Indico Data

Indico Data

Private
Boston, MassachusettsAI, Data & Cloud Infrastructurehttps://indicodata.ai

Last Round

VC Round

Jun 6, 2024

Total Funding Raised

$30.2M

Company Overview

Indico Data is a technology company that provides an AI-powered platform to automate workflows and transform unstructured data into actionable insights for enterprises. Founded in 2014, the company specializes in Intelligent Document Processing (IDP) for document-intensive industries, with a primary focus on insurance, as well as financial services and healthcare. Its "Intelligent Intake" and "Agentic Decisioning" platforms leverage a hybrid of discriminative and generative AI to process complex documents, emails, and images, thereby helping businesses like insurers automate underwriting and claims processing to improve efficiency and make faster, more accurate decisions.

Sector

AI, Data & Cloud Infrastructure

Verticals

InsurTech, Workflow Automation, ML Platforms, PropTech Services

Business Model

B2B

Customer Profile

Subscription SaaS, Usage-Based SaaS, Services & Consulting

AI Layer

Application

Keywords

intelligent document processingIDPunstructured data processingworkflow automationclaims processinginsurance underwritingdecision automationagentic AIdata extractionAI agentsenterprise AIcomposite AIgenerative AItransfer learningRPA integration

Historical Pricing

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Indico Data Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Indico Data Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
VC RoundJun 6, 2024
Series BDec 14, 2020
SeedJan 18, 2018
SeedNov 21, 2016
SeedNov 17, 2014

Key People

Founding team and executive leadership

Michael Hayes

Advisor To CEO

Executive Team

Tom Wilde

CEO

Executive Team

Indico Data Investors

Notable investors and investment history

InvestorRounds
Osage Venture PartnersSeries B, VC Round, Seed
General CatalystSeed
Nationwide VenturesSeries B
Boston Seed CapitalSeed, Series B
406 VenturesSeed, Series B, VC Round
Hyperplane Venture CapitalSeries B, Seed
Sandbox VenturesSeries B

Market signals

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  • Nov 2, 2025

    Added Everest Group, Ltd, a consulting firm, as a customer.

  • Nov 2, 2025

    Added Aspen Group, an insurance company, as a customer.

Indico Data Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Indico Data Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersBoston, Massachusetts
Employee Range88
Year Founded2014
Last FundingJun 6, 2024

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