The problem
Finance teams key in, code, match and approve invoices by hand, slowing the close and inviting errors
What they do
AI that processes invoices, approvals and payments for accounts payable teams
Traction Contracted ARR tripled to ~$15M in 2022 (last stated); 60 enterprise customers then; no newer figures
Hiring trend
- Open roles
- 4
- Ops roles
- 2
- Headcount
- ~93
Shrinking: ~106 staff Dec 2022 → ~93-94 Aug-Sep 2026; LinkedIn-based data -9.6% YoY (Dealroom -3.9%)
Hiring in
- Madrid
- Miami
- Raleigh
- Remote
Glassdoor
4.1 ★ 40 reviews ↗Funding
- Last round
- $52M
- Stage
- Series C
- Date
- Dec 2022
Led by GGV Capital (now Notable Capital), ICONIQ Growth
- Hiring+14 open roles on the live job board (3–9 roles = +1)
- Funding recency0Series C · $52M, Dec 2022 (46 months ago): over 24 months = 0
- Traction+0.75Some growth: Contracted ARR tripled to ~$15M in 2022 (last stated); 60 enterprise customers then; no newer figures
- Red flags−11 significant flag in the last 24 months, −1 eachShrinking headcount (~106 in Dec 2022 to ~93 by Sep 2026; -4% to -10% YoY by source) with no new funding since the Dec 2022 Series C (~46 months), and role eliminations in May 2026 as priorities shifted.LinkedIn company data: 94 employees, -9.6% YoY ↗ · Dealroom: team declined 3.9% over the past year ↗ · Tracxn: 94 employees (Aug 2026), last round Series C Dec 2022 ↗ · FinTech Global: 106 employees at Series C (Dec 2022) ↗ · LinkedIn post: Vic.ai Director of Content role eliminated, priorities shifted (May 2026) ↗
- Total0.751 + 0 + 0.75 − 1 = 0.75 → Cool-down
Cool-down rule: score under 1.5 and the last round is over 24 months old, with shrinking headcount or layoffs.
Distance (10K) is a separate read on how long the lead can last. It doesn't change the score.
Distance
10K · edge: hard to leave
Early AI-first AP brand with ERP-embedded workflows that are sticky, but a follower in a crowded category behind Bill.com, Tipalti, AvidXchange and Coupa, with spend platforms like Ramp moving into AP; shrinking team and no raise since 2022 add exposure.
Sources: TechCrunch: Vic.ai raises $52M Series C, ~$15M contracted ARR (Dec 2022) ↗ · Vic.ai: partners with Increase to power VicPay (Aug 2026) ↗
Watch-outs
Shrinking headcount (~106 in Dec 2022 to ~93 by Sep 2026; -4% to -10% YoY by source) with no new funding since the Dec 2022 Series C (~46 months), and role eliminations in May 2026 as priorities shifted.
Sources: LinkedIn company data: 94 employees, -9.6% YoY ↗ · Dealroom: team declined 3.9% over the past year ↗ · Tracxn: 94 employees (Aug 2026), last round Series C Dec 2022 ↗ · FinTech Global: 106 employees at Series C (Dec 2022) ↗ · LinkedIn post: Vic.ai Director of Content role eliminated, priorities shifted (May 2026) ↗
Last checked Oct 25, 2026