Mem0, pronounced as “mem zero”, just closed their $24 million Series A funding round. This comprises $3.9 million in previously undisclosed seed funding, along with a $20 million Series A investment. Basis Set Ventures was the lead on the Series A round. Retaining support from its existing investors like Kindred Ventures and Y Combinator, new supporters were attracted including Peak XV Partners and the GitHub Fund. This funding will enable Mem0 to tackle one of the most significant infrastructure challenges in artificial intelligence: building lasting, contextual memory for AI systems.
Join our small but mighty four-person team to help propel the company’s mission. More importantly, they make it possible for developers to do day-one personalization through a connected memory network. Taranjeet Singh, co-founder and CEO, is clear about the importance of this technology as AI disruption is ongoing. He contends that the larger AI labs have no incentive to develop memory systems that are portable or interoperable.
Singh’s journey with Mem0 truly started after he exited his last job in late 2022. He gained notable experience by building one of the first GPT app stores, which scaled to over one million users. Singh’s groundbreaking vision and leadership has been the catalyst for Mem0’s exponential growth. By the first quarter of 2025, the startup was processing a whopping 35 million API calls.
In a fateful reconnect, Singh was able to bring on board, through his move to the U.S., Deshraj Yadav, co-founder and CTO of Mem0. Most recently, Yadav was leading the AI Platform at Tesla Autopilot. Collectively, they tinkered with Embedchain while concurrently shipping a meditation app that’s an offshoot of Indian yoga guru Sadhguru. Their shared experience is sure to set them up to make a real impact in the area of AI memory.
With more than 80,000 developers presently studying Mem0’s cloud support, it is built up indication of reputation. Singh refers to the technology as a “memory passport.” It allows for AI memory to move easily with users between apps and agents. This innovation is especially timely as potential users have run into the limitations of current applications. One user remarked, “Hey, I’m on this meditative journey, but the app doesn’t remember that.”
According to Singh, the strategic significance of memory space is key to understanding long-term AI development. “Memory is becoming one of their key moats now that LLMs are getting commoditized,” he stated. Early investors such as Lan Xuezhao saw Mem0’s potential from the beginning. Their optimism about the duration of the project feeds this narrative. “We backed Mem0 from its earliest days — even before YC — because memory is foundational to the future of AI,” he said.
Singh seems to have made an effort to bring support together for Mem0. The second thing was he doggedly pursued personally, proactively the tech entrepreneurs and effectively teased them out. I think I wrote to every one of these well-known tech entrepreneurs, as you would have seen, and followed up mercilessly. A few of them accepted and booked us to fly from Bangalore to San Francisco in less than 36 hours,” he remembered.
Mem0 is poised to revolutionize AI-enabled applications. It will simultaneously enhance their ability to responsibly retain and use user data by addressing real challenges in memory management. The funding will provide impactful support for both deployment of infrastructure and ongoing development of technology. This will in turn help to improve user experiences on all AI platforms.