BeyondMinds is an Israeli startup in the field of artificial intelligence which develops what it calls a universally applicable and easily adaptable AI solution. The company just raised $15 million from Israeli venture capital fund Grove Ventures and private investor Marius Nacht.
Advancement in the development of artificial intelligence is one of Startup Nation’s successes.
Founded in 2018 by CEO Rotem Alaluf and Or Kremer, BeyondMinds has a new paradigm for deploying production-grade AI solutions across enterprises. The company boasts that it has developed the world’s first modular AI technology stack to solve the challenges that currently hold back enterprise AI adoption.
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Called BeyondMinds Modular Engine, BME for short, the company’s solution allows users to create hyper-customized AI products that cater to the unique data and business needs of each company.
“We are achieving wide-market adoption with a relentless focus on production. We are excited by the breakthroughs being made on the academic level and have created an enterprise grade, scalable AI architecture to ensure production systems deliver business value from day one through day forever,” said Rotem Alaluf, the 30-year-old co-founder and CEO of BeyondMinds.
— BeyondMinds (@BeyondMindsAI) November 19, 2020
“Grove Ventures is excited to co-lead the round and partner with BeyondMinds and its incredibly strong team of brilliant minds,” said Lotan Levkowitz, General Partner at Grove Ventures. “In recent years, we are monitoring AI innovation closely and the implications it will have on growing organizations. BeyondMinds’ technology is already gaining traction with some of the world’s largest companies, solving the most complex AI challenges for their customers as they successfully scale AI and gain a competitive edge.”
“We are happy to join and help the exceptional team at BeyondMinds to scale their business, and are excited to see how their innovative AI technology, groundbreaking approach and vision positively influence companies throughout their AI transformation.” said Ophir Shoham, former Director of Defense R&D Directorate at the Israeli Ministry of Defense (MAFAT) who co-led the round on behalf of Marius Nacht. “BeyondMinds will help scores of companies attain the promise of AI, strengthen their business models, and dominate their categories.”
BeyondMinds plans to invest significant efforts in supporting broad-scale adoption of AI in the US market.