MetaMind
AI platform for natural language processing, image understanding, and knowledge base analytics.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
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MetaMind operated as an artificial intelligence and deep learning company, founded in Palo Alto in 2014 by Richard Socher and Sven Strohband. Socher, who served as CEO, brought a formidable academic background to the venture, having completed his Ph.D. in computer science at Stanford University, where his research focused on deep learning and natural language processing (NLP). His work is widely recognized for introducing neural networks to the NLP field.
The company secured $8 million in a seed funding round in December 2014, with notable investors including Khosla Ventures and Salesforce CEO Marc Benioff. MetaMind's core business involved providing enterprises with advanced AI solutions through a platform of pre-designed modules. These modules addressed complex data problems across computer vision (image classification and localization), language (sentiment analysis and text classification), and databases (trend prediction). The firm’s technology aimed to simplify and automate decision-making by analyzing large volumes of unstructured data with greater speed and accuracy.
MetaMind’s business model was based on providing its deep learning platform to clients, which could be used to automate and personalize processes like customer support and marketing automation. On April 4, 2016, Salesforce acquired MetaMind for a reported $32.8 million. Following the acquisition, MetaMind's technology was slated for integration into the Salesforce platform to enhance its data science and AI capabilities, and Socher became the Chief Scientist at Salesforce. The standalone MetaMind product was discontinued for users shortly after the acquisition.
Keywords: deep learning, artificial intelligence, natural language processing, computer vision, Salesforce acquisition, Richard Socher, enterprise AI, text classification, sentiment analysis, image recognition, machine learning platform, AI solutions, data analysis, unstructured data, automated predictions, Palo Alto startup, Khosla Ventures, Marc Benioff, enterprise software, CRM AI