Software Startup Indico Closes $1.5 Million

Indico announced it has secured $1.5 million in financing led by .406 Ventures.

Indico plans to build steel mills for the next industrial revolution. The company makes productivity tools for data scientists at small- and medium-sized businesses by automating parts of their workflow. Just as Adobe brought the creative suite to desktop publishing and made every designer a web developer, Indico seeks to bring tools and workflow to machine learning, making every programmer a potential data scientist.

In its announcement, the company said the new funding will be used to extend Indico’s technology platform and add to its product offerings.