Startup Abacus.AI has raised $22 million
Business : Artificial intelligence startup Abacus.AI has raised $22 million in a Series B round led by Coatue. The San Francisco-based company offers a platform for developers to create deep-learning systems that can make accurate predictions.
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Austin-based ClosedLoop.ai, developer of an AI-driven platform to help medical professionals predict likely patient outcomes, raised $11 million in a Series A round led by Greycroft and .406 Ventures.
Affirm, the consumer installment loan fintech startup headed by former PayPal executive Max Levchin, filed an S-1 statement as it prepares for an IPO. The filing shows that Affirm’s revenue soared nearly 93 percent to more than $509 million in the year ended in June. Here’s what else stands out in Affirm’s financials.
So, Affirm is a privately held financial technology company headquartered in San Francisco, United States. Founded in 2012, the company operates as a financial lender of installment loans for consumers to use at the point of sale to finance a purchase.