MindsDB, one of the fastest-growing open-source AI projects, announced it is receiving an additional $25 million in financing, enabling the company to continue to accelerate the expansion of its AI-Logic Cloud platform.
The financing was led by new 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.
MindsDB plans to use the additional capital to continue to nurture its community, expand its AI-Logic product capabilities, and support its growing base of customers, and grow into a cornerstone of the new AI-web.
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.
According to the company, 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.
For more information about this news, visit https://mindsdb.com.