The company also announced the availability of MindsDB Pro, a service offering dedicated GPU-equipped instances for experimentation and deployment of AI/ML projects via the cloud. MindsDB Pro has already been used by companies such as Bytes, Dumuso, JourneyFoods, Progressify, Precise Finance, and Rize to streamline their product development and internal operations. The funding will also be used to evolve the product to empower more developers to build AI applications.
Key takeaways:
- MindsDB, an AI-centric database platform, has raised $5 million in an investment round led by NVentures, an arm of Nvidia, bringing its total seed funding to $54.5 million.
- The company plans to use the funding to integrate AI capabilities into products for the global software developer community, which is estimated to be around 30 million strong.
- MindsDB has launched MindsDB Pro, a service offering dedicated GPU-equipped instances for experimentation and deployment of AI/ML projects via the cloud. The service has already been used by companies such as Bytes, Dumuso, JourneyFoods, Progressify, Precise Finance, and Rize.
- Financial services platform Domuso used MindsDB's AutoML solution to create and implement a reliable ML model, resulting in a $95,000 reduction in chargebacks over two months, potentially saving around $500,000 annually.