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.

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. This new round brings the company's total funding to $18.25 million. At its core, RealityEngines.AI's Abacus.AI's mission is to help businesses implement modern deep learning systems into their customer experience and business processes without having to do the heavy lifting of learning how to train models themselves.

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Bindu Reddy wants to give more people access to artificial intelligence. The former Amazon Web Services and Google engineer, wants small and medium sized companies to be able to use AI in the same way that large companies do, and make sure big tech companies aren't dominating the sector. Reddy previously started the AI verticals division at AWS, creating AI for particular domains or use-cases. Earlier in her career she was the Head of Product for Google social apps, where she helped build Google, Blogger Google Video, Google Docs and Google Sites. She said during her time at Google and Amazon Web Services she noticed that big companies had a gap between the research being done in AI and the products being developed.

KRAKOW, POLAND - 2019/01/23: In this photo illustration, the Google Hangouts logo is seen displayed ... [ ] on an Android mobile phone. Here are five things in technology that happened this past week and how they affect your business. According to a report released this week, Google is in the process of creating its newest messaging app and the company's development team is looking to combine the capabilities of multiple apps that the tech giant already provides into one. The report detailed that the new messaging app would combine the features from Hangouts Meet, Hangouts Chat, and Drive, but also include Gmail features. This would be Google's tenth app.