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Enterprise Applications Series B Founded 2021

Read AI

Mem0 is a developer of an AI memory layer for large language model applications that enables AI agents and apps to continuously learn from past user interactions, enhancing their intelligence and personalization across sessions. The platform provides persistent context infrastructure with a memory compression engine that automatically condenses chat history into compact memories, reducing token costs and latency…

📍 Seattle, United States · Enterprise Video,

Funding snapshot

Last roundSeries B
Amount$50M
Date28 October 2024
Total raised$81M
Valuation450,000,000 (Oct 28, 2024)
Team size113

About

Mem0 is a developer of an AI memory layer for large language model applications that enables AI agents and apps to continuously learn from past user interactions, enhancing their intelligence and personalization across sessions. The platform provides persistent context infrastructure with a memory compression engine that automatically condenses chat history into compact memories, reducing token costs and latency while preserving relevant context. Mem0 supports a simple three-step workflow: users add input data, the system extracts and updates memories, and then retrieves key memories as users interact. The platform serves use cases across healthcare, education, e-commerce, customer support, and sales and CRM, with specialized applications including patient care assistants, chronic condition companions, and therapy progress trackers. Mem0 is SOC 2 Type 1 and HIPAA compliant, supports bring-your-own-key encryption, and can be deployed on Kubernetes, private cloud, or air-gapped environments with full audit logging. The platform offers SDKs for Python and Node.js with over 90,000 developers building on the infrastructure. Founded in 2023 and headquartered in San Francisco, California, Mem0 has raised $24.5 million in Series A funding from investors including Y Combinator, Basis Set Ventures, Peak XV Partners, Kindred Ventures, GitHub, and M12.

Business model

Enterprise Collaboration > Meeting Collaboration > Meeting Assistant,

Enterprise Video > Video Communication > Video Conferencing > Meeting Assistant

Institutional investors

Goodwater Capital Madrona Smash Capital Pioneer Square Labs Imran Khan David Joerg Oren Etzioni Shane Atchison Jason Burby Bill Richter Peter Sellis Brian Ma Adrian McDole Nima Khajehnouri Paul Sutter

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