Venture Capital

Mayfield Leads $25 Million Funding in MindsDB

SAN FRANCISCOMindsDB, one of the fastest-growing open-source AI projects in the world, has announced an additional $25 million financing with new lead investor Mayfield, along with participation from TQ Ventures and existing investor Benchmark Capital, bringing total seed capital raised to $41.5 million and total funds raised to $50 million.

With the increasing popularity of ChatGPT and AI generally, businesses are racing to embed AI into their operations and customer interfaces. However building AI applications can be slow and expensive without a dedicated team of AI engineers.

To address this, MindsDB equips virtually any developer to rapidly ship AI and machine learning applications – effectively transforming them into AI/ML Engineers. They can easily connect virtually any data source, from databases like Postgres, MongoDB, and Snowflake to applications like Salesforce and Gmail, with the latest AI innovations, such as OpenAI, Hugging Face or LangChain.

MindsDB’s platform, available in both open source and managed-cloud versions, brings an intelligence layer between disparate data sources and AI frameworks, using a streamlined deployment and management workflow. With MindsDB, developers can ship AI-powered applications from prototyping and experimentation to production in a stable, fast, and enterprise-ready manner.

“MindsDB is possible because of the incredible open-source community behind it, which has spent 5 years constantly testing and perfecting our technology. We are excited to be the most production-grade AI development solution in the market, accessible for companies of all sizes. So, whether your company has one or ten thousand developers needing to build and ship AI-First Applications, MindsDB is here to help” said Jorge Torres, Co-founder and CEO of MindsDB.