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

TechCrunchTechCrunch · 23h ago
Mem0 raises $24M from YC, Peak XV and Basis Set to build the memory layer for AI apps
Medial

Smallest.ai, a voice AI startup founded in 2024 by ex-Bosch engineers Sudarshan Kamath and Akshat Mandloi, has raised $8M seed funding led by Sierra Ventures with 3one4 Capital and Better Capital. The company builds ultra-fast, compact text-to-speech models for contact centers and enterprise use. Its flagship Lightning model generates 10 seconds of speech in 100 milliseconds, while the new Electron v2 (4B parameters) delivers low-latency responses (53ms TTFT) with output quality rivaling much larger models. Smallest.ai enables voice cloning from as little as 15 seconds of audio, offers industry-specific customization, and supports on-prem deployment for security-sensitive sectors. The funding will fuel expansion into retail, healthcare, and technology markets.

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Mem0 raises $24 Mn in Series A round

EntrackrEntrackr · 13h ago
Mem0 raises $24 Mn in Series A round
Medial

Mem0 raises $24 Mn in Series A round Mem0, a memory infrastructure platform for AI agents, has raised $24 million in its Series A round led by Basis Set Ventures, with participation from Peak XV Partners, Kindred Ventures, GitHub Fund, and Y Combinator. Strategic investors in the round include executives from Datadog, Supabase, PostHog, GitHub, and Weights & Biases. The proceeds will be used to expand engineering, support enterprise deployments, and form new partnerships with AI platforms and tooling ecosystems. Developers can access Mem0 through its API and open-source repository at www.mem0.ai. Founded in 2023 by Taranjeet Singh and Deshraj Yadav, Mem0 provides a production-ready memory layer that developers can integrate with a few lines of code. The system extracts and stores information from user interactions, resolves conflicting facts, applies confidence scoring, and retrieves relevant context. The platform is used to enable personalization and continuity in AI agent workflows. The firm reports 41,000 GitHub stars, 14 million Python package downloads, and an increase in API calls from 35 million in Q1 to 186 million in Q3 2025. According to the company, thousands of teams across startups and large enterprises use Mem0 in production. Frameworks including CrewAI, Flowise, and Langflow have integrated Mem0, and AWS has selected Mem0 as the memory provider for its Agent SDK. Developers use Mem0 to add persistent memory to large language model applications without building custom pipelines. The company positions itself as a core component of AI agent architecture, similar to authentication or databases.

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