Abacus.AI

Abacus.AI, formerly known as RealityEngines.AI, is a foundational AI research company that solves the hard problems that enterprises face in the AI/ML space, and packages that research into easy-to-use cloud services.

Abacus.AI’s mission is to help businesses implement modern deep learning systems into their customer experience and business processes without having to do the heavy lifting of learning how to train models themselves.

Abacus.AI was founded in 2019 by Bindu Reddy, Arvind Sundararajan, and Siddartha Naidu. The company is headquartered in San Francisco, California.

 

Abacus provides a service for organizations to develop AI models via modules that can stream, monitor, debias, merge, store, and transform data. Abacus embraces elements of “AutoML,” or the process of automating the application of machine learning to real-world problems.

 

Abacus conducts research and offers cloud AI services to help companies embed machine learning models into their processes. Customers pick a use case and point to their data, after which Abacus’ engine creates an AI system that can be used to make and share predictions.

 

Abacus has 10,000 users on the platform, who have created over 30,000 models to date. The company's current customers include 1-800-Flowers, Flex, DailyLook and Prodege.

 

Abacus is backed by Tiger Global, Coatue, Index Ventures, Alkeon Capital, Khosla Ventures, Decibel Ventures, and others. The company raised $50M in Series C round on Oct 27, 2021. This brings Abacus' total funding to $90.3M to date.

 

 

  • Year founded: 2019
  • Funding Info: $90.3M over 5 Rounds (Latest Funding Type: Series C)
  • Yearly Revenue: NA
  • Employee Size: 11-50
  • Business Valuation: NA
  • City/Town: San Francisco
  • State: California
  • Country: United States
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