Tech Company Financing Transactions
Abacus.AI Funding Round
Abacus.AI secured a $22 million Series B funding round on 11/19/2020. Investors included Coatue Management, Decibel and Index Ventures.
Transaction Overview
Company Name
Announced On
11/19/2020
Transaction Type
Venture Equity
Amount
$22,000,000
Round
Series B
Investors
Proceeds Purpose
Abacus.AI plans to use the new funding to increase its R&D team, but it will also increase its go-to-market team from two to ten in the coming months.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
1099 Folsom St.
San Francisco, CA 94103
USA
San Francisco, CA 94103
USA
Phone
Undisclosed
Website
Email Address
Overview
Abacus.AI is an AI research company that is focused on hard problems that enterprises have. Today, most North American organizations haven't managed to deploy AI in production yet. We are working on a number of research areas to address these issues.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Bindu Reddy
Chief Technical Officer
Arvind Sundararajan
VP - R & D
Siddartha Naidu
VP - Sales
Ryan Feaver
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Our team works diligently to report on every notable VC transaction. VC transactions reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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