Ai Startup Abacus Ai Snags 50 Million Series C To Advance Hybrid Deep Learning Models
The company now has received $90.3 million in financing. Tiger Global is joined by returning investors Coatue Management and Index Ventures, as well as Alkeon. “A large chunk of it will goes to R&D and engineering and science,” explained Bindu Reddy, co-founder and CEO of the company, in an interview with ZDNet via Zoom. “We continue to want to be the best of breed in AI and ML platforms.” The other main use of the capital will be for go-to-market, including building out the sales team....