By VC News Daily

BOSTON, MA, Indico Data today announced the successful closure of a $19 million funding round with a strategic investment from Guidewire.

Indico Data, the industry’s leading solution for the automating of critical intake workflows across the policy lifecycle, today announced the successful closure of a $19M funding round with a strategic investment from Guidewire, a premier platform for Property and Casualty (P&C) insurers. This strategic financial infusion and partnership with Guidewire will accelerate Indico Data’s mission to deliver cutting-edge AI technology to enable enterprises to make better decisions with better data driving improved operational efficiency and top-line revenue growth.

Indico’s latest funding round, led by .406 ventures and joined by Guidewire and existing investors, Sandbox Industries, Osage Venture Partners, and Jump Capital, signifies a strong vote of confidence in Indico Data’s momentum and its pivotal role in the data-to-decision revolution.

Indico Data automates critical workflows for enterprises in document-intensive industries, including insurance, financial services and healthcare. Leveraging Indico’s first to market hybrid Discriminative and Generative AI technology, Indico’s Intelligent Intake™ Solution, enables organizations to free their experts from tedious, manual tasks, allowing them to drive better decisions with better data.

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Source: VC News Daily