# MindMeld

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mindmeld

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.mindmeld.com
- Total disclosed funding: $15M
- Latest round: Series A (Dec 18, 2014)
- Investors on record: 13

## About

MindMeld, Inc. is a conversational AI company that develops advanced voice interfaces and chatbots, enabling seamless user experiences across various domains such as food ordering, entertainment, and smart home integration.Founded in 2011, MindMeld, Inc. is headquartered in San Francisco, US. The company specializes in conversational AI technology and was acquired by Cisco Systems, Inc. in May 2017 for USD 125 mn. The founder's prior history includes establishing significant ventures in tech, though specific details about previous companies are not available. MindMeld has completed a total of 9 deals with its most recent investment round being a Trade Sale leading to the full acquisition by Cisco.MindMeld is a conversational AI platform that specializes in the development of deep-domain voice interfaces and chatbots. The platform provides solutions for various applications, including food ordering, video discovery, and smart home assistance. Users can order food and drinks for delivery from nearby restaurants, discover movies and TV shows from an extensive content catalog, and control smart devices and appliances within their homes. MindMeld's technology leverages artificial intelligence and natural language understanding (NLU) to enhance user interactions and streamline processes. The company's products are utilized across various geographical markets, including North America, Europe, and Asia, serving a diverse clientele ranging from individual consumers to enterprises focused on enhancing customer engagement through conversational interfaces.MindMeld operates on a revenue model structured around business-to-business (B2B) transactions, where enterprises can integrate its conversational AI technology into their existing systems. Partnerships with companies in sectors such as food delivery, entertainment, and smart home technology facilitate the deployment of their solutions. MindMeld offers subscription-based pricing plans for access to its platform, enabling clients to build and customize their conversational applications. The revenue generated from these transactions is tied to the scale of deployment and the features utilized by clients, including flagship offerings like the Webex Assistant and other intelligent agent solutions.MindMeld's future growth strategy includes the ongoing development of new products aimed at enhancing its AI capabilities, although specific release dates are not disclosed. The company plans to expand its market presence into additional regions, with targeted growth in Asia and Europe by 2025. The recent acquisition by Cisco Systems, Inc. will support these initiatives by providing additional resources and technological synergies to enhance MindMeld's offerings and market reach.

## Funding rounds

- Series A, Dec 18, 2014, $13M — Intel Capital, Ridge Ventures, Samsung Venture Investment, Quest Venture Partners, USAA, Telefónica Digital, Pegasus Tech Ventures, Liberty Global Ventures, Westcott Investment Group
- Seed, Oct 4, 2012, $2.4M — Greylock Partners, Bessemer Venture Partners, Ridge Ventures, KPG Ventures, GV, Quest Venture Partners

## Investors

- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Seed
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Seed
- Ridge Ventures (https://capitalatlas.ai/funds/ridge-ventures) — Seed, Series A
- KPG Ventures (https://capitalatlas.ai/funds/kpg-ventures) — Seed
- GV (https://capitalatlas.ai/funds/gv) — Seed
- Quest Venture Partners (https://capitalatlas.ai/funds/quest-venture-partners) — Seed, Series A
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series A
- Samsung Venture Investment (https://capitalatlas.ai/funds/samsung-venture-investment) — Series A
- USAA — Series A
- Telefónica Digital — Series A
- Pegasus Tech Ventures (https://capitalatlas.ai/funds/pegasus-tech-ventures) — Series A
- Liberty Global Ventures (https://capitalatlas.ai/funds/liberty-global-ventures) — Series A
- Westcott Investment Group (https://capitalatlas.ai/funds/westcott-investment-group) — Series A