About

Founded

2017

Headquarters

New York, New York

Industry

Accounting, Artificial Intelligence (AI)

Company Description

Vic.ai is 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.

Quick Links

Website Jobs

Funding

Total Raised

$115 million

Valuation

Undisclosed

Significant Investors

GGV Capital, ICONIQ Growth, Cowboy Ventures, Costanoa Ventures

Company Traction

As of December 2022, Vic.ai reported 60 enterprise customers, including Nordic Choice Hotels, Higher Ground Education, HSB Real Estate, Anglin Reichmann Armstrong, and Countsy.

In 2022, Vic.ai reported 280% growth compared to 2021.

Vic.ai’s contracted ARR grew 3x from $5 million in 2021 to $15 million in 2022.

Leadership Team

Alexander Hagerup: Co-Founder & CEO of Vic.ai. Former Founder & CEO of The Online Backup Company AS.

Kristoffer Roil: Co-Founder & COO of Vic.ai. Former Investor at 24SevenOffice.

Brett Norton: SVP of Engineering at Vic.ai. Former CTO at Provenir.

Craig DeMartini: SVP of Sales at Vic.ai. Former VP of Business Acceleration and Key Accounts at Tipalti.

Mark Fisher: SVP of Marketing at Vic.ai. Former Head of Marketing at Addepar.

Press

TechCrunch (December 13, 2022): Vic.ai raises $52M, shows that automating accounting processes can be profitable

Vic.ai