Mem0 raises $24 million in Series A round from YC, Peak XV

Mem0, a company offering memory infrastructure for AI applications, has raised $24 million in its Series A funding round led by Basis Set Ventures.

The round also saw participation from Peak XV Partners, Kindred Ventures, GitHub Fund, and Y Combinator. Strategic investors include executives from Datadog, Supabase, PostHog, GitHub, and Weights & Biases, also took part in this round.

The startup plans to use the funds to expand engineering, support enterprise deployments and form new partnerships with AI platforms and tooling ecosystems. 

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"Every agentic application needs memory, just as every application needs a database," says Taranjeet, Co-founder and CEO of Mem0. "We're using this funding to become the default memory layer for AI agents, making LLM memory accessible and reliable for all developers."

About Mem0 

Founded in 2023 by Taranjeet Singh and Deshraj Yadav, Mem0 offers an easy to use memory infrastructure that developers can add with just three lines of code. It stores key information from past interactions, removes outdated or conflicting data, and recalls relevant details when needed.

Since launch, the platform has gained 41,000 GitHub stars and 14 million downloads, with API calls rising from 35 million in Q1 to 186 million in Q3 2025.

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Thousands of teams—from startups to Fortune 500 companies—use Mem0 in production. It’s also built into frameworks like CrewAI, Flowise, and Langflow, and has been chosen by AWS as the exclusive memory provider for its Agent SDK.

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