Mem0 Raises $24M Other

Mem0, a company based in Kanpur, India, and San Francisco, CA (USA), provides a memory infrastructure platform designed for AI agents. The company has successfully raised USD 24 million in a combined seed and Series A funding round.

Investors

The funding round was led by Basis Set Ventures. Participating investors included Peak XV Partners, Kindred Ventures, GitHub Fund, and Y Combinator. Strategic investors also joined, including technology leaders Scott Belsky and Dharmesh Shah, alongside CEOs of infrastructure companies such as Olivier Pomel of Datadog, Paul Copplestone of Supabase, James Hawkins of PostHog, Thomas Dohmke, and Lukas Biewald of Weights & Biases.

Mem0 Use of Funds

Mem0 intends to utilize the new capital to expand its engineering team, enhance its memory capabilities specifically for complex enterprise applications, and establish partnerships with prominent AI platforms and frameworks.

About Mem0

Founded in 2023 by Taranjeet Singh and Deshraj Yadav, Mem0 offers a production-ready memory layer that is easy to integrate into applications. This platform enables AI agents to extract, store, and retrieve contextual information from user interactions, effectively resolve conflicting facts, and apply confidence scoring to improve personalization and continuity in AI-driven workflows.

Funding Details

Company: Mem0
Raised: $24M
Round: Seed and Series A
Funding Date: May 3, 2026
Lead Investor: Basis Set Ventures
Additional Investors: Peak XV Partners, Kindred Ventures, GitHub Fund, Y Combinator, Scott Belsky, Dharmesh Shah, Olivier Pomel, Paul Copplestone, James Hawkins, Thomas Dohmke, Lukas Biewald
Software Category: AI Infrastructure
Company Website: https://mem0.ai
Source: https://news.ventureintelligence.com/private-equity/memory-infrastructure-platform-for-ai-agents-mem0-raises-%2424-m-led-by-basis-set-ventures