This startup is looking to disrupt accounting with AI and machine learning. Take a look at the 12-page pitch deck that helped Vic.ai nab $11.2 million.

<p><img src="https://static4.businessinsider.com/image/5fb6f7b050e71a00115565da-2400/untitled-54.jpg" border="0" alt="Alexander Hagerup and Kristoffer Ril, co-founders and CEOs of VIc.ai" data-mce-source="Alexander Hagerup" data-mce-caption="Alexander Hagerup and Kristoffer Ril, co-founders and CEOs of VIc.ai"></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><p>Professional services in the US is a massive, <a href="https://www.selectusa.gov/professional-services-industry-united-states#:~:text=Professional%20services%20firms%20in%20the,out%20over%201.2%20million%20firms.">$2 trillion industry</a> that is dominated by the Big 3 management consultanciesMcKinsey, Bain, and BCGand Big 4 accounting firmsDeloitte, KPMG, PwC, and EY.&nbsp;</p><p>But technology poses a threat to big firms, and innovative startups are seizing opportunities to earn a slice of the consulting industry pie. One such startup, Vic.ai, earned $11.2 million in its Series A funding round in 2019.</p><p><em><strong>Read more:</strong>&nbsp;<a href="https://www.businessinsider.com/how-technology-impacting-management-consulting-firms-disruption-future-jobs-2020-10" data-analytics-module="body_link" data-analytics-post-depth="40" data-uri="71464572a58ba536922de17a8dd3882d">Tech is coming to eat the $200 billion management-consulting industry's lunch. Here's a look at 4 factors disrupting how elite firms like BCG and McKinsey do business.</a></em></p><p>Vic.ai uses machine learning to automate accounting tasks like automatically approving bills and making electronic payments. Its AI software can also read different documents and suggest what a user should do with them and predict how to post a bill to clients' general ledgers.&nbsp;</p><p>The New York-based company, which was founded in 2016, netted cash from GGV Capital, Cowboy Ventures, and Costanoa Ventures in its series A funding round last year. Previous funding rounds in 2017 have raised the startup a total of $12.7 million, according to data from <a href="https://www.crunchbase.com/organization/vic-ai/company_financials">Crunchbase</a>.</p><p><em><strong>Read more: </strong><a href="https://www.businessinsider.com/startups-disrupting-professional-services-firms-big3-big4-wonder-vicai-2020-11">An inside look at how 2 startups are disrupting the way professional services firms like Deloitte and McKinsey do business</a></em></p><p>In Vic.ai's pitch deck, the company outlines its vision for the future of automated accounting and says it hopes to be a resource both for companies that want to do more of their own accounting tasks as well as for accounting firms looking to work more effectively.</p><p>Vic.ai's current clients include PwC, Nomad Financial, and GHG Logistics.</p><p>Here's the pitch deck that Vic.ai used to raise its Series A round of funding. The firm redacted some details before providing the deck to Business Insider.&nbsp;&nbsp;</p><p><strong>SEE ALSO:&nbsp;<a href="https://www.businessinsider.com/startups-disrupting-professional-services-firms-big3-big4-wonder-vicai-2020-11" >An inside look at how 2 startups are disrupting the way professional services firms like Deloitte and McKinsey do business</a></strong></p><p><strong>SEE ALSO:&nbsp;<a href="https://www.businessinsider.com/how-technology-impacting-management-consulting-firms-disruption-future-jobs-2020-10" >Tech is coming to eat the $200 billion management-consulting industry's lunch. Here's a look at 4 factors disrupting how elite firms like BCG and McKinsey do business.</a></strong></p><img src="https://static2.businessinsider.com/image/5fca9ceb037cbd0018613fe1-400-300/.jpg" alt="" /><br/><br/><img src="https://static6.businessinsider.com/image/5fca9cedb6a3a800199b6c33-400-300/.jpg" alt="" /><br/><br/><img src="https://static5.businessinsider.com/image/5fca9cee037cbd0018613fe2-400-300/.jpg" alt="" /><br/><br/><img src="https://static6.businessinsider.com/image/5fca9cef037cbd0018613fe4-400-300/.jpg" alt="" /><br/><br/><img src="https://static4.businessinsider.com/image/5fca9cee037cbd0018613fe3-400-300/.jpg" alt="" /><br/><br/><img src="https://static5.businessinsider.com/image/5fca9cf1b6a3a800199b6c36-400-300/.jpg" alt="" /><br/><br/><img src="https://static5.businessinsider.com/image/5fca9cefb6a3a800199b6c34-400-300/.jpg" alt="" /><br/><br/><img src="https://static1.businessinsider.com/image/5fca9cf3037cbd0018613fe7-400-300/.jpg" alt="" /><br/><br/><img src="https://static2.businessinsider.com/image/5fca9cf1037cbd0018613fe5-400-300/.jpg" alt="" /><br/><br/><img src="https://static1.businessinsider.com/image/5fca9cf1b6a3a800199b6c35-400-300/.jpg" alt="" /><br/><br/><img src="https://static6.businessinsider.com/image/5fca9cf3037cbd0018613fe8-400-300/.jpg" alt="" /><br/><br/><img src="https://static3.businessinsider.com/image/5fca9cf2037cbd0018613fe6-400-300/.jpg" alt="" /><br/><br/>
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