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Vic.ai Snares $50 Million in Funding

Vic.ai, which markets an AI-based payments platform, has received $50 million in Series B. Funding.  The latested round for the company, launched in 2015, brings the total funding raised to $63 million.

In a prepared statement, Vic.ai said the money would be used “to spur adoption of its pioneering AI platform for real-time, autonomous accounting and financial intelligence”. That includes expanding its enterprise offerings and introducing for capabilities in the Unted States and Europe.

Accounting firms pay $1,490 per month for the Accounting Platform Package, which includes AI models for all clients, unlimited users, autonomous approval flows, the Vic.ai Autopilot and Vic.ai Inbox for each client. Other features included unlimited data storage and analytics dashboard with processing and usage insights. White label capabilities are available, and the products support the iOS and Android platform

Client transaction prices are extra and based on usage across all clients.

 

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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