AbstractOps
Company Insights
AbstractOps, a trailblazing company, streamlines startup operations by automating back-office functions like HR, finance, and compliance. Established in 2019 by Hari Raghavan and Adam Spector, AbstractOps quickly garnered attention in the startup world with its all-in-one platform. By automating essential processes, the company empowers founders to concentrate on core business activities.
AbstractOps Funding Rounds
The company’s rapid success led to significant funding from high-profile investors. Initially, AbstractOps raised $4.1 million in a 2020 seed round led by General Catalyst, with participation from First Round Capital, BoxGroup, and SV Angel. Following this, the company secured an additional $9.5 million in a 2021 Series A round led by Scale Venture Partners and featuring existing investors. These funds facilitated team growth, product refinement, and customer base expansion.
AbstractOps’ diverse clientele includes startups from technology, healthcare, and finance sectors. By partnering with AbstractOps, startups can eliminate inefficiencies associated with manual back-office tasks and focus on their core business. Furthermore, strategic acquisitions like the 2021 acquisition of Jiffy, an AI-powered HR platform, enabled AbstractOps to enhance its HR capabilities and offer comprehensive solutions.
The company’s achievements have been recognized by industry experts and featured in prominent publications such as TechCrunch, VentureBeat, and Forbes. These outlets have emphasized AbstractOps’ innovative approach to operations management and its value for startups. The coverage has generated increased demand from investors and startups.
AbstractOps remains dedicated to simplifying and automating back-office operations for startups. Continuous investment in product development and innovation keeps the company at the forefront of the industry. To date, AbstractOps has raised a total of $13.6 million in funding, enabling it to grow, improve, and expand its offerings.
In conclusion, AbstractOps is a leading provider of back-office automation solutions for startups. With a comprehensive platform designed for HR, finance, and compliance tasks, the company allows founders to focus on core activities. Having raised significant funding and acquired AI-powered HR platform Jiffy, AbstractOps is set for sustained growth and success, continuing to transform startup operations management.
AbstractOps Leadership & Teams
Headquarters: 548 Market St, San Francisco, California, 94104, USA
Phone: 415-906-6990
Number of employees: 11-50
Website: www.abstractops.com