Indicium

About Indicium

Indicium operates as a data and artificial intelligence consultancy, originally established in Florianópolis, Brazil, in 2017 and now co-headquartered in New York City. The company was founded by Matheus Dellagnelo (CEO), Isabela Blasi (CBDO), and brothers Daniel Avancini (CDO) and Vitor Avancini (CTO). The founding team was reportedly inspired by a cover of The Economist which stated that data is the new oil, leading them to build a scalable, service-based business rather than focusing on a single product. This decision was based on the insight that many companies were not effectively utilizing existing data technologies.

The firm's business model centers on providing end-to-end data services to mid-size and large enterprises, helping them to organize and utilize their data to scale AI adoption. Indicium's revenue is generated through consultancy, training, and the development of data platforms and products in data science, analytics, and AI. The company supports clients through every stage of their data journey, from initial strategy and execution to team training. It serves a diverse client base across industries such as financial services, pharmaceuticals, retail, and manufacturing, with notable clients including PepsiCo, Bayer, Burger King, Volvo, and Johnson & Johnson.

Indicium utilizes what it calls the Modern Data Stack, leveraging technologies like AWS, Databricks, Google Cloud, and Snowflake to deliver its services. In 2025, the company launched IndiMesh, a proprietary AI-enabled framework designed to standardize and accelerate the process of building and scaling data and AI solutions for enterprises. This framework includes pre-built architecture templates, AI-enabled processes for governance and quality control, and structured training models. More recently, Indicium introduced AI Data Squads, a service delivery model built on IndiMesh that combines human experts with AI agents to manage complex data migration and modernization projects.

A significant milestone in the company's history was securing a $40 million capital plan from Columbia Capital in May 2024 to fuel its expansion in the United States, which already accounted for 30% of its revenue at the time. This investment, the first in Brazil for Columbia Capital, is aimed at establishing the New York headquarters and scaling the US team. Since its inception, Indicium has delivered over 600 data and AI projects and has grown to a team of over 400 specialists.