Mem0 Secures  Million to Power AI Memory Infrastructure

Mem0 Secures $24 Million to Power AI Memory Infrastructure

Key Points

  • Mem0 raised $24 million, led by Basis Set Ventures with participation from Peak XV, Y Combinator, and notable angels.
  • The startup offers a model‑agnostic memory framework that works with OpenAI, Anthropic, and open‑source LLMs.
  • Integrations include LangChain and LlamaIndex, enabling developers to add persistent memory to AI apps.
  • Open‑source API has attracted over 41 000 GitHub stars and more than 13 million Python package downloads.
  • Cloud service serves over 80 000 developers and processed hundreds of millions of API calls in 2025.
  • Mem0 is the exclusive memory provider for AWS’s new Agent SDK.
  • Founders pivoted from the Embedchain project after identifying a need for AI memory across applications.
  • Company positions itself as a neutral, interoperable “memory passport” for AI developers.

Mem0 raises $24M from YC, Peak XV and Basis Set to build the memory layer for AI apps

Funding and Investor Support

Mem0 announced a $24 million financing round that includes a $20 million Series A and prior seed funding. Basis Set Ventures led the Series A, with additional backing from Peak XV Partners, Y Combinator, and existing investors such as Kindred Ventures. The round also attracted notable angels, including Dharmesh Shah, Scott Belsky, Olivier Pomel, Thomas Dohmke, Paul Copplestone, James Hawkins, Lukas Biewald, Brian Balfour, Philip Rathle, and Jennifer Taylor.

Product Vision and Technology

Mem0 positions its offering as a “memory passport” for AI, enabling large language models to retain context across interactions and applications. The framework is model‑agnostic, supporting OpenAI, Anthropic, and open‑source LLMs, and integrates with popular development tools such as LangChain and LlamaIndex. By providing a portable, neutral memory layer, Mem0 aims to let developers build personalized AI experiences—like finance companions or therapy bots—that remember user history without being locked into a single AI provider.

Adoption and Community Growth

The open‑source API has become widely adopted, accumulating more than 41 000 stars on GitHub and exceeding 13 million downloads of its Python package. Mem0’s cloud service now supports over 80 000 developers and has processed 35 million API calls in Q1 2025, rising to 186 million calls by Q3, reflecting rapid month‑over‑month growth. The platform also serves as the exclusive memory provider for Amazon Web Services’ new Agent SDK.

Market Context and Competitive Landscape

Industry leaders such as OpenAI are experimenting with long‑term memory features in their products, underscoring the strategic importance of memory for AI. Mem0 differentiates itself by focusing on interoperability and portability, arguing that large AI labs have little incentive to make memory solutions open and reusable. The company sees itself as a “Plaid for memory,” offering a shared network that developers can leverage to deliver day‑one personalization.

Founders and Background

Co‑founders Taranjeet Singh and Deshraj Yadav bring experience from building AI‑related platforms, including the open‑source project Embedchain and the Kaggle‑style EvalAI. Their earlier ventures highlighted a market need for AI applications that retain user context, leading them to pivot to Mem0.

Source: techcrunch.com