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MindsDB

MindsDB is an artificial intelligence company founded in 2017, focused on integrating AI with enterprise data to enable developers to build advanced AI capabilities. The company has raised significant funding, including a $46.5 million seed round in 2023, and has formed partnerships with major data platforms like Snowflake and OpenAI. MindsDB offers products such as an intelligent private AI system and an open-source data orchestration engine, and has received multiple accolades for its innovation in the AI space.
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0% found this document useful (0 votes)
45 views4 pages

MindsDB

MindsDB is an artificial intelligence company founded in 2017, focused on integrating AI with enterprise data to enable developers to build advanced AI capabilities. The company has raised significant funding, including a $46.5 million seed round in 2023, and has formed partnerships with major data platforms like Snowflake and OpenAI. MindsDB offers products such as an intelligent private AI system and an open-source data orchestration engine, and has received multiple accolades for its innovation in the AI space.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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MindsDB

MindsDB is an artificial intelligence company


MindsDB
headquartered in California, an innovator bringing AI
and Data together and is focused on enabling Developer(s) MindsDB Inc.
developers to build AI capabilities that can Reason, Initial release Dec 13, 2018[1]
Plan and Orchestrate over enterprise data.[3][4]
Repository github.com/mindsdb
/mindsdb/ (https://github.co
m/mindsdb/mindsdb/)
History Written in Python
MindsDB was founded in 2017 by Jorge Torres and Operating system Cross-platform
Adam Carrigan. The idea was incubated in early 2018 Type Artificial intelligence,
at Skydeck from UC Berkeley during the first funded machine learning and data
batch, this led to the MindsDB Open Source project automation
which started in August 2018. [5][6] On April 16, 2020, License Elastic License 2.0[2]
MindsDB raised $3 million. Among the investors were
Website mindsdb.com (https://mind
OpenOcean, MMC, Rogue Capital, Zyper founder
sdb.com/)
Amber Atherton, SCM Advisors, YCombinator, and
Berkeley SkyDeck.[7] MindsDB core was re-written
from scratch during their time at Y Combinator in March 2020. In late 2020, MindsDB began offering
paid premium services.

On November 1, 2021, MindsDB announced an investment from Walden Catalyst Ventures, closing the
total pre-seed round to $7.6M.[8] Additionally, MindsDB announced partnerships with Snowflake,
SingleStore, and DataStax (based on Apache CassandraTM) to connect its machine learning platform to
these databases.[9][10]

In the same month, February 2023, MindsDB announced its integration with Hugging Face and OpenAI
that would allow natural language processing and generative AI models into their database via API
accessible with SQL requests. This integration enabled advanced text classification, sentiment analysis,
emotion detection, translation, and more.[11][12]

During the same period, 2023, MindsDB raised a $46.5 million seed round from Benchmark, Mayfield
and NVentures,[13][14] and Chetan Puttagunta joined its board of directors.[15][16]

Products
Minds - an intelligent turnkey private AI system able to understand complex queries, retrieve relevant
data from enterprise systems, deliver insights and make actions. It goes beyond traditional models by
providing transparency in its decision-making process, respecting data privacy allowing organizations to
deploy it within secure, private environments.
MindsDB - an open-source data federation and orchestration engine for AI systems, that facilitates the
implementation of custom AI workflows across hundreds of data and AI platforms.

Overview
MindsDB has formed strategic partnerships with leading companies such as Snowflake, SingleStore,
DataStax, and NVIDIA. As of September 2024, the platform supports over 200 integrations, including
popular large language models (LLMs) like OpenAI, Anthropic, and Mistral, as well as data platforms
such as MySQL, PostgreSQL, Snowflake, and MongoDB. MindsDB also integrates with a wide range of
applications, including Salesforce, HubSpot, X(former Twitter), and many others.[17][18][19][20]

Recognition
Named to Forbes' AI 50 list in 2021[4]
Recognized as a 2022 Gartner Cool Vendor in Data-Centric AI[21]
Ranked 10th fastest-growing open-source startup globally and 3rd in the US by ROSS Index
in 2022[5]
Recognized by Fast Company as one of the Most Innovative AI companies in 2024[22]
Reached over 26k GitHub stars, 4.8k forks and 750 open-source contributors as of
September 2024[23]

References
1. "Release date" (https://github.com/mindsdb/mindsdb/releases/tag/v0.8.8). Retrieved
2025-01-14.
2. "License" (https://github.com/mindsdb/mindsdb/blob/main/LICENSE). Retrieved 2025-01-29.
3. Persaud, Vishal. "6 years ago, AI startup MindsDB was an open source project that few took
seriously. Now it's worth $160 million and on a growth rocketship" (https://www.businessinsi
der.com/how-mindsdb-became-hot-ai-startup-2023-6). Business Insider. Retrieved
2023-09-16.
4. Ohnsman, Alan. "AI 50 2021: America's Most Promising Artificial Intelligence Companies" (ht
tps://www.forbes.com/sites/alanohnsman/2021/04/26/ai-50-americas-most-promising-artifici
al-intelligence-companies/). Forbes. Retrieved 2023-09-16.
5. Millward, Wade Tyler (2023-02-07). "10 Hot Open Source Software Companies To Watch In
2023" (https://www.crn.com/news/software/10-hot-open-source-software-companies-to-watc
h-in-2023). CRN. Retrieved 2023-09-16.
6. "Jorge Torres, Co-founder & CEO of MindsDB - Interview Series - Unite.AI" (https://www.unit
e.ai/jorge-torres-co-founder-ceo-of-mindsdb-interview-series/). www.unite.ai. 20 February
2023. Retrieved 2023-09-16.
7. "MindsDB raises $3 million for open source automated machine learning" (https://venturebe
at.com/ai/mindsdb-raises-3-million-for-open-source-automated-machine-learning/).
VentureBeat. 2020-04-16. Retrieved 2023-09-16.
8. Park, Kate (2021-11-01). "Walden Catalyst launches a $550M fund to invest in deep tech
startups" (https://techcrunch.com/2021/11/01/walden-catalyst-focuses-on-deep-tech-startup
s-in-the-u-s-europe-and-israel-with-a-newly-launched-550m-fund/). TechCrunch. Retrieved
2023-09-16.
9. Team, Towards AI (November 2021). "MindsDB Scores $7.6m Seed Funding to
Democratize Machine Learning – Towards AI" (https://towardsai.net/p/news/mindsdb-scores
-7-6m-seed-funding-to-democratize-machine-learning,%20https://towardsai.net/p/news/mind
sdb-scores-7-6m-seed-funding-to-democratize-machine-learning). towardsai.net. Retrieved
2023-09-16.
10. "MindsDB wants to give enterprise databases a brain" (https://venturebeat.com/data-infrastr
ucture/mindsdb-wants-to-give-enterprise-databases-a-brain/). VentureBeat. 2021-11-07.
Retrieved 2023-09-16.
11. "MindsDB Raises $16.5 Million from Benchmark to Expand Machine Learning Applications"
(https://dataphoenix.info/mindsdb-raises-16-5-million-from-benchmark-to-expand-machine-l
earning-applications/). Data Phoenix. 2023-02-08. Retrieved 2023-09-16.
12. "MindsDB drives AI for open source machine learning" (https://www.computerweekly.com/bl
og/Open-Source-Insider/MindsDB-drives-AI-for-open-source-machine-learning).
www.computerweekly.com. Retrieved 2023-09-16.
13. Persaud, Vishal. "6 years ago, AI startup MindsDB was an open source project that few took
seriously. Now it's worth $160 million and on a growth rocketship" (https://www.businessinsi
der.com/how-mindsdb-became-hot-ai-startup-2023-6). Business Insider. Retrieved
2023-10-03.
14. Persaud, Vishal. "AI startup MindsDB aims to help every developer be a machine learning
engineer. Here's the pitch deck it used to raise $25 million from investors like Mayfield Fund
and Benchmark" (https://www.businessinsider.com/pitch-deck-ai-cloud-startup-mindsdb-rais
e-seed-funding-2023-5). Business Insider. Retrieved 2023-10-03.
15. Cai, Kenrick. "Startup MindsDB Raises $16.5 Million To Power The AI Race In The
Workplace" (https://www.forbes.com/sites/kenrickcai/2023/02/07/mindsdb-series-a-funding-a
i-in-workplace/). Forbes. Retrieved 2023-09-16.
16. "MindsDB Announces $16.5M Series A" (https://vcnewsdaily.com/mindsdb/venture-capital-fu
nding/sjqdlckgxb). vcnewsdaily.com. Retrieved 2023-09-16.
17. Hampton, Jaime (2022-11-04). "MindsDB Platform Now Features Over 70 Integrations" (http
s://www.datanami.com/2022/11/04/mindsdb-platform-now-features-over-70-integrations/).
Datanami. Retrieved 2023-09-16.
18. Heller, Martin (2022-12-19). "10 databases supporting in-database machine learning" (http
s://www.infoworld.com/article/3607762/10-databases-supporting-in-database-machine-learni
ng.html). InfoWorld. Retrieved 2023-09-16.
19. Asay, Matt (2022-07-18). "8 most innovative AI and machine learning companies" (https://w
ww.techrepublic.com/article/most-innovative-companies-ai-machine-learning/).
TechRepublic. Retrieved 2023-09-16.
20. Wayner, Peter (2022-09-26). "13 open source projects transforming AI and machine
learning" (https://www.infoworld.com/article/3673976/13-open-source-projects-transforming-
ai-and-machine-learning.html). InfoWorld. Retrieved 2023-09-16.
21. "MindsDB Named in 2022 Gartner® Cool Vendor™ in Data-Centric AI report - AI-TechPark"
(https://ai-techpark.com/mindsdb-named-in-2022-gartner-cool-vendor-in-data-centric-ai-repo
rt/). 2023-01-17. Retrieved 2023-09-16.
22. "The most innovative AI companies of 2024" (https://www.fastcompany.com/91029555/artific
ial-intelligence-most-innovative-companies-2024). 2024-03-19. Retrieved 2024-10-22.
23. "Git mindsdb" (https://github.com/mindsdb/mindsdb). GitHub. Retrieved 2024-10-22.

Further reading
Gurevich, Natalia (2023-08-24). "AI companies flocking to Mission worry neighbors" (https://
www.sfexaminer.com/news/technology/ai-companies-flocking-to-sf-mission-district-worry-nei
ghbors/article_94eb416a-4201-11ee-800b-2f7470d883d4.html). San Francisco Examiner.
Retrieved 2024-03-23.

External links
Official website (https://mindsdb.com/)
mindsdb (https://github.com/mindsdb/mindsdb) on GitHub
Free software
portal

Retrieved from "https://en.wikipedia.org/w/index.php?title=MindsDB&oldid=1272624274"

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