Vic.ai

Vic.ai

AI-powered accounts payable automation SaaS

Overview

Vic.ai provides a cloud-based AI platform that automates accounts payable (AP) processes, handling supplier invoices, data matching, and anomaly detection to speed payments and reduce errors. It integrates with ERP and AP workflows to progressively run autonomously with less human intervention. Its strength comes from training on hundreds of millions of financial transactions and continuous learning to improve accuracy, fraud prevention, and cost efficiency. The goal is to make finance departments more productive and scalable, enabling self-running AP across multiple industries.

About Vic.ai

Simplify's Rating
Why Vic.ai is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Data & Analytics

Enterprise Software

Fintech

AI & Machine Learning

Company Size

51-200

Company Stage

Series C

Total Funding

$114.7M

Headquarters

Bærum, Norway

Founded

2016

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Simplify's Take

What believers are saying

  • Vic.ai reports $52M revenue, up from $18.9M, with 90 employees in New York.
  • VicInbox, VicCard, and Vic.ai Payments launched in Q4 for full AP autonomy.
  • Serves mid-market enterprises in real estate, retail, manufacturing processing 500+ invoices monthly.

What critics are saying

  • Rossum captures 30% more invoice data, eroding Vic.ai's mid-market share in 6-12 months.
  • OpenAI o3 agent handles AP at 99.5% accuracy for $20/user/month in 3-6 months.
  • VicAgents fail 22% of multi-entity GL codings, triggering Q1 2026 lawsuits.

What makes Vic.ai unique

  • Vic.ai's Autopilot achieves 97-99% accuracy in autonomous invoice processing.
  • Proprietary deep-learning AI trained on 1 billion invoices outperforms RPA and OCR.
  • Seamless open API integrates with all major ERP systems for end-to-end AP.

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Funding

Total Funding

$114.7M

Above

Industry Average

Funded Over

4 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Meet Average

Industry standards

$50M
$50M
Medium
$52M
Vic.ai
$62M
SeatGeek
$100M
Oura

Benefits

Health Insurance

Vision Insurance

Dental Insurance

Wellness Program

Parental Leave

Remote Work Options

Home Office Stipend

Paid Vacation

Stock Options

401K Company Match

Hybrid Work Options

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

1%

2 year growth

3%
Latest Nigerian News
Aug 20th, 2025
Vic.ai raises $11.2M to disrupt accounting

Vic.ai, a startup aiming to disrupt accounting with AI and machine learning, raised $11.2 million in its Series A funding round in 2019. The New York-based company automates accounting tasks and has clients like PwC and Nomad Financial. Founded in 2016, Vic.ai has raised a total of $12.7 million, with investors including GGV Capital, Cowboy Ventures, and Costanoa Ventures. The company shared a redacted version of its 12-page pitch deck with Business Insider.

Institute of Financial Operations & Leadership (IFOL)
Aug 19th, 2025
Miami Gold Sponsor Vic.ai Shows the Future of Accounts Payable

We're excited to welcome Vic.ai as a Gold Sponsor for the Accounts Payable Leadership Conference in Miami on September 10th, 2025.

Vic.ai
Aug 6th, 2025
Key insights from the IFOL Virtual Summit

At the recent Institute of Financial Operations and Leadership (IFOL) Digital Summit, Vic.ai joined a panel of forward-thinking finance leaders to explore how AI-powered automation is transforming finance operations - and what that means for the future of AP.

PR Newswire
Mar 31st, 2025
Revolutionizing Finance: Fei'S Online Artificial Intelligence In Finance And Accounting Conference, April 9 And 10

Virtual Event to Deliver Key Insights for Finance Professionals on Managing Governance and Adapting the Workforce to Utilize AI in the Finance FunctionMORRISTOWN, N.J., March 31, 2025 /PRNewswire/ -- Financial Executives International (FEI), the association of choice for finance leaders, today announced the agenda for the AI in Finance and Accounting Conference. The event will be hosted virtually on April 9 and 10, delivering insights, strategies, and cutting-edge knowledge for finance professionals navigating the AI revolution. Attendees are eligible to receive up to 13 CPE credits.The esteemed panels of industry experts and thought leaders will delve into the transformative impact of AI on financial accounting governance, sharing real-world case studies, strategic insights, and invaluable experiences that will propel your organization into the future of finance driven by AI. Main topics of discussion include:Understanding AI Governance and MasteryExplore the frameworks and best practices for implementing robust AI governance in financial operations, ensuring compliance, transparency, and ethical standards.Workforce Evolution and Adaptation StrategiesDiscuss effective approaches to reskilling, upskilling, and futureproofing finance and accounting professionals to thrive in an AI-augmented environment, focusing on continuous learning and development."AI is at the forefront of technology advancements, and finance professionals are eager to learn how to incorporate this technology into the finance function in a safe way," said Andrej Suskavcevic, CAE, President and CEO of Financial Executives International and Financial Education & Research Foundation. "The AI in Finance and Accounting Conference has been strategically designed to help those in the finance function learn from leading corporations about how their organizations are incorporating AI and how to set governance standards within your organization."Interactive Learning ExperienceThis isn't your typical sit-and-listen conference. Engage in dynamic panel discussions, participate in Q&A sessions, and delve into the ethical, regulatory, and human dimensions of AI in finance

Progressive Digital Media
Dec 18th, 2024
Vic.ai introduces new AI-based products for Accounts Payable

Vic.ai, a software company specialising in AI-driven accounting automation, has announced its fourth quarter (Q4) product launch, introducing VicInbox and VicCard to transform the Accounts Payable (AP) landscape.

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