What is Vic.ai?
Vic.ai is pioneering the use of autonomy and intelligence to digitally transform accounting and finance processes to improve productivity, decision-making, and ROI. The company began by revolutionizing invoice processing, the most tedious and time-consuming task in accounting, to help customers save time and money. By improving speed and scalability, Vic.ai enables organizations to reinvent their accounts payable operations and achieve superior financial management. As an AI-native platform, it sits at the intersection of enterprise software and fintech, providing a critical layer of automation that reduces human error and optimizes resource allocation for finance teams globally.
How much funding has Vic.ai raised?
Vic.ai has raised a total of $113.2M across 3 funding rounds:
Series A
$11.2M
Series B
$50M
Series C
$52M
Series A (2019): $11.2M with participation from Cowboy Ventures, GGV Capital, and Costanoa Ventures
Series B (2021): $50M led by ICONIQ Growth, Cowboy Ventures, GGV Capital, and Costanoa Ventures
Series C (2022): $52M supported by ICONIQ Growth, Costanoa Ventures, Cowboy Ventures, and GGV Capital
Key Investors in Vic.ai
GGV Capital
A global venture firm that invests in local founders across the globe, focusing on multi-stage, sector-focused investments in Enterprise Tech, Smart Tech, and Internet sectors.
ICONIQ Growth
An investment platform that partners with exceptional entrepreneurs and leaders, leveraging a vibrant ecosystem of founders to amplify portfolio success from early growth stage to IPO.
Cowboy Ventures
A seed fund that supports early-stage startups in Enterprise SaaS, Fintech, and AI-Native Software, providing hands-on assistance in product strategy and recruiting.
What's next for Vic.ai?
With the infusion of capital from its latest funding round, Vic.ai is well-positioned to accelerate its product roadmap and expand its footprint in the enterprise software market. The company is expected to focus on deepening its autonomous capabilities, potentially expanding beyond accounts payable into broader financial planning and analysis (FP&A) functions. As the firm matures, the strategic focus will likely shift toward global market penetration and the integration of its AI engine into larger ERP ecosystems, further cementing its role as an essential utility for modern, data-driven finance departments.
See full Vic.ai company page
