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About MindsDB
Industries
Enterprise Software
AI & Machine Learning
Company Size
11-50
Company Stage
Seed
Total Funding
$58.1M
Headquarters
Berkeley, California
Founded
2017
Overview
MindsDB simplifies the integration of artificial intelligence (AI) into existing databases, allowing businesses to perform predictive analytics directly within their systems. This enables companies to forecast outcomes like rental prices or customer churn without needing to transfer data to separate AI platforms. MindsDB primarily serves data-driven industries such as real estate, finance, healthcare, and retail, helping them build and deploy machine learning models efficiently. The platform is offered as a service, accessible through cloud-based subscriptions or local installations, with revenue generated from these fees and additional premium support options. The goal of MindsDB is to make AI more accessible and easier to integrate, enhancing the accuracy and efficiency of business operations.
Simplify's Take
What believers are saying
- Growing demand for predictive analytics in sectors like real estate and healthcare benefits MindsDB.
- Recent funding from NVIDIA boosts MindsDB's financial stability and growth potential.
- Recognition as one of the World's Most Innovative Companies enhances MindsDB's market reputation.
What critics are saying
- Increased competition from AI startups in Berkeley SkyDeck may affect MindsDB's market share.
- Rapid AI innovation could render MindsDB's offerings obsolete if they don't adapt.
- Dependency on open-source contributions poses risks if community engagement declines.
What makes MindsDB unique
- MindsDB integrates AI directly into databases, eliminating the need for separate platforms.
- The company democratizes AI, making it accessible to non-experts and small businesses.
- MindsDB's open-source model fosters collaboration and innovation in AI and machine learning.
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Funding
Total Funding
$58M
Above
Industry Average
Funded Over
1 Rounds
Benchmark
Y CombinatorIndustry standards
Benefits
Flexible schedule
Unlimited PTO
Fully remote culture
Remote work setup budget
Wellbeing budget
Company offsites
Generous compensation
Personal development budget
Mental health support
Medical, dental, & vision insurance
Growth & Insights and Company News
6 month growth
↓ -10%1 year growth
↓ -4%2 year growth
↑ 2%BERKELEY, Calif.--(BUSINESS WIRE)--Berkeley SkyDeck, the global hub for entrepreneurship and a leading accelerator, today confirmed its Demo Day for Batch 17 will take place April 10, 2024. Despite economic headwinds and fluctuations in the market, Berkeley SkyDeck startups have consistently raised capital, including more than $200 million over the last 12 months, a reflection of the companies’ sound business models and strong leadership teams. For Batch 17, over half of the 20 companies that will present are rooted in AI, with applications across multiple industries, including education, healthcare, enterprise software, data, and life sciences. The full list of participating startups is available here. “Projections have the AI industry approaching $2 trillion in value by 2030, signaling the ongoing strength of this market and the still-untapped potential to completely reinvent our world. At the same time, investors are looking for companies capable of real success,” said Chon Tang, Founding Partner at Berkeley SkyDeck Fund
SAN FRANCISCO, March 19, 2024 /PRNewswire/ - MindsDB has been named to Fast Company's prestigious list of the World's Most Innovative Companies of 2024.
SpamSpy has also introduced the SpamSpy Discord Server and Bot to engage the community and strengthen spam protection.
MindsDB, an artificial intelligence virtual database enabling the creation of the next wave of AI-centered applications announced the MindsDB AI Collective, a San Francisco -based network of AI startups and developers advancing open-source machine learning and AI projects while providing resource connections with investors, technical assistance and talent.
The company is uniting AI startups and developers to accelerate the creation of open-source machine learning and AI tools while improving ethical standards and accountabilitySAN FRANCISCO, Sept. 26, 2023 /PRNewswire/ -- MindsDB , an artificial intelligence virtual database enabling the creation of the next wave of AI-centered applications, today announced the MindsDB AI Collective , a San Francisco-based network of AI startups and developers advancing open-source machine learning and AI projects while providing resource connections with investors, technical assistance and talent. The AI Collective's mission is to create a community of AI and open-source contributors, collaborating to build projects that contribute positively to the world."Our mission is to create an outlet where people can come together to discuss and partner to start open-source machine learning and AI projects while sharing resources and learnings," said Jorge Torres, CEO and co-founder of MindsDB. "We believe that by fostering a supportive and collaborative community, we can help accelerate the development of AI technology that benefits everyone."The unique space located in the Mission district of San Francisco welcomes developers, AI researchers and anyone interested in learning more about AI and ML technologies through ongoing hosted events and networking. MindsDB believes that diversity of thought and experience is key to building a strong, engaged and supportive community. The AI Collective welcomes startups and individuals from all backgrounds and levels of experience to join the new AI hub.As the program grows, MindsDB's vision for the AI Collective is to become a community where AI startups and developers unite based on common interests and to address industry challenges
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About MindsDB
Industries
Enterprise Software
AI & Machine Learning
Company Size
11-50
Company Stage
Seed
Total Funding
$58.1M
Headquarters
Berkeley, California
Founded
2017
There are no jobs for MindsDB right now.
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to MindsDB