MindsDB

Last updated
MindsDB
Developer(s) MindsDB Inc.
Initial releaseDec 13, 2018 [1]
Repository github.com/mindsdb/mindsdb/
Written in Python
Operating system Cross-platform
Type Artificial intelligence, machine learning and data automation
License Elastic License 2.0 [2]
Website mindsdb.com

MindsDB is an artificial intelligence company headquartered in California. [3] [4]

Contents

History

MindsDB was founded in 2017 by Jorge Torres and Adam Carrigan. The idea was incubated in early 2018 at Skydeck from UC Berkeley during the first funded batch, this led to the MindsDB Open Source project which started in August 2018. [5] [6] On April 16, 2020, MindsDB raised $3 million. Among the investors were OpenOcean, MMC, Rogue Capital, Zyper founder Amber Atherton, SCM Advisors, YCombinator, and Berkeley SkyDeck. [7] MindsDB core was re-written from scratch during their time at Y Combinator in March 2020. In late 2020, MindsDB began offering paid premium services.

On November 1, 2021, MindsDB announced an investment from Walden Catalyst Ventures, closing the total pre-seed round to $7.6M. [8] Additionally, MindsDB announced partnerships with Snowflake, SingleStore, and DataStax (based on Apache CassandraTM) to connect its machine learning platform to these databases. [9] [10]

In the same month, February 2023, MindsDB announced its integration with Hugging Face and OpenAI that would allow natural language processing and generative AI models into their database via API accessible with SQL requests. This integration enabled advanced text classification, sentiment analysis, emotion detection, translation, and more. [11] [12]

During the same period, 2023, MindsDB raised a $46.5 million seed round from Benchmark, Mayfield and NVentures, [13] [14] and Chetan Puttagunta joined its board of directors. [15] [16]

Overview

MindsDB has formed strategic partnerships with leading companies such as Snowflake, SingleStore, DataStax, and NVIDIA. As of September 2024, the platform supports over 200 integrations, including popular large language models (LLMs) like OpenAI, Anthropic, and Mistral, as well as data platforms such as MySQL, PostgreSQL, Snowflake, and MongoDB. MindsDB also integrates with a wide range of applications, including Salesforce, HubSpot, X(former Twitter), and many others. [17] [18] [19] [20]

Recognition

References

  1. ↑ "Release date" . Retrieved 2025-01-14.
  2. ↑ "License" . Retrieved 2025-01-29.
  3. ↑ Persaud, Vishal. "6 years ago, AI startup MindsDB was an open source project that few took seriously. Now it's worth $160 million and on a growth rocketship". Business Insider. Retrieved 2023-09-16.
  4. 1 2 Ohnsman, Alan. "AI 50 2021: America's Most Promising Artificial Intelligence Companies". Forbes. Retrieved 2023-09-16.
  5. ↑ Millward, Wade Tyler (2023-02-07). "10 Hot Open Source Software Companies To Watch In 2023". CRN. Retrieved 2023-09-16.
  6. ↑ "Jorge Torres, Co-founder & CEO of MindsDB - Interview Series - Unite.AI". www.unite.ai. 20 February 2023. Retrieved 2023-09-16.
  7. ↑ "MindsDB raises $3 million for open source automated machine learning". VentureBeat. 2020-04-16. Retrieved 2023-09-16.
  8. ↑ Park, Kate (2021-11-01). "Walden Catalyst launches a $550M fund to invest in deep tech startups". TechCrunch. Retrieved 2023-09-16.
  9. ↑ Team, Towards AI (November 2021). "MindsDB Scores $7.6m Seed Funding to Democratize Machine Learning – Towards AI". towardsai.net. Retrieved 2023-09-16.
  10. ↑ "MindsDB wants to give enterprise databases a brain". VentureBeat. 2021-11-07. Retrieved 2023-09-16.
  11. ↑ "MindsDB Raises $16.5 Million from Benchmark to Expand Machine Learning Applications". Data Phoenix. 2023-02-08. Retrieved 2023-09-16.
  12. ↑ "MindsDB drives AI for open source machine learning". www.computerweekly.com. Retrieved 2023-09-16.
  13. ↑ Persaud, Vishal. "6 years ago, AI startup MindsDB was an open source project that few took seriously. Now it's worth $160 million and on a growth rocketship". Business Insider. Retrieved 2023-10-03.
  14. ↑ Persaud, Vishal. "AI startup MindsDB aims to help every developer be a machine learning engineer. Here's the pitch deck it used to raise $25 million from investors like Mayfield Fund and Benchmark". Business Insider. Retrieved 2023-10-03.
  15. ↑ Cai, Kenrick. "Startup MindsDB Raises $16.5 Million To Power The AI Race In The Workplace". Forbes. Retrieved 2023-09-16.
  16. ↑ "MindsDB Announces $16.5M Series A". vcnewsdaily.com. Retrieved 2023-09-16.
  17. ↑ Hampton, Jaime (2022-11-04). "MindsDB Platform Now Features Over 70 Integrations". Datanami. Retrieved 2023-09-16.
  18. ↑ Heller, Martin (2022-12-19). "10 databases supporting in-database machine learning". InfoWorld. Retrieved 2023-09-16.
  19. ↑ Asay, Matt (2022-07-18). "8 most innovative AI and machine learning companies". TechRepublic. Retrieved 2023-09-16.
  20. ↑ Wayner, Peter (2022-09-26). "13 open source projects transforming AI and machine learning". InfoWorld. Retrieved 2023-09-16.
  21. ↑ "The most innovative AI companies of 2024". 2024-03-19. Retrieved 2024-10-22.

Further reading

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