Investorideas.com - #AI News: Machine Learning Startup indico Announces $4M Financing

Newswire) indico, a provider of enterprise machine learning solutions for unstructured content, today announced $4 million in new equity seed funding led by Osage Venture Partners. Ventures, Boston Seed, and Hyperplane also participated. The funding follows a $1.5 million round of convertible debt financing announced in October, and the addition of veteran CEO Tom Wilde in September. Artificial intelligence and machine learning offer big opportunities for businesses, but many organizations struggle to find practical business applications for the technology due to limited access to required skillsets, insufficient data and infrastructure, and poorly designed pre-trained offerings. Philadelphia-based Osage Venture Partners focuses on early stage, business-to-business technology companies including analytics and artificial intelligence-based startups such as Automated Insights, BAInsight, SevOne, and Sidecar.