The startup makes use of the latest developments in artificial intelligence and computer vision to automate financial operations for thousands of organizations, providing a scalable solution with its machine learning capabilities. Alexander Hagerup, CEO of Vic.ai, discussed the platform’s mission by stating: Vic.ai’s platform has now processed over 535 million invoices with a reported accuracy of more than 95%, saving more than $70 million in the process. This funding round was led by existing investors GGV Capital and ICONIQ Growth with continued participation from Cowboy Ventures and Costanoa Ventures. “It’s 2021, and it’s high time for finance and accounting teams to embrace AI technology. Our AI platform delivers both autonomy and intelligence for finance and accounting teams.Īccounting work is tedious and repetitive, but it no longer needs to be.
#VIC.AI AIPOWERED 50M SERIES ICONIQ GROWTH SOFTWARE#
We can help companies scale back on low-value activities like invoice processing, and we can drive higher-value functions like spend intelligence, benchmarking, and cost optimization.” Explore the future of accounting with Vic.ai- our autonomous enterprise accounting software that streamlines processes, reduces costs, and improves accuracy. The Series B funding was led by ICONIQ Growth with participation from existing investors GGV Capital, Cowboy Ventures, and Costanoa Ventures. With the AI accounting startup already having more than 2000 corporate clients, it is aiming to become a leader in the use of AI and machine learning to supply the increasing demand for automation different industries have experienced over the past decade.
0 kommentar(er)
