Abacus.Ai Snags $50M Series C As It Expands Into Computer Vision Use Cases
10/27/21, 4:00 PM
Location
san francisco
Money raised
$50
Round Type
series c
Abacus.ai wants to build an AI platform that simplifies machine learning model creation, while still leaving room for power users. Today the company announced a $50 million Series C. At the same time, it announced that the platform was expanding to include computer vision use cases.
Company Info
Location
san francisco, california, united states
Additional Info
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