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Abacus.Ai Raises A $50M Series C And Releases Computer Vision As A Service

Oct 27, 2021over 3 years ago

Amount Raised

$50 Million

Round Type

series c

San Francisco

Description

Abacus.AI is announcing $50M in Series C funding from Tiger Global, Coatue, Index Ventures, and Alkeon. As part of this release, the company is announcing support for Computer Vision use-cases. The round was led by Tiger Global with participation from Coatue, Index Ventures, and Alkeon.

Company Information

Company

Abacus.Ai

Location

San Francisco, California, United States

About

Headquartered in San Francisco, Abacus.AI offers the world's first cloud AI platform that handles all aspects of machine and deep learning at an enterprise scale. Their customizable, end-to-end autonomous AI service trains machine and deep learning models for common enterprise AI use cases. These range from churn prediction, time-series forecasting, and deep-learning-based personalization to custom, highly-specific models with a state-of-the-art toolset that allows ML practitioners and data science teams to wrangle data. Their intuitive UX and holistic platform saves customers from orchestrating across multiple services, constantly reinventing the wheel, and dealing with hard scale problems. As a result, Abacus.AI has been adopted by world-class organizations, including several Fortune 500 companies. The company is funded by Mike Volpi from Index Ventures, Eric Schmidt (ex-CEO and Chairman of Google), Ram Shriram (board member of Google), Coatue, Tiger Global, Khosla Ventures, and others. Their founding team of AI scientists and ML engineers have degrees (many of them Ph. Ds) from premier universities such as Stanford, MIT, CMU, UC Berkeley, Dartmouth, and IIT. These team members have shipped high-profile products at Google, Amazon Web Services, and Uber. LinkedIn Profiles of the Founders Bindu Reddy Arvind Sundarajan Siddhartha Naidu

FundzWatch™ Score

66
Medium Activity

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