Mem0 raises $24 million from Basis Set Ventures, Peak XV Ventures, others

San Francisco-based startup Mem0, which builds memory infrastructure for AI agents, has raised $24 million in a funding round led by Basis Set Ventures, with participation from Peak XV Partners, Kindred Ventures, GitHub Fund, and Y Combinator.

The round also saw participation from several technology executives, including Scott Belsky, Dharmesh Shah, and CEOs such as Olivier Pomel (Datadog), Paul Copplestone (Supabase), James Hawkins (PostHog), Thomas Dohmke (ex-GitHub), and Lukas Biewald (Weights & Biases).

Founded in 2023 by Taranjeet Singh and Deshraj Yadav, Mem0 provides a memory layer for AI agents, which are software systems powered by large language models (LLMs) that perform automated tasks. Its platform enables these systems to recall prior user interactions and preferences, improving contextual understanding over time.


Mem0’s infrastructure uses techniques such as data categorisation, confidence metrics, and decay parameters to retrieve relevant information efficiently. The company says developers can integrate memory into AI systems with minimal code and persistent contextual continuity.

“Every agentic application needs memory, just as every application needs a database,” said Singh, cofounder and CEO of Mem0. “We’re using this funding to become the default memory layer for AI agents and LLMs.”

The fresh capital will be used to expand Mem0’s engineering team, develop enterprise-focussed features, and strengthen partnerships with major AI platforms.

According to the company, its application programming interface (API) calls grew from 35 million in Q1 to 186 million in Q3 2025. This number represents the number of times developers used Mem0’s platform to store or retrieve AI memory data. Its platform has been integrated into frameworks such as CrewAI, Flowise, and Langflow, and claims to be the exclusive AI memory provider for Amazon Web Services’ new Agent SDK.

Mem0’s founders previously worked with companies like Tesla, Paytm, and Khatabook.

“Memory infrastructure is becoming mission-critical for AI personalisation. Imagine a world where all your memories, context, and preferences are stored in a database — portable across apps through a single `memory sign-on‘. We are excited to partner with Taranjeet and Deshraj at Mem0, which has seen adoption by thousands of developers in leading AI companies,” said Arnav Sahu, partner, Peak XV.