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Indico: Raises $22M in Series B Funding | Fintech InShorts: Latest fintech news, analysis by experts

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Indico: Raises $22M in Series B Funding

By Steve Sam

December 21, 2020

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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