Aviva Ventures backs Indico Data

Indico Data announced a strategic investment from Aviva Ventures, the corporate venture capital fund for Aviva.

Prior to this investment, Indico disclosed ~$50 million in funding.

Founded in 2013, the Boston-based company offers a variety of AI solutions that can help with data extraction and decisioning.

“This partnership underscores the increasing demand for intelligent automation that transforms how insurers handle the critical ‘front door’ of their business — from submission ingestion to claims intake to policy servicing and beyond. Aviva’s investment and Arslan’s participation on our board validate Indico’s vision for the agentic insurance enterprise and our mission to help carriers turn unstructured data into competitive advantage.” – Tom Wilde, CEO of Indico Data.

“Indico’s technology is reshaping how insurers operate by bringing AI deeper into core workflows. We’ve seen firsthand the impact Indico is having in streamlining operations and unlocking new efficiencies, particularly in complex markets like London and beyond. We’re excited to support its continued growth.” – Arslan Hannani, Chief Innovation Officer at Aviva.