Abacus.AI attracts first-class investors

Abacus.AI attracts first-class investors

20. Juli 2020 0 Von Horst Buchwald

Abacus.AI attracts first-class investors

New York, 20.7.2020

Abacus.AI, formerly RealityEngines.AI, has made its autonomous Cloud AI service generally available. The machine learning start-up, co-founded by former AWS and Google manager Bindu Reddy, recently released a $13 million fundraising round for its cloud AI platform.

Abacus.AI provides model training and AI services for companies to integrate deep learning into their customer and business offerings. Forbes reports that San Francisco-based Abacus offers three novel techniques for debiasing data sets on trained algorithms. The start-up has also launched a new section of its website where users can share AI models with the community.

Reddy co-founded Abacus last year with BigQuery co-founder Siddartha Naidu and former Uber engineer Arvind Sundarajan.

The $13 million Series A round was led by Mike Volpi of Index Ventures with the participation of seed investors Eric Schmidt, Jerry Yang and Ram Shriram. Volpi and Shriram will join the Abacus.AI board of directors.