Mem0, a San Francisco-based memory infrastructure platform for AI agents, has raised $24 million in funding.
Investors
The funding includes a Seed round led by Kindred Ventures and a Series A led by Basis Set Ventures, with participation from Peak XV Partners, GitHub Fund, and Y Combinator, as well as strategic investors such as Scott Belsky, Dharmesh Shah, and CEOs from Datadog, Supabase, PostHog, ex-GitHub, and Weights & Biases.
Kindred Ventures is a venture capital firm based in San Francisco, California, specializing in pre-seed and seed-stage investments. The firm invests across diverse sectors like AI, fintech, climate tech, health, and Web3, with a hands-on, founder-first approach. Kindred manages over $500M in assets and has supported 100+ companies.
Basis Set Ventures is a San Francisco–based early-stage VC founded in 2017, focused on startups using AI and machine learning to boost productivity in areas like enterprise software, robotics, and workflow automation. With approximately $600M in AUM, the firm backs founders who align with their “AI-native” approach, combining deep domain expertise with operational guidance.
Mem0 Use of Funds
The proceeds will be used to accelerate platform development, expand integrations with AI frameworks, and scale its infrastructure.
About Mem0
Founded by Taranjeet and team in San Francisco, Mem0 provides production-ready memory infrastructure for AI agents. With a simple API that integrates in just three lines of code, Mem0 allows developers to build smarter, more personalized AI applications without reinventing memory systems from scratch. Its intelligent memory layer stores important information from past interactions, forgets irrelevant or outdated details, and recalls the most relevant context when needed. Since launch, Mem0 has achieved over 14 million downloads and 41,000+ GitHub stars.
Funding Details
Company: Mem0
Raised: $24.0M
Round: Seed, Series A
Funding Date: October 2025
Lead Investors: Kindred Ventures (Seed), Basis Set Ventures (Series A)
Additional Investors: Peak XV Partners, GitHub Fund, Y Combinator, Scott Belsky, Dharmesh Shah
Company Website: https://mem0.ai/
Category: AI Infrastructure / Agent Memory / Developer Tools
Source: https://www.prnewswire.com/news-releases/mem0-raises-24m-series-a-to-build-memory-layer-for-ai-agents-302597157.html