Software:MindsDB

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Short description: Open-source virtual database
MindsDB
Developer(s)MindsDB Inc.
Initial release2017
Repositoryhttps://github.com/mindsdb/mindsdb/
Written inPython
Operating systemCross-platform
TypeArtificial intelligence, Machine Learning and Deep Learning
LicenseMIT

MindsDB is an open-source virtual database which automates pipelines that connect real time data to AI systems.[1]

MindsDB adds two new building blocks to the data layer. Jobs which is a simple way to orchestrate real time data tasks and AI Tables which connects real time data to AI models.[2]

History

MindsDB was founded in 2017 by Jorge Torres and Adam Carrigan.[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]

In late 2020, MindsDB began offering paid premium services. Forbes named it to the annual AI 50 list in 2021.[2]

On November 1, 2021, MindsDB announced an investment from Walden Catalyst Ventures, closing the total 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]

On January 17, 2023, MindsDB was named a 2022 Gartner Cool Vendor in its Data-Centric AI report.[9]

In February 2023, the ROSS Index ranked MindsDB the tenth overall fastest-growing open-source startup in 2022 and the third fastest-growing in the US.[3]

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.[10][11]

During the same period, February 2023, MindsDB announced a $16.5 million investment led by Benchmark. Chetan Puttagunta joined its board of directors.[12][13] It was also named one of the top most promising AI startups by CBInsights.[14] In mid 2023 Mayfield and Nvidia Ventures joined the round extension with an investment of $30 million and a valuation of $160 million, bringing the total investment to over $55 million.[15][16]

Overview

In November 2022, MindsDB announced it has more than 70 technology and data integrations with leading compute, storage, and multi-cloud databases. Additionally, the company has reached a milestone of over 15,000 stars on GitHub. MindsDB allows integration with MariaDB, MySQL, PostgreSQL, ClickHouse, Microsoft SQL Server, and Snowflake. It is compatible with BI tools like SAS, Qlik Sense, Microsoft Power BI, Looker, and Domo. MindsDB also supports Lightwood, a PyTorch-based deep learning framework.[17][18][19][20]

References

  1. ↑ 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." (in en-US). https://www.businessinsider.com/how-mindsdb-became-hot-ai-startup-2023-6. 
  2. ↑ 2.0 2.1 Ohnsman, Alan. "AI 50 2021: America's Most Promising Artificial Intelligence Companies" (in en). https://www.forbes.com/sites/alanohnsman/2021/04/26/ai-50-americas-most-promising-artificial-intelligence-companies/. 
  3. ↑ 3.0 3.1 Millward, Wade Tyler (2023-02-07). "10 Hot Open Source Software Companies To Watch In 2023" (in en). https://www.crn.com/news/software/10-hot-open-source-software-companies-to-watch-in-2023. 
  4. ↑ "Jorge Torres, Co-founder & CEO of MindsDB - Interview Series - Unite.AI". https://www.unite.ai/jorge-torres-co-founder-ceo-of-mindsdb-interview-series/. 
  5. ↑ "MindsDB raises $3 million for open source automated machine learning" (in en-US). 2020-04-16. https://venturebeat.com/ai/mindsdb-raises-3-million-for-open-source-automated-machine-learning/. 
  6. ↑ Park, Kate (2021-11-01). "Walden Catalyst launches a $550M fund to invest in deep tech startups" (in en-US). https://techcrunch.com/2021/11/01/walden-catalyst-focuses-on-deep-tech-startups-in-the-u-s-europe-and-israel-with-a-newly-launched-550m-fund/. 
  7. ↑ Team, Towards AI. "MindsDB Scores $7.6m Seed Funding to Democratize Machine Learning – Towards AI" (in en-US). https://towardsai.net/p/news/mindsdb-scores-7-6m-seed-funding-to-democratize-machine-learning,%20https://towardsai.net/p/news/mindsdb-scores-7-6m-seed-funding-to-democratize-machine-learning. 
  8. ↑ "MindsDB wants to give enterprise databases a brain" (in en-US). 2021-11-07. https://venturebeat.com/data-infrastructure/mindsdb-wants-to-give-enterprise-databases-a-brain/. 
  9. ↑ "MindsDB Named in 2022 Gartner® Cool Vendor™ in Data-Centric AI report - AI-TechPark" (in en-US). 2023-01-17. https://ai-techpark.com/mindsdb-named-in-2022-gartner-cool-vendor-in-data-centric-ai-report/. 
  10. ↑ "MindsDB Raises $16.5 Million from Benchmark to Expand Machine Learning Applications" (in en). 2023-02-08. https://dataphoenix.info/mindsdb-raises-16-5-million-from-benchmark-to-expand-machine-learning-applications/. 
  11. ↑ "MindsDB drives AI for open source machine learning". https://www.computerweekly.com/blog/Open-Source-Insider/MindsDB-drives-AI-for-open-source-machine-learning. 
  12. ↑ Cai, Kenrick. "Startup MindsDB Raises $16.5 Million To Power The AI Race In The Workplace" (in en). https://www.forbes.com/sites/kenrickcai/2023/02/07/mindsdb-series-a-funding-ai-in-workplace/. 
  13. ↑ "MindsDB Announces $16.5M Series A". https://vcnewsdaily.com/mindsdb/venture-capital-funding/sjqdlckgxb. 
  14. ↑ "The top AI companies in 2023 | CB Insights" (in en-US). 2023-06-20. https://www.cbinsights.com/research/artificial-intelligence-top-startups-2023/. 
  15. ↑ 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." (in en-US). https://www.businessinsider.com/how-mindsdb-became-hot-ai-startup-2023-6. 
  16. ↑ 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." (in en-US). https://www.businessinsider.com/pitch-deck-ai-cloud-startup-mindsdb-raise-seed-funding-2023-5. 
  17. ↑ Hampton, Jaime (2022-11-04). "MindsDB Platform Now Features Over 70 Integrations". https://www.datanami.com/2022/11/04/mindsdb-platform-now-features-over-70-integrations/. 
  18. ↑ Heller, Martin (2022-12-19). "10 databases supporting in-database machine learning" (in en). https://www.infoworld.com/article/3607762/10-databases-supporting-in-database-machine-learning.html. 
  19. ↑ Asay, Matt (2022-07-18). "8 most innovative AI and machine learning companies" (in en-US). https://www.techrepublic.com/article/most-innovative-companies-ai-machine-learning/. 
  20. ↑ Wayner, Peter (2022-09-26). "13 open source projects transforming AI and machine learning" (in en). https://www.infoworld.com/article/3673976/13-open-source-projects-transforming-ai-and-machine-learning.html. 



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