Abacus.AI Raises $50 Million in Series C  

by Kay Aloha Villamor in October 28th, 2021

Abacus.AI, a San Francisco, CA-based AI platform that enables organizations of all sizes to design, train, and operationalize machine and deep learning models, raised $50 million in a Series C funding round led by Tiger Global, with participation from Coatue, Index Ventures, and Alkeon.

The company, which has raised $90.3M in total funding in 30 months, intends to use the funds to further enhance its platform.

Company: Abacus.AI, Inc.

Raised: $50.0M

Round: Series C

Funding Month: October 2021

Lead Investors: Tiger Global

Additional Investors: Coatue, Index Ventures, and Alkeon

Company Website: https://abacus.ai/

Software Category: AI platform that enables organizations of all sizes to design, train, and operationalize machine and deep learning models

About the Company: Led by Bindu Reddy, Arvind Sundarajan, and Siddhartha Naidu. Abacus.AI provides an AI platform that enables organizations of all sizes to design, train, and operationalize machine and deep learning models. In addition to providing machine learning infrastructure to handle all aspects of design, development, and operationalization of models, the company has vertically integrated support for several common enterprise use-cases, including predictive analytics, personalization, anomaly, forecasting, and language. Organizations, ranging from small startups to Fortune 500 companies, use its platform to accelerate their AI adoption.

Source: https://www.finsmes.com/2021/10/abacus-ai-raises-50m-in-series-c-funding.html

 


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