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Abacus.AI announced it has raised $22 million in Series B funding. These are the details.
Abacus.AI announced it has raised $22 million in Series B funding. Including this round of funding, the company has raised over $40 million since being founded less than two years ago.
This round of funding was led by Coatue with participation by Decibel Ventures and Index Partners. Along with the funding round, the company also revealed Abacus.AI Deconstructed — which is a suite of 3 stand-alone tools that can be used by organizations to bring artificial intelligence models to production.
Coatue general partner Yanda Erlich is also joining Abacus.AI’s board of directors in connection with the funding round. Mike Volpi from Index Ventures and Jon Sakoda from Decibel oversaw the funding round on behalf of their VC firms.
Abacus.AI is known for offering a state-of-art autonomous deep learning service that automates all aspects of machine learning from model creation to deployment and maintenance. And as part of this release, the company is announcing Abacus.AI Deconstructed. Deconstructed is what separates parts of Abacus.AI’s underlying platform and offers them as stand-alone modules.
Abacus.AI was founded by CEO Bindu Reddy, Arvind Sundararajan, and …
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