Brazilian data and AI consultancy startup Indicium has raised $40 million in funding to expand its operations in the U.S.
Indicium helps enterprises become 'data-driven' using modern data stacks and provides services covering data strategy, engineering, science, AI, and machine learning solutions.
The company has delivered over 600 consulting projects, implemented its framework in 120 projects, and deployed more than 200 AI and machine learning models in production.
The funding, led by Columbia Capital Corp., will be used to scale the team and operations across the U.S. as Indicium sets up its new headquarters in New York City.