- VIC.AI AIPOWERED 50M SERIES ICONIQ GROWTH UPGRADE
- VIC.AI AIPOWERED 50M SERIES ICONIQ GROWTH SOFTWARE
“Accounting work is tedious and repetitive, but it no longer needs to be. “It’s 2021, and it’s high time for finance and accounting teams to embrace AI technology,” said Alexander Hagerup, CEO of Vic.ai.
VIC.AI AIPOWERED 50M SERIES ICONIQ GROWTH UPGRADE
Read More: Kraken Donates $250,000 to Advance Ethereum’s Blockchain Upgrade Efforts The Vic.ai team demonstrates the same passion, product focus and customer-first mentality that we see in other exceptional founders.”
VIC.AI AIPOWERED 50M SERIES ICONIQ GROWTH SOFTWARE
“We’ve been fortunate to partner with many of the best B2B cloud software companies and financial software pioneers like Adyen,, Blackline, Coupa, HighRadius and Ramp. “As growth investors, we’re focused on marrying bold innovation and deep experience, which is why we’re so excited to help Vic.ai bring AI into the heart of enterprise accounting and finance,” said Will Griffith, founding partner at ICONIQ Growth, who joins Vic.ai’s board. That leads to significant reductions in time spent, fewer errors, no duplicates, effective approvals and seamless integrations with other systems and process flows. Unlike legacy systems that are based on predefined rules or templates, Vic.ai’s platform intelligently learns from historical data and existing processes to deliver what it calls an “Autopilot” for invoice processing and other functions. Vic.ai adds sophisticated artificial intelligence, computer vision and autonomous approval flows to a company’s back-office financial operations.
Read More: Currency Agnostic Blockchain Debuts for Global Trade and HireQuest, as well as top accounting firms like KPMG, PwC, BDO, and Armanino LLP. Enterprise customers include HSB (Sweden’s largest real-estate management company), Intercom Inc. The company’s AI platform has now processed more than 535 million invoices with 95 percent accuracy, helping 2,000+ corporate finance and accounting clients achieve nearly $70 million in cost savings and six million hours in time savings. Vic.ai was launched in 2017 to build fully autonomous AI systems that make finance and accounting teams more efficient, accurate, and intelligent. Vic.ai plans to use the new funding to expand its enterprise offering and release additional AI capabilities for U.S. The Series B funding was led by ICONIQ Growth with participation from existing investors GGV Capital, Cowboy Ventures and Costanoa Ventures, bringing total capital raised to $63 million. Vic.ai announced $50 million in Series B funding to spur adoption of its pioneering AI platform for real-time, autonomous accounting and financial intelligence. System Delivers Autonomous Accounting and Prescriptive Intelligence to Improve Back-Office Productivity and Optimize Financial Decision-Making
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