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HomeFinTechIndico: Raises $22M in Series B Funding

Indico: Raises $22M in Series B Funding

  • 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
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