MindsDB Raises $16.5M in Series A Funding

MindsDB

MindsDB, a San Francisco, CA-based provider of open source applied machine learning (ML) platform, raised $16.5M in Series A funding.

The round was led by Benchmark. Benchmark General Partner Chetan Puttagunta is joining the board of directors of MindsDB.

The company intends to use the funds to expand operations and its business reach.

Founded in 2017 by Adam Carrigan (COO) and Jorge Torres (CEO), MindsDB enables developers to create AI-centered applications for living and working. This new investment follows its latest integrations with Hugging Face and OpenAI. With Hugging Face, developers can access pre-trained NLP models and apply them to their own data for use cases such as advanced text classification, sentiment analysis, emotion detection, and translation. With the OpenAI integration, developers can customize to their data the power of cutting edge generative AI models including GPT-3, Codex, and DALL·E. 

FinSMEs

07/02/2023