- Indico, a Boston, MA-based provider of enterprise AI solutions for intelligent process automation, raised $22m in series B funding
- The round, which brought total capital raised to date to $36m, co-led by Jump Capital and Sandbox Ventures
- Indico added two new board members, Chris Zock from Sandbox Ventures and Saurabh Sharma from Jump Capital to provide industry knowledge and guidance
- The company also intends to use the funds to continue to expand operations and its business reach
- As part of its continued investments in the product and technology, the company plans to double headcount in 2021
- Indico provides Intelligent Process Automation (IPA) solutions enabling organizations to automate document-based workflows
