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Mind Foundry

Explainable AI platform for high-stakes decisions

Overview

Mind Foundry builds enterprise AI software focused on high-stakes decisions in sectors like insurance, infrastructure, and defense. It offers the Mind Foundry Platform, a toolset that lets data scientists and business users design, test, deploy, and monitor responsible, explainable AI models. The platform supports human-AI collaboration, model governance, and ongoing monitoring, applying Bayesian inference and probabilistic methods to real-world problems such as fraud detection, pricing optimization, claims management, and infrastructure health monitoring. The company differentiates itself through its research-backed approach from the University of Oxford, emphasis on explainability and governance for trusted AI, and strategic partnerships (e.g., ANDI) that target large enterprises and public sector clients. Its goal is to help organizations deploy transparent, reliable AI that improves decision-making while maintaining control over model behavior and risk.

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About Mind Foundry

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Industries

Data & AnalyticsEnterprise SoftwareAI & Machine LearningDefense

Company Size

51-200

Company Stage

Grant

Total Funding

$59.9M

Headquarters

Oxford, United Kingdom

Founded

2016

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Funding

Total Funding

$59.9M

Below

Industry Average

Funded Over

11 Rounds

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Benefits

  • Stock Options
  • Paid Vacation
  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Parental Leave
  • Paid Sick Leave
  • Childcare Support
  • Hybrid Work Options
  • Professional Development Budget

Company News

Tech Funding News
Oct 28th, 2026
Mind Foundry's CEO bets on defence as UK commits $378.5B to sovereign AI

Mind Foundry, the Oxford spinout founded in 2016 by professors Stephen Roberts and Maike Osborne, has narrowed its focus from three sectors to defence and national security. Chief executive Lindsay Chadwick, who took over in late 2025, called it her hardest decision, citing "mission, technical fit and national need." The company's software helps operators make sense of sonar, radar and other sensor data, with a human still making the call. Its NIGHTINGALE product was tested with the Ministry of Defence, the Royal Navy and Thales. The timing suits it. The UK government has set out £298bn of defence investment over four years, including a £200M AI fund. More than half of Mind Foundry's staff invested their own money in the reshaped company.

Railway PRO
Jan 17th, 2025
HS2 launches Innovation Accelerator for rail systems and maintenance

Mind Foundry is working on AI technology to help HS2 engineers monitor infrastructure and equipment for performance changes, supporting a "predict and prevent" approach to maintenance.

AND-E
Nov 6th, 2023
Cognitive decline and large loss

At the beginning of 2023, Aioi Nissay Dowa Europe Limited announced the launch of the Aioi R&D Lab - Oxford, a joint venture between its parent company, Aioi Nissay Dowa Insurance (ANDI) and its AI partners, Mind Foundry.

Insurable Interest Canadian Insurance Blog
Oct 17th, 2023
Artificial Intelligence Startup Helps Insurers Spot Cognitive Decline in Older Drivers

Mind Foundry Ltd., an artificial intelligence startup vying to help insurers decide which drivers should be covered, has raised $22 million in funding, the latest sign of growing demand to deploy AI in critical sectors where there's little room for error.

GOV.UK
Jun 6th, 2023
Mind Foundry: Using Continuous Metalearning to govern AI models used for fraud detection in insurance

Mind Foundry worked with Aioi Nissay Dowa Insurance (ANDE-UK) to understand the patterns of fraud and embed these into an AI solution to combat fraud more effectively.

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