Foley Represents Data and AI Consultancy Startup Indicium in $40M Funding Round

Foley & Lardner LLP represented Indicium in its $40 million investment from Columbia Capital to accelerate growth in the United States. Originally founded in Brazil, Indicium offers a range of solutions to help large enterprises organize and use their data to scale AI. 

Indicium 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 AI. 

The funding will facilitate Indicium’s U.S. expansion, including the creation of a new U.S. headquarters in New York, and the ability to offer enterprise customers end-to-end transformation of data and scaled AI adoption.

The Foley team was led by partner André Thiollier and included partner Rishi Sodhi, senior counsel Sonia Kothari, and associates Talita Duarte and Trevor Mullin.