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Mindsdb Raises $16.5M From Benchmark To Put Machine Learning Into More Applications

PRIVATEFeb 07, 2023•over 3 years ago

Amount Raised

$16.5 Million

BerkeleySoftwareArtificial IntelligenceMachine Learning

Investors

Benchmark

Description

MindsDB, the most widely used open source applied machine learning (ML) platform in the world, today announced a $16.5M Series A investment from Benchmark.

Company Information

Company

MindsDB

Location

Berkeley, California, United States

About

MindsDB enables developers to create the next wave of AI-centered applications that will transform the way we live and work. MindsDB was founded in 2017 by Adam Carrigan (COO) and Jorge Torres (CEO) and is backed with $46.5M in seed funding from Benchmark, Mayfield, MMC, NVentures, OpenOcean, SpeedInvest, TQ Ventures, University of California Berkeley SkyDeck Fund, Walden Catalyst Ventures and YCombinator. MindsDB is also recognized by Forbes as one of America's most promising AI companies (2021) and by Gartner as a Cool Vendor for Data and AI (2022). To see how MindsDB can help you visit www.mindsdb.com or follow us @MindsDB.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies.

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