Vic.ai Revenue and Competitors

Location

$62.7M

Total Funding

AI

Industry

Estimated Revenue & Valuation

  • Vic.ai's estimated annual revenue is currently $14.3M per year.(i)
  • Vic.ai's estimated revenue per employee is $140,000
  • Vic.ai's total funding is $62.7M.

Employee Data

  • Vic.ai has 102 Employees.(i)
  • Vic.ai grew their employee count by -3% last year.

Vic.ai's People

NameTitleEmail/Phone
1
Co-Founder & COOReveal Email/Phone
2
Co-Founder & CEOReveal Email/Phone
3
SVP EngineeringReveal Email/Phone
4
SVP MarketingReveal Email/Phone
5
VP MarketingReveal Email/Phone
6
Head DesignReveal Email/Phone
7
Director UI EngineeringReveal Email/Phone
8
Director Engineering, IT & SecurityReveal Email/Phone
9
Director Customer SuccessReveal Email/Phone
10
Director Finance & StrategyReveal Email/Phone
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$2.8M2912%N/AN/A
#2
$2.5M2644%N/AN/A
#3
$15.7M112-24%$55MN/A
#4
$0.5M7N/AN/AN/A
#5
$6.7M55-17%$18.3MN/A
#6
$10.9M78-5%$20MN/A
#7
$5.1M48-16%$24.3MN/A
#8
$4.5M40N/AN/AN/A
#9
$0.9M11N/AN/AN/A
#10
$0.6M186%$15MN/A
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What Is Vic.ai?

Vic.ai is the AI (artificial intelligence) platform for accounting firms and enterprise finance departments. This machine learning and cloud automation technology has already been trained on over 100 million live accounting documents and transactions. Already surpassing human-level accuracy for many tasks, Vic.ai helps accountants, CFOs, controllers, and accounts payable (AP) teams become more efficient and reduce errors on routine tasks such as invoice processing, approval workflows, and electronic payment processing. CPA firms can leverage their human workforce for cognitive tasks, while AI takes care of repetitive tasks, driving dramatic cost savings and profit margin improvements. This helps public accounting firms create balanced employee workloads during tax season, be more flexible, and protect against new business model threats. CFOs and controllers from high-growth enterprise finance teams use Vic.ai to keep headcount under control, increase security, and reduce costly errors due to poor internal controls. By automatically entering invoices into accounting systems for human review, this changes the AP personᅢᄁ¬ツᆲ¬トᄁs workflow from data input to reviewing the AI. Many accounting-, audit-, banking-, payroll-, and tax-related tasks are becoming fully-automated with AI and machine learning. The accounting industry is being challenged in ways in which it has never seen during the past 500 years. Due to its disruptive nature, Vic.ai is venture backed by some of the best investors in Silicon Valley (including Cowboy Ventures) and already helps industry leaders like PWC, KPMG, BDO, as well as many mid-sized firms. Early adopters of AI will have a significant market advantage going forward. Is your firm prepared? And are you truly ready for competitive battles with more tech-savvy firms? Or is your team in danger of falling behind? Find out when you schedule your complimentary consultation with a Vic.ai automation expert at the URL on this profile.

keywords:N/A

$62.7M

Total Funding

102

Number of Employees

$14.3M

Revenue (est)

-3%

Employee Growth %

N/A

Valuation

N/A

Accelerator

Vic.ai News

2022-04-17 - Artificial Intelligence (AI) in Accounting Market Size to Grow by ...

July, 2021: Bot keeper announced to partner with Vic.ai to evolve accounting automation. This new module will provide accountants and firms...

2022-04-06 - You’ve Digitized Your Accounting Processes But Are You More Efficient?

Alexander Hagerup, Co-Founder and CEO of Vic.ai, is a serial tech entrepreneur with a strong passion for artificial intelligence.

2022-04-06 - 10 startups riding the wave of AI innovation

Vic.ai also provides customers with business intelligence. By deriving valuable information from financial transactions in real time, leaders...

2021-09-02 - Vic.ai Raises $50M in Series B Funding

Vic.ai, a New York City- and Oslo, Norway-based AI platform for autonomous accounting and financial intelligence, raised $50M in Series B funding. The round, which brought total capital raised to date to $63m, was led by by ICONIQ Growth with participation from existing investors GGV Capital, C ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$14.3M102-7%$100M
#2
$13.3M102-14%$874.5M
#3
$15M102-26%N/A
#4
$14.8M102-1%N/A
#5
$23.9M1027%N/A