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MindsDB Raises $16.5M in Series A Investment from Benchmark

San Francisco, February 7, 2023 – MindsDB, the world’s most widely used open-source applied machine learning (ML) platform, announced a $16.5 million Series A investment from Benchmark.

Revolutionizing AI-Powered Applications

With over 13,000 GitHub Stars and 70+ technology and data integrations, MindsDB has become one of the fastest-growing developer platforms. The platform was built to dramatically speed up the process of building AI-powered applications, revolutionizing how we interact with technology.

“It’s time for the next revolution in the world of technology: the reinvention of all the systems we use on a daily basis, like email, calendars, CRMs, ERPs, CMSs, telehealth, office documents, etc., all with AI capacities at their core,” said Jorge Torres, Co-Founder and CEO of MindsDB.

Integrations with Hugging Face and OpenAI

MindsDB’s latest integrations with Hugging Face and OpenAI allow anyone to easily bring state-of-the-art natural language processing and generative AI models into their database with just a few lines of SQL. With Hugging Face, developers can access pre-trained NLP models and apply them to their data. At the same time, with the OpenAI integration, they can customize cutting-edge generative AI models to their data.

Investment from Benchmark

Benchmark, a firm known for investing in and working alongside entrepreneurs building startups into transformational companies, commits to open source, with investments in Confluent, Elastic, Cockroach Labs, Docker, Airbyte, Clickhouse, MySQL, TimeScaleDB, Red Hat, and many others. With the investment, Chetan Puttagunta, General Partner at Benchmark, is joining the board of directors.

“There’s tremendous interest in the developer community to implement and integrate machine learning into their applications, but the process is complicated and expensive,” said Puttagunta. “MindsDB is enabling developers from small startups to the biggest enterprises in the world by enabling them to quickly and efficiently run ML models of their choice with the database of their choice.”

Recognition for MindsDB

MindsDB, founded in 2017 by Adam Carrigan (COO) and Jorge Torres (CEO), has received over $24 million in total funding from investors, including Benchmark, Walden Catalyst Ventures, YCombinator, OpenOcean, SpeedInvest, MMC, and the University of California Berkeley SkyDeck fund. Forbes has recognized the company as one of America’s most promising AI companies (2021) and Gartner as a Cool Vendor for Data and AI (2022).

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