by FinTech Collective and StandUp Ventures, with participation from Watertower Ventures.

The company plans to use the funds to expand its team and bring its AI-compatible financial analysis platform to market. Glassbox aims to modernize corporate finance workflows, which have long relied on error-prone manual processes and complex Excel files. Their solution, FinScript, allows users to input plain-text instructions that align with large language models, enhancing efficiency and auditability while maintaining compatibility with Excel.

Glassbox has been operating in stealth mode for 18 months, running private beta programs with industry leaders. The company is now opening its waitlist to a broader audience, with plans for wider distribution later this year. Co-founders Allison Harris and Ian Kennedy bring deep expertise to the challenge, aiming to make financial analysis faster, smarter, and more transparent.