AI platform for accountants raises $112m in Series A funding
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.