RingCentral Events

InScope Secures $14.5M to Revolutionize Financial Reporting

InScope, an AI-powered financial reporting startup founded in 2023 by Mary Antony and Kelsey Gootnick, raised $14.5 million in a Series A round led by Norwest with participation from Storm Ventures, Better Tomorrow Ventures and Lightspeed Venture Partners. The company automates many manual tasks involved in preparing financial statements—such as math verification and formatting—and claims it can save accountants up to 20% of their time. InScope has grown its customer base fivefold in the past 12 months and counts accounting firms including CohnReznick among its customers. Founders developed the product from experience with manual reporting workflows encountered at companies like Flexport, Miro, Hopin and Thrive Global. Norwest partner Sean Jacobsohn cited client feedback about time savings as a reason for investing.

RingCentral and Five9 Surge as AI Fears Fade

RingCentral and Five9 shares jumped after quarterly results and guidance assuaged investor concerns about AI displacing SaaS business models. RingCentral rose about 34% after topping estimates and reporting that annual recurring revenue from customers using its AI tools doubled year-over-year to nearly 10%; it has integrated ChatGPT models into its voice AI product. Five9 rallied roughly 12% after beating estimates and issuing upbeat guidance; the company said enterprise AI bookings more than doubled year-over-year, its AI portfolio reached $100 million in annual recurring revenue and backlog improved. Five9’s chairman Michael Burkland said the company uses large language models to enhance customer-service solutions but argued LLMs cannot fully replace customer service organizations. The moves come amid a wider software-sector selloff driven by investor worries about rapid AI tooling from firms like Anthropic and OpenAI.

RingCentral Unleashes AI Voice Revolution with OpenAI Partnership

RingCentral announced an integration with OpenAI to power enterprise-grade voice AI, combining RingCentral’s low-latency voice platform with OpenAI frontier models such as GPT-5.2. The collaboration extends RingCentral’s AI Receptionist (AIR) and the new RingCentral AI Virtual Assistant (AVA) to deliver real-time, context-aware voice automation across customer interactions and employee workflows. AVA is currently available to a limited set of customers and RingCentral says AIR reached more than 5,000 customers within two quarters (as of end-September 2025). RingCentral also plans to use ChatGPT Enterprise across its AI roadmap. The company states customer conversations remain governed by its data policies and will not be used to train public models. Executives from RingCentral and OpenAI are quoted emphasizing business outcomes, speed, and secure deployment at scale.