Data and AI Consultancy Indicium Scales with $40 Million Investment from Columbia Capital
May 02 2024 - 8:00AM
Indicium announces that Columbia Capital has committed to a $40
million capital plan to accelerate Indicium’s growth in the United
States. Indicium, a data and AI powerhouse originally founded in
Brazil, offers a range of solutions to help large enterprises
organize and use their data to scale AI. The investment will be
used to further expand the Company’s US operations (which currently
represents 30% of its revenue) and create a US HQ in New York,
building its local team. This is in addition to continuing to
consolidate the Company’s position as the premier data and AI
consulting organization in the LATAM region.
Indicium’s mission is to help enterprises become “data-driven”
using a Modern Data Stack (such as AWS, Databricks, Google Cloud,
Snowflake and dbt, among others). Since its inception in 2017,
Indicium has grown rapidly, delivering measurable transformations
and unlocking millions of dollars of value for global enterprise
customers, including Pepsico, Burger King, Bayer and Volvo.
Gaining access to trustworthy data is essential for
organizations to leverage the transformational power of AI.
Indicium has the capability to support organizations at every stage
of the journey, from strategy to execution and training, so they
can become truly data-driven and AI-enabled organizations.
Indicium has a team of more than 250+ data experts and has
doubled in size year on year. The Company has completed over 600
data and AI projects and been recognized as a Great Place to Work
(GPTW) in 2022, 2023 and 2024. Indicium’s commitment to excellence
and innovation defines its leadership in data-driven and AI
transformation.
The founding team of Matheus Dellagnelo (CEO), Isabela Blasi
(CBDO), Daniel Avancini (CDO), and Vitor Avancini (CTO) will
continue to lead the business in this next phase of growth. Chris
Resch has recently joined as CRO, working out of the new US
headquarters in New York City. Resch is an executive with nearly
three decades in both professional services scale-ups and Amazon.
Matt Farmer also joins the Board as an investor. Farmer was
co-founder at successful global cloud consultancy Contino and more
recently a co-founder at the award-winning data and AI consultancy,
Mesh-AI.
"We see enterprises that have a wealth of incredible data, but
they often struggle to transform it into real business value -
that’s where Indicium can help,” said Matheus Dellagnelo, CEO of
Indicium. “With this investment, we will be able to scale our team
and operations across the US - meeting our customers where they
are! We will be able to hire the best talent and continue to
provide end-to-end solutions, including strategy, execution and
upskilling. Access to trustworthy data is the foundation for
leveraging the transformational power of AI, and we are committed
to enabling that for our clients. With Columbia Capital's
significant experience successfully scaling enterprise professional
services businesses, we couldn’t ask for a better partner."
“Enterprises are straining to unlock the value of their data and
scale AI. We believe Indicium’s proposition is both timely and
powerful,” said Jason Booma of Columbia Capital. “We believe that
the Company has what it takes to succeed in a competitive space,
and we look forward to seeing the company scale rapidly. Indicium
has a great leadership team and culture, technology expertise and
vision to capture the market, and we are excited to support them to
do so.”
About Indicium
Founded in 2017, Indicium is a data consultancy committed to
fostering a data-driven culture within organizations. It
specializes in identifying the optimal strategies and teams for
data projects, crafting customized methodologies, and overseeing
projects from inception to completion. Indicium’s services
encompass consultancy, training, and the development of data
platforms and products in Data Science, Analytics, and Artificial
Intelligence. Based in New York, US, and São Paulo, Brazil,
Indicium has completed over 600 data projects, achieving 150% ROI
on projects. Recognized as a Great Place to Work (GPTW) in 2022,
2023, and 2024, Indicium’s commitment to excellence and innovation
defines its leadership in data-driven transformation. More info at
www.indicium.tech.
Contact:Kevin Wolfkevin@tgprllc.com