Vic.ai

Vic.ai is the AI startup pioneering the use of autonomy and intelligence to digitally transform accounting and finance processes to improve productivity, decision-making, and ROI.

Vic.ai addresses the most manual and inefficient task in accounting – invoice processing – to improve its speed and scalability, and ultimately enable customers to reinvent their accounts payable operations and improve financial management.

Vic.ai was founded in Norway in 2016 by Alexander Hagerup and Kristoffer Røi. The company is jointly headquartered in New York City and Oslo, Norway.

 

Vic.ai began by revolutionizing invoice processing, the most tedious and time-consuming task in accounting, to help customers save time and money, improving its speed and scalability and ultimately enabling customers to reinvent their accounts payable operations and improve financial management.

 

Vic.ai's suite of products, include Autopilot, Autonomous Approval Flows and Spend Intelligence, which provide the foundation for truly autonomous accounting. Vic.ai works with finance professionals to give them the tools they need to make everyday operations simpler and more intelligent.

 

Vic.ai's platform has processed more than half a billion invoices, and helped 10,000+ customers achieve nearly $200 million in cost savings and 6M hours in time savings. Current customers include HSB Real Estate, PwC, Higher Ground, Nordic Choice Hotel, Intercom, HireQuest, BDO, and Armanino LLP.

 

Vic.ai is backed by ICONIQ Growth, GGV Capital, Cowboy Ventures, Costanoa Ventures, Connectivity Ventures Fund, and others. The company raised $52M in a Series C round on Dec 13, 2022. This brings Vic.ai's total funding to $114.7M to date.

 

 

  • Year founded: 2016
  • Funding Info: $114.7M over 5 Rounds (Latest Funding Type: Series C)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: New York
  • State: New York
  • Country: United States
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