Vic.ai is the AI (artificial intelligence) platform for accounting firms and enterprise finance departments.
Vic.ai is automates accounting and provides financial advice and support through the use of (AI) Artificial Intelligence, ML (Machine Learning) and Cloud Automation.
Vic.ai was founded in Norway in 2016 by Alexander Hagerup, Kristoffer Røil and Rune Løyning. The company is headquartered in New York, with offices in Miami, Florida and Norway.
Vic.ai helps accountants, CFOs, controllers, and accounts payable (AP) teams become more efficient and reduce errors on routine tasks such as invoice processing, approval workflows, and electronic payment processing.
Vic.ai adds sophisticated artificial intelligence, computer vision and autonomous approval flows to a company’s back-office financial operations. 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'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 is backed by ICONIQ Growth, GGV Capital, Cowboy Ventures, Connectivity Ventures Fund, Costanoa Ventures, among others. The company raised $50M in Series B round on Sep 01, 2021. This brings Vic.ai's total funding to $62.7M to date.