Indico, a Boston, MA-based provider of enterprise machine learning solutions for unstructured content, secured $4m in seed funding.
The round, which follows a $1.5m round of convertible debt financing announced in October, was led by Osage Venture Partners with participation from existing investors .406 Ventures, Boston Seed and Hyperplane. In conjunction with the funding, Osage partner David Drahms will join the indico board.
The company will use the funds to extend its product capabilities and build out its go-to-market team, resources and programs.
Led by CEO Tom Wilde, indico provides machine learning solutions enabling enterprises to use small sets of data to create customized machine learning models to solve unstructured content challenges including documents, text, and images.
Customers use the application to automate business processes with AI and to automatically discover insights from within large content collections.