About Abe AI
Abe AI is a company based in New York (United States) founded in 2016 was acquired by Yodlee in January 2019.. Abe AI has raised $550 thousand across 2 funding rounds from investors including Yodlee and Techstars. Abe AI offers products and services including Data Aggregation, Conversational AI, and Account Verification. Abe AI operates in a competitive market with competitors including Eltropy, Zafin, PureFacts, Homebot and Glia, among others.
- Headquarter New York, United States
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Sectors
TechnologyFinancial Services
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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 Yodlee, Inc.
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Products & Services of Abe AI
Abe AI offers a comprehensive portfolio of products and services, including Data Aggregation, Conversational AI, and Account Verification. 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.
Aggregates financial data for institutions to enable accurate analysis and integration.
Provides AI-driven tools for natural language banking interactions and financial guidance.
Offers secure methods to verify and connect user accounts with reduced risk.
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Software Development Team
147 people
Leadership Team
105 people
Product Management Team
88 people
Senior Team
48 people
Data Analysis and Operations Team
34 people
Lead Team
29 people
Sales and Marketing
24 people
Operations Team
17 people
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Funding Insights of Abe AI
Abe AI has successfully raised a total of $550K across 2 strategic funding rounds. 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 2
- Last Round Last Round
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First Round
First Round
(29 May 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2017 | Amount | Seed - Abe AI | Valuation | Techstars |
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| May, 2016 | Amount | Seed - Abe AI | Valuation |
investors |
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| 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 Abe AI
Abe AI has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Yodlee and Techstars. 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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Startups are accelerated globally without sector restrictions through structured programs.
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Founded Year | Domain | Location | |
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Cloud-based data aggregation and analytics for financial institutions are offered.
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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 Abe 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 - Abe AI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Abe Ai Comparisons
Competitors of Abe AI
Abe 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 Eltropy, Zafin, PureFacts, Homebot and Glia, 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 |
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| domain | founded_year | HQ Location |
Reputation management software is provided for solar industry sales.
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Software solutions for relationship banking in financial services are delivered.
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| domain | founded_year | HQ Location |
CRM solutions for wealth managers
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| domain | founded_year | HQ Location |
Lead generation is enabled via chatbots for real estate agents.
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| domain | founded_year | HQ Location |
Cloud-based omnichannel platform is provided for financial customer service.
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| domain | founded_year | HQ Location |
Provider of AI solutions for insurance underwriting, claims, and risk
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Abe Ai
Frequently Asked Questions about Abe AI
When was Abe AI founded?
Abe AI was founded in 2016.
Where is Abe AI located?
Abe AI is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Abe AI a funded company?
Abe AI is a funded company, having raised a total of $550K across 2 funding rounds to date. The company's 1st funding round was a Seed of $550K, raised on May 29, 2016.
What does Abe AI do?
Abe AI was founded in 2016 and is headquartered in New York, United States. The platform operates in the fintech sector, where an AI-enabled chatbot is employed by financial institutions to process customer transaction data. Data is cleansed, categorized, classified, and analyzed to initiate customer conversations. Account management and goal-based savings are supported through these interactions, aiding banks in customer engagement.
Who are the top competitors of Abe AI?
Abe AI's top competitors include Glia, Shift Technology and PureFacts.
What products or services does Abe AI offer?
Abe AI offers Data Aggregation, Conversational AI, and Account Verification.
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