RealityEngines.AI becomes Abacus.AI and raises $13M Series A – TechCrunch

RealityEngines.AI, the machine learning startup co-founded by former AWS and Google exec Bindu Reddy, today announced that it is rebranding as Abacus.AI and launching its autonomous AI service into general availability. In addition, the company also today disclosed that it has raised a $13 million Series A round led by Index Ventures' Mike Volpi, who will also join the company's board. Seed investors Eric Schmidt, Jerry Yang and Ram Shriram also participated in this oversubscribed round, with Shriram also joining the company's board. New investors include Mariam Naficy, Erica Shultz, Neha Narkhede, Xuezhao Lan and Jeannette Furstenberg, as well as Decibel Partners. This new round brings the company's total funding to $18.25 million.