USA – Abacus.AI, formerly RealityEngines.AI, a San Francisco, CA-based AI research and AI cloud services company, raised $13m in Series A funding.
The round, which brought total funding to $18.25M, was led by Index Ventures, with participation from Eric Schmidt, Ram Shriram, Decibel Ventures, Jerry Yang, Mariam Naficy, Erica Shultz, Neha Narkhede, Xuezhao Lan, and Jeannette Furstenberg. In conjunction with the funding, Mike Volpi and Ram Shriram will be joining the company’s Board of Directors. The company intends to use the funds to scale the service, gain early customers, and grow its research team. Founded by Bindu Reddy, Arvind Sundararajan, and Siddartha Naidu, Abacus.AI allows organizations to plug and play deep learning systems into their existing customer experiences and business processes. The company is announcing the general availability of its fully autonomous AI service. As part of the launch, the company is open-sourcing 3 novel techniques to de-bias algorithms and is introducing a new model showcase service. The new service will allow developers and data scientists to share and compare deep learning models and metrics, allowing businesses/enterprises to build real-time deep learning systems. 15/07/2020
