Vic.ai raises $52M, shows that automating accounting processes can be profitable

AI is an imperfect technology, but one task at which it excels is identifying patterns in vast amounts of data. That’s perhaps why a number of startups have sprung up in recent years offering AI-powered products aimed at automating accounting tasks, like redacting sensitive info in paperwork and filing forms across different departments. Simply put, it’s low-hanging fruit.
That’s not suggest accounting-focused AI isn’t profitable — on the contrary. As something of a case in point, Vic.ai, which bills itself as an accounting automation platform, today announced tha

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