Boston-based machine learning startup picks up $1.2 million in funding

A Boston-based machine learning startup called Indico, which launched back in 2013, announced it has raised $1.2 million in funding  to develop its software and enter deeper into the insurance and financial sectors. According to the founder Slater Victoroff the startup’s main value proposition is that it frees analysts from having to go through “hundreds of pages of filings with the US Securities and Exchange Commission”. This isn’t the startup’s first break. Over the summer, it secured a partnership with John Hancock to develop an AI software that will guide John Hancock’s analysts, portfolio managers and researchers in their decision making process. Get a feel for what the software can do, below.

Bottom Line: “Seeing a nice color combo” – the 99%.