MindsDB explained

Developer:MindsDB Inc.
Released:2017
Programming Language:Python
Operating System:Cross-platform
Genre:Artificial intelligence, machine learning and data automation
License:SSPL v1

MindsDB is an artificial intelligence company headquartered in California, an innovator bringing AI and Data together and is focused on enabling developers to build AI capabilities that can Reason, Plan and Orchestrate over enterprise data.[1] [2]

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.[3] [4] 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.[5] 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.[6] Additionally, MindsDB announced partnerships with Snowflake, SingleStore, and DataStax (based on Apache CassandraTM) to connect its machine learning platform to these databases.[7] [8]

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.[9] [10]

During the same period, 2023, MindsDB raised a $46.5 million seed round from Benchmark, Mayfield and NVentures,[11] [12] and Chetan Puttagunta joined its board of directors.[13] [14]

Products

Minds - an intelligent turnkey private AI system able to understand complex queries, retrieve relevant data from enterprise systems, deliver insights and make actions. It goes beyond traditional models by providing transparency in its decision-making process, respecting data privacy allowing organizations to deploy it within secure, private environments.

MindsDB - an open-source data federation and orchestration engine for AI systems, that facilitates the implementation of custom AI workflows across hundreds of data and AI platforms.

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.[15] [16] [17] [18]

Recognition

Further reading

Notes and References

  1. Web site: 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. . 2023-09-16 . Business Insider . en-US.
  2. Web site: Ohnsman . Alan . AI 50 2021: America's Most Promising Artificial Intelligence Companies . 2023-09-16 . Forbes . en.
  3. Web site: Millward . Wade Tyler . 2023-02-07 . 10 Hot Open Source Software Companies To Watch In 2023 . 2023-09-16 . CRN . en.
  4. Web site: Jorge Torres, Co-founder & CEO of MindsDB - Interview Series - Unite.AI . 2023-09-16 . www.unite.ai. 20 February 2023 .
  5. Web site: 2020-04-16 . MindsDB raises $3 million for open source automated machine learning . 2023-09-16 . VentureBeat . en-US.
  6. Web site: Park . Kate . 2021-11-01 . Walden Catalyst launches a $550M fund to invest in deep tech startups . 2023-09-16 . TechCrunch . en-US.
  7. Web site: Team . Towards AI . MindsDB Scores $7.6m Seed Funding to Democratize Machine Learning – Towards AI . 2023-09-16 . towardsai.net . November 2021 . en-US.
  8. Web site: 2021-11-07 . MindsDB wants to give enterprise databases a brain . 2023-09-16 . VentureBeat . en-US.
  9. Web site: 2023-02-08 . MindsDB Raises $16.5 Million from Benchmark to Expand Machine Learning Applications . 2023-09-16 . Data Phoenix . en.
  10. Web site: MindsDB drives AI for open source machine learning . 2023-09-16 . www.computerweekly.com.
  11. Web site: 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. . 2023-10-03 . Business Insider . en-US.
  12. Web site: 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. . 2023-10-03 . Business Insider . en-US.
  13. Web site: Cai . Kenrick . Startup MindsDB Raises $16.5 Million To Power The AI Race In The Workplace . 2023-09-16 . Forbes . en.
  14. Web site: MindsDB Announces $16.5M Series A . 2023-09-16 . vcnewsdaily.com.
  15. Web site: Hampton . Jaime . 2022-11-04 . MindsDB Platform Now Features Over 70 Integrations . 2023-09-16 . Datanami.
  16. Web site: Heller . Martin . 2022-12-19 . 10 databases supporting in-database machine learning . 2023-09-16 . InfoWorld . en.
  17. Web site: Asay . Matt . 2022-07-18 . 8 most innovative AI and machine learning companies . 2023-09-16 . TechRepublic . en-US.
  18. Web site: Wayner . Peter . 2022-09-26 . 13 open source projects transforming AI and machine learning . 2023-09-16 . InfoWorld . en.
  19. Web site: 2023-01-17 . MindsDB Named in 2022 Gartner® Cool Vendor™ in Data-Centric AI report - AI-TechPark . 2023-09-16 . en-US.
  20. Web site: The most innovative AI companies of 2024. 2024-03-19. 2024-10-22.
  21. Web site: Git mindsdb . . 2024-10-22.

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