# Indico Data Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/indico-data-solutions

- Industry: Software
- Headquarters: Boston, US
- Website: www.indicodata.ai
- Total disclosed funding: $46M
- Latest round: Series B (Jun 6, 2024)
- Investors on record: 9

## About

Founded in 2013 by co-founders Alec Radford, Diana Yuan, Madison May, and Slater Victoroff and based in Massachusetts, US, Indico Data Solutions, Inc. is a provider of an intelligent document processing platform designed to automate the intake of documents for various industries, including insurance, finance, and healthcare. The platform automates back-office tasks to improve document-based workflows, analyzing insights from unstructured content, including text and images. In October 2025, Indico Data Solutions Inc. raised an undisclosed amount of venture funding from new investor Aviva Ventures.
 
Indico’s primary product, the Indico Intelligent Intake solution, is designed to automate document processing tasks that traditionally require manual intervention. The solution leverages multimodal large language models (LLMs) to handle diverse document types, enabling enterprises to automate workflows such as underwriting, claims processing, and policy servicing in the insurance sector; KYC and mortgage processing in financial services; and prior authorization and EHR processing in healthcare. The platform ensures data security with private tenant deployment and encryption. Indico Integrate helps connect model workflows built in the Indico Platform with the customer’s designated systems and platforms.
 
The company will use the October 2025 funding to support its expansion plans initiatives.

## Funding rounds

- Series B, Jun 6, 2024, $19M — .406 Ventures, Sandbox Industries, Guidewire Software, Inc., Jump Capital, Osage Venture Partners
- Series B, Dec 14, 2020, $22M — .406 Ventures, Boston Seed Capital, Jump Capital, Hyperplane Venture Capital, Nationwide Ventures, Osage Venture Partners, Sandbox Insurtech Ventures
- Seed, Jan 18, 2018, $4M — .406 Ventures, Boston Seed Capital, Hyperplane Venture Capital, Osage Venture Partners
- Seed, Nov 21, 2016, $1.2M — .406 Ventures, Boston Seed Capital, Hyperplane Venture Capital

## Investors

- .406 Ventures (https://capitalatlas.ai/funds/406-ventures) — Seed, Series B
- Boston Seed Capital (https://capitalatlas.ai/funds/boston-seed-capital) — Seed, Series B
- Hyperplane Venture Capital (https://capitalatlas.ai/funds/hyperplane-venture-capital) — Seed, Series B
- Osage Venture Partners (https://capitalatlas.ai/funds/osage-venture-partners) — Seed, Series B
- Jump Capital (https://capitalatlas.ai/funds/jump-capital) — Series B
- Nationwide Ventures (https://capitalatlas.ai/funds/nationwide-ventures) — Series B
- Sandbox Insurtech Ventures — Series B
- Sandbox Industries (https://capitalatlas.ai/funds/sandbox-industries) — Series B
- Guidewire Software, Inc. — Series B