Vic.ai
Headquarters
New York, NYFounded
2017CEO / Founder
Christian LanngEmployees
51-200Funding
Series B — $50MProducts
1 product listedAvg. AI Score
7.8/10Website
vic.ai/
Profile updated
About Vic.ai
Vic.ai is an accounts payable automation software company founded in 2017 and headquartered in New York, NY. The company was co-founded by Christian Lanng, who also co-founded Tradeshift, and focuses on applying machine learning to automate invoice processing and AP workflows for mid-market and enterprise finance teams.
The company's core product automates invoice ingestion, GL coding, approval routing, and payment processing. Vic.ai integrates with ERP systems including NetSuite, Sage Intacct, and Microsoft Dynamics. The platform is positioned toward finance and accounting departments seeking to reduce manual data entry and accelerate invoice cycle times. The company claims high rates of touchless invoice processing among its customer base.
Vic.ai raised a Series B round, bringing its total disclosed funding to approximately $50 million. Investors have included Alliance Venture and other backers. The company employs roughly 51–200 people across its New York headquarters and additional offices in Norway, reflecting its Scandinavian founding roots.
Specialties
Financials
Dated, source-cited figures. Estimates are marked.
Products by Vic.ai
All products by Vic.ai reviewed by our AI panel of experts.
How Our Review Panel Scores Vic.ai
Six independent reviewer personalities assessed Vic.ai's product on their own terms. They disagreed by 1.0 points — The Skeptic was the hardest to convince, The Domain Strategist the most positive.
Averaged across 1 reviewed product in our catalog. Scores are out of 10.
Competitive Landscape
Who Vic.ai competes with, and how they differ.
Tipalti is an AP-automation and global mass-payments platform for mid-market to enterprise finance teams; it competes with Vic.ai on invoice processing but differentiates on international vendor payments and tax-compliance workflows rather than AI-native document understanding.
1 product reviewed on TopReviewed
HighRadius sells AI-driven order-to-cash and procure-to-pay automation to large enterprises, overlapping with Vic.ai's AP-intelligence layer but selling a much broader O2C/treasury suite rather than a focused invoice-autonomy product.
1 product reviewed on TopReviewed
Airbase pairs corporate-card spend management with AP automation for mid-market companies, competing for the same finance-ops budget as Vic.ai but leading with card-based spend control rather than invoice-level AI autonomy.
1 product reviewed on TopReviewed
BILL (Bill.com) automates combined payables and receivables workflows mainly for small and mid-sized businesses, competing at the lower end of Vic.ai's enterprise-leaning market rather than matching its AI-first autonomous coding and approval engine.
1 product reviewed on TopReviewed
Ramp built its business on corporate cards and expense management and has added bill pay as an adjacent feature, competing with Vic.ai for finance-team budget rather than for feature parity as an AI-native invoice-processing platform.
1 product reviewed on TopReviewedCompany Timeline
Key milestones in Vic.ai's history, with sources.
- Partnership
Partners with Increase to power VicPay payments
Vic.ai partnered with banking-infrastructure provider Increase and Core Bank to power the account and payment capabilities behind VicPay, its embedded bill-pay product, syncing payment status back into the Vic.ai platform for reconciliation.
vic.ai - Milestone
Named to CB Insights' Fintech 100 list
Vic.ai was named to CB Insights' 2023 Fintech 100, an annual ranking of the 100 most promising private fintech companies selected from a pool of more than 19,000 candidates.
globenewswire.com - Funding
Series C — $52M led by GGV Capital and ICONIQ Growth
Vic.ai raised $52 million in Series C funding co-led by existing investors GGV Capital and ICONIQ Growth, with continued participation from Cowboy Ventures and Costanoa Ventures, bringing total capital raised to $115 million.
techcrunch.com - Funding
Series B — $50M led by ICONIQ Growth
Vic.ai raised $50 million in Series B funding led by ICONIQ Growth, with GGV Capital, Cowboy Ventures and Costanoa Ventures participating, bringing total capital raised to $63 million.
techcrunch.com - Funding
Series A — $11.2M led by GGV Capital
Vic.ai closed an $11.2 million Series A round led by GGV Capital, with new investor Costanoa Ventures and seed backer Cowboy Ventures participating; GGV managing partner Jeff Richards joined the board.
accountingtoday.com - Founded
Alexander Hagerup and Kristoffer Røil found Vic.ai
Norwegian entrepreneurs Alexander Hagerup (CEO) and Kristoffer Røil (COO) founded Vic.ai in 2017 to build an AI-native platform for autonomous accounting; Rune Løyning joined as co-founder/CTO.
techcrunch.com
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