New York-based start-up Vic.ai, which says it aims to develop AI tech to help accountants perform better, has closed a $112m Series A funding round, led by GGV Capital with participation from new investor Costanoa Ventures and seed round lead investor Cowboy Ventures. The company went live last year, reporting approximately 30 accounting firms signing on as customers within the first eight months. In total, the platform has interpreted more than 150m accounting documents and transactions. Vic.ai also announced the opening of its third location, in South Florida, which is expected to open in the fourth quarter. The new location will build upon the company’s headquarters in Midtown Manhattan and its Oslo, Norway-based engineering and development team.
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Providing insight into technology and innovation in the legal, accountancy property and consultancy sectors. Alternative Insights brings together news, commentary and thought leadership about digital transformation across the entire professional services industry. We collate industry stories on innovation, technology and transformation in the legal, accountancy, management and property consultancy sectors, giving you access to the latest thinking about tech and innovation in the professions.
September 13, 2019
August 16, 2019