Indico Raises .2M to Build Machine Learning Tools for the Financial Sector

When Boston-based machine learning startup Indico announced in August it was partnering with Manulife — known in the U.S. as John Hancock — it turns out that was only the beginning of its ambitions in the financial sector. Slater Victorff Indico, an alum of Techstar Boston’s 2014 class, recently closed a $1.2 million round of financing led by Boston-based venture capital firm .406 Ventures, founder and CEO Slater Victoroff told me. The funding round, which was originally disclosed in a Nov. 15 filing, also included local firms Hyperplane Ventures and Boston Seed Capital. Since its founding in 2013, Indico has been about helping companies sort through large sets of unstructured data and glean emerging trends from them using machine learning algorithms. The startup has been providing its service in the form of…


Link to Full Article: Indico Raises .2M to Build Machine Learning Tools for the Financial Sector

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