About Abstract
Abstract is a company based in Los Angeles (United States) founded in 2019 by Matthew Chang. It operates as a AI-as-a-Service, and Subscription Services. Abstract has raised $11.56 million across 3 funding rounds from investors including Plug and Play Tech Center, WndrCo and Amplify. Abstract offers products and services including AI Policy Solutions and Regulatory Updates. Abstract operates in a competitive market with competitors including Govini, SocialCops, Zenysis Technologies, Polyteia and Beijing Code Niu Technology, among others.
- Headquarter Los Angeles, United States
- Founders Matthew Chang
-
Sectors
Government & Social Sector
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Washington Abstract Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$11.56 M (USD)
in 3 rounds
-
Latest Funding Round
$4.8 M (USD), Series A
Dec 19, 2024
-
Investors
Plug and Play Tech Center
& 17 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Abstract
Abstract offers a comprehensive portfolio of products and services, including AI Policy Solutions and Regulatory Updates. 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 tools are provided for regulatory policy analysis.
Daily updates on regulations are delivered to clients.
Unlock access to complete
Unlock access to complete
Funding Insights of Abstract
Abstract has successfully raised a total of $11.56M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $4.8 million completed in December 2024. 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 3
- Last Round Series A — $4.8M
-
First Round
First Round
(28 Jul 2022)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Series A - Abstract | Valuation | Bonfire Ventures | |
| Feb, 2024 | Amount | Series A - Abstract | Valuation |
investors |
|
| Jul, 2022 | Amount | Seed - Abstract | Valuation | VitalizeVC , Motivate Venture Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Abstract
Abstract has secured backing from 18 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Plug and Play Tech Center, WndrCo and Amplify. 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 |
|---|---|---|---|---|
|
Investments are directed toward early-stage companies by Bonfire Ventures.
|
Founded Year | Domain | Location | |
|
Investments in fintech startups are managed by Communitas Capital.
|
Founded Year | Domain | Location | |
|
VITALIZE Venture Capital is focused on seed stage WorkTech investments.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Abstract
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Abstract
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Abstract Comparisons
Competitors of Abstract
Abstract 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 Govini, SocialCops, Zenysis Technologies, Polyteia and Beijing Code Niu Technology, 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 |
BI for government contractors
|
|
| domain | founded_year | HQ Location |
End to end platform to collect and visualize public data
|
|
| domain | founded_year | HQ Location |
Open-source data analytics platform for health systems is developed.
|
|
| domain | founded_year | HQ Location |
Online suite solutions for government operations and administration
|
|
| domain | founded_year | HQ Location |
Provider of integrated artificial intelligence solutions
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Abstract
When was Abstract founded?
Abstract was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Abstract located?
Abstract is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is Abstract a funded company?
Abstract is a funded company, having raised a total of $11.56M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Jul 28, 2022.
What does Abstract do?
AI-driven tools are developed by Abstract to assist with regulatory policy analysis at local, state, and federal levels. Services are provided to law firms, corporate teams, and enterprises, including optimized discovery, tailored intelligence, and collaborative analysis environments. Coverage spans various sectors with a focus on cutting through regulatory noise to deliver relevant insights.
Who are the top competitors of Abstract?
Abstract's top competitors include Govini, SocialCops and Clear Impact.
What products or services does Abstract offer?
Abstract offers AI Policy Solutions and Regulatory Updates.
Who are Abstract's investors?
Abstract has 18 investors. Key investors include Plug and Play Tech Center, WndrCo, Amplify, Bonfire Ventures, and Communitas Capital.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.