MindsDB, one of the fastest-growing open-source AI projects in the world, has announced an additional $25 million financing with new lead 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.
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.