# Abacus.AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/abacus-ai

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.abacus.ai
- Total disclosed funding: $90M
- Latest round: Series C (Oct 27, 2021)
- Investors on record: 6

## About

Abacus.AI, Inc. delivers sophisticated artificial intelligence solutions, enabling businesses to optimize operations and enhance decision-making through a diverse array of AI tools and capabilities.Founded in 2019 in San Francisco, US, Abacus.AI, Inc. provides advanced AI solutions that integrate seamlessly into various applications. The company has not undergone any known pivots or changes in business operations. The founders include Arvind Sundararajan, Bindu Reddy, and Siddartha Naidu, with Bindu Reddy serving as CEO. Abacus.AI raised USD 50 mn in Series C funding on 27 October 2021, led by Tiger Global Management, with participation from Alkeon Capital Management, Coatue Management, and Index Ventures. This latest funding round represents the total amount raised by the company, which now has a valuation of USD 321.82 mn.Abacus.AI specializes in providing advanced artificial intelligence solutions designed to seamlessly integrate into various applications. Their core offerings include a comprehensive suite of AI tools that enable businesses to enhance their operational efficiency and decision-making processes. The solutions are tailored for diverse use cases such as predictive analytics, recommendation systems, and automated customer engagement, addressing the needs of sectors including finance, healthcare, and e-commerce. Abacus.AI serves a wide array of customers, from small startups to large enterprises, primarily targeting markets in North America, Europe, and Asia. The company’s products are designed to be user-friendly, allowing clients to deploy AI-driven functionalities without requiring extensive technical expertise.The revenue structure of Abacus.AI is primarily based on a subscription model, where clients pay for access to their AI platform and associated services. This model facilitates ongoing relationships with customers, allowing for continuous updates and enhancements to the technology. Clients may engage in partnerships that involve tiered pricing plans based on usage, which can vary according to the scale of implementation and the specific features utilized. Flagship products include advanced machine learning frameworks available at different price points, depending on the complexity and volume of data processed. This transactional framework underscores the company’s focus on long-term client engagement rather than one-time sales, ensuring a steady revenue stream from its innovative offerings.Abacus.AI, Inc. plans to utilize its recent funding of USD 50 mn from the Series C round to further develop its AI technologies and expand its workforce. Upcoming product enhancements are expected to roll out, though specific release dates have not been disclosed. The company is also targeting expansion into new markets, specifically within North America, Europe, and Asia, to broaden its customer base and operational footprint.

## Funding rounds

- Series C, Oct 27, 2021, $50M — Index Ventures, Tiger Global Management, Coatue Management, Alkeon Capital Management
- Series B, Oct 23, 2020, $22M — Index Ventures, Coatue Management, Decibel
- Series A, Dec 10, 2019, $13M — Index Ventures, Decibel
- Seed, Jun 12, 2019, $5.3M — Khosla Ventures

## Investors

- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Seed
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series A, Series B, Series C
- Decibel (https://capitalatlas.ai/funds/decibel) — Series A, Series B
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series B, Series C
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series C
- Alkeon Capital Management (https://capitalatlas.ai/funds/alkeon-capital-management) — Series C