Abacus.AI, an end-to-end AI and ML cloud platform, is expanding its global footprint with a dedicated R&D facility in India. The new division will serve as an R&D office for research scientists and ML engineers.
The company will initially hire twenty accomplished engineers and scientists and then increase the team over three years to reach 200 members. Located in Mumbai, the R&D division will drive the AI adoption for both small and large firms. Additionally, Abacus.AI will invest $50 million in its R&D division over the next three years.
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“India, with its large talent pool of software engineers and growing number of start-ups is the perfect location for our expansion and establishing a division within India is critical as we become an integral asset of rapidly growing businesses and a talent hub for engineers who are passionate about AI,” said Bindu Reddy, CEO & Co-founder, Abacus.AI.
“I am very excited to be joining and managing the India Divison of Abacus.AI. India is a talent hub for young budding engineers and with the ever-growing influence of AI and ML, I’m excited to partake in the transformation that both businesses and talent will undergo within the influence of AI,” said Manish Vora, India Head, Abacus.AI.
Launched in 2019, Abacus.AI has raised USD 90 million in four rounds in over two years and is backed by Eric Schmidt, Mike Volpi, and Ram Shriram from Silicon Valley. The company is on the lookout for further funding for global expansion.