About Abacus.AI
Abacus.AI is a company based in San Francisco (United States) founded in 2019 by Siddartha Naidu, Bindu Reddy, and Arvind Sundararajan.. Abacus.AI has raised $90.25 million across 4 funding rounds from investors including Khosla Ventures, Alkeon Capital Management and Tiger Global. Abacus.AI offers products and services including ChatLLM, AI Engineer, CodeLLM, and AppLLM. Abacus.AI operates in a competitive market with competitors including Veritone, Anyscale, Comet, DataRobot and MindsDB, among others.
- Headquarter San Francisco, United States
- Founders Siddartha Naidu, Bindu Reddy, Arvind Sundararajan
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Abacus Systems Aps
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$90.25 M (USD)
in 4 rounds
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Latest Funding Round
$50 M (USD), Series C
Oct 27, 2021
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Investors
Khosla Ventures
& 19 more
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Employee Count
Employee Count
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Products & Services of Abacus.AI
Abacus.AI offers a comprehensive portfolio of products and services, including ChatLLM, AI Engineer, CodeLLM, and AppLLM. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI tool for chat, code, and task automation using LLMs.
Platform for building and deploying AI systems and agents.
AI for code autocompletion and bug fixes in software.
Tool for enterprise AI applications and data integration.
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Funding Insights of Abacus.AI
Abacus.AI has successfully raised a total of $90.25M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $50 million completed in October 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $50.0M
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First Round
First Round
(12 Jun 2019)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Series C - Abacus.AI | Valuation | Tiger Global Management | |
| Nov, 2020 | Amount | Series B - Abacus.AI | Valuation | Coatue | |
| Jul, 2020 | Amount | Series A - Abacus.AI | Valuation | Mike Volpi |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Abacus.AI
Abacus.AI has secured backing from 20 investors, including venture fund and angel investors. Prominent investors backing the company include Khosla Ventures, Alkeon Capital Management and Tiger Global. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Provider of an investment platform for various stages
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Founded Year | Domain | Location | |
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Venture capital investments in technology startups and entrepreneurs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Abacus.AI
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Abacus.AI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Abacus.Ai Comparisons
Competitors of Abacus.AI
Abacus.AI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Veritone, Anyscale, Comet, DataRobot and MindsDB, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-driven analytics for audio and video content are provided.
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| domain | founded_year | HQ Location |
Provider of an AI-based open source framework for building distributed applications
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| domain | founded_year | HQ Location |
AI and SaaS-based ML solutions
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| domain | founded_year | HQ Location |
Provider of an AI and cloud based data science platform
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| domain | founded_year | HQ Location |
Predictive analytics platform for enterprise data
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Abacus.Ai
Frequently Asked Questions about Abacus.AI
When was Abacus.AI founded?
Abacus.AI was founded in 2019.
Where is Abacus.AI located?
Abacus.AI is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Abacus.AI?
Bindu Reddy is the current CEO of Abacus.AI. They have also founded this company.
Is Abacus.AI a funded company?
Abacus.AI is a funded company, having raised a total of $90.25M across 4 funding rounds to date. The company's 1st funding round was a Series A of $13M, raised on Jun 12, 2019.
What does Abacus.AI do?
Abacus.AI was founded in 2019 in San Francisco, United States, and operates in the artificial intelligence sector focused on data science. Custom data models are developed using AI to support marketing and sales functions. Customer churn prediction is provided for marketing teams, while predictive lead scoring and sales forecasting are offered to sales teams. The platform enables users to build tailored models for these applications.
Who are the top competitors of Abacus.AI?
What products or services does Abacus.AI offer?
Abacus.AI offers ChatLLM, AI Engineer, CodeLLM, and AppLLM.
Who are Abacus.AI's investors?
Abacus.AI has 20 investors. Key investors include Khosla Ventures, Alkeon Capital Management, Tiger Global, Coatue, and Index Ventures.
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