Home PC News Abacus.ai, founded by Amazon and Google alums, raises $13 million to match...

Abacus.ai, founded by Amazon and Google alums, raises $13 million to match projects with AI models

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AI startup Abacus.ai at this time introduced the shut of a $13 million collection A spherical for its cloud platform for AI companies. The firm was based final yr by a crew with expertise scaling AI tasks at AWS and Google, together with BigQuery cocreator Siddartha Naidu, former AWS supervisor of AI vertical companies Bindu Reddy, and former Uber engineer Arvind Sundararajan. The firm additionally introduced at this time that it’s altering its identify from Reality Engines to Abacus.ai.

Reddy, who serves as CEO, and Sundararajan beforehand cofounded Post Intelligence, a startup Uber acquired in 2017.

“We think machine learning and deep learning is as much about infrastructure and systems as it is about algorithms, and both Arvind and Siddartha are really good in terms of building large-scale, real-time, big data systems. And I think that’s really become very useful for us,” Reddy informed VentureBeat in a cellphone interview.

The spherical was led by Index Ventures, with participation from people like former Google CEO Eric Schmidt and Ram Shriram, a founding board member at Google. Schmidt and Shriram funded a seed spherical for the startup final yr.

Abacus.ai helps companies put fashions into production-scale AI methods. Plenty of enterprise govt surveys have discovered that past tech giants with plenty of AI expertise, like Facebook and Google, many companies battle to implement AI past a collection of minimally viable merchandise.

After evaluating a consumer’s information set, the corporate decides which neural community structure is finest for a selected use case via a neural structure search (NAS) algorithm. Abacus.ai researchers detailed their NAS method in a paper published last fall.

Abacus.ai additionally makes use of artificial information produced by generative adversarial networks (GANs) for coaching fashions. Other AI service firms serving to enterprise clients deploy AI utilizing artificial information embrace Element AI and Andrew Ng’s Landing.ai.

The funding will likely be used to enhance current Abacus.ai companies, develop the corporate’s buyer base and analysis crew, and develop into language mannequin and pc imaginative and prescient companies. The firm primarily works with columnar information at this time.

As a part of the spherical, Abacus.ai is launching its AI companies out of beta, together with the mannequin showcase service that lets clients shortly share or examine deep studying fashions. The firm says it labored with 1,200 testers for the beta section.

Abacus.ai was based in March 2019. and has raised a complete of $18 million. It’s primarily based in San Francisco and at the moment has 22 staff.

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