Author(s: TowardsAI Team MindsDB Announces Partnership with Snowflake SingleStore & Datastax San Francisco (CA) — November 1, 2017 — MindsDB is an open-source machine intelligence (ML) startup. Today MindsDB announced an investment by Walden Catalyst Ventures. This brings MindsDB’s seed round total to $7.6M. Walden Catalyst Ventures now joins YCombinator and OpenOcean, the venture fund created by the makers of MySQL and MariaDB), SpeedInvest and the University of California Berkeley SkyDeck. MindsDB is a platform that democratizes ML. It gives enterprise databases “a mind” and drives better data-driven business decisions. Enterprises don’t need to be AI experts or developers to use MindsDB. MindsDB allows companies to leverage machine learning capabilities using standard SQL knowledge. This allows enterprises to reduce development costs and accelerate machine learning. The platform has been used for many purposes, including forecasting the risk of heart attack and forecasting insurance premiums. Partners at Walden Catalyst Ventures Shankar Chandran stated that enterprises urgently needed to link their systems and databases with new innovations in machine-learning. The breakthrough innovation MindsDB offers customers with access to these models within minutes. MindsDB’s Co-Founder Jorge Torres said, “Bringing machine learning models into the data also has an exponential effect on operations, governance and compliance that will drive further enterprise values.” MindsDB announced today partnerships with SingleStore, Snowflake and DataStax, which are based on Apache CassandraTM, to link its machine learning platform with these databases. MindsDB customers can turn their data into predictive engines through these partnerships. MindsDB’s advanced ML is available within these platforms. Tarik Dwiek from Snowflake, Head of Technology Alliances said that MindsDB allows organizations to speed up the creation of AI apps for enterprise and build machine learning models quickly over multivariate data-series using standard SQL commands. As part of this partnership, we are looking forward to providing these benefits to Snowflake to accelerate the building of enterprise-grade data pipelines and applications with Snowpark. Oliver Schabenberger is Chief Innovation Officer at SingleStore. The seamless integration of MindsDB with SingleStore allows customers to deploy complex AI applications on a large scale. This will allow them to accelerate their development and deployment. This type of ability is expected by developers with minimal complexity,” stated Sam Ramji from DataStax’s Chief Strategy Office. Astra DB is now available to all enterprises, allowing them to use MindsDB and Open Source-based machine learning in order to speed up decision making and innovation. This will allow them to reduce risk and liability, as well as provide better user experiences.
MindsDB Secures $7.6M Seed Investment to Democratize Machine Learning.
