Vic.ai

ai was founded in 2016 in New York, US, focusing on automating accounts payable processes for businesses.ai specializes in artificial intelligence-driven accounts payable (AP) automation software designed to enhance financial efficiency and accuracy for businesses. Their flagship product offers autonomous invoice processing that minimizes errors and accelerates financial workflows, enabling companies to reduce manual workloads and expedite month-end closing processes.ai's platform is purpose-built for finance leaders, targeting CFOs, controllers, and AP managers to provide real-time insights into corporate expenses and streamline operations. The software integrates various functionalities, including expense management through VicCard™, analytics for performance insights, and unified controls over non-payroll corporate expenses.ai employs a subscription-based revenue model, generating income through partnerships with businesses that leverage their AP automation solutions. Clients typically engage in contractual agreements that provide access to the platform's features, including invoice processing and expense management tools. This model allows businesses to choose plans that best fit their operational needs, with specific offerings tailored to enhance efficiency and reduce costs associated with traditional AP methods.

1. Series C

   Nov 3, 2022

   Amount

   $38M

   Investors

   Locked

2. Series B

   Sep 1, 2021

   Amount

   $50M

   Investors

   Locked

3. Series A

   Sep 5, 2019

   Amount

   $11M

   Investors

   Locked

4. Seed

   Aug 1, 2017

   Amount

   $1.5M

   Investors

   Locked