India, Oct. 29 -- AI startup Mem0 has raised $24 Mn (INR 211.7 Cr) in a combined seed and Series A funding round led by Basis Set Ventures. Other investors including Peak XV Partners, Kindred Ventures, GitHub Fund, Y Combinator, and several angel investors also participated in the round.

Founded in 2023 by ex-Khatabook executive Taranjeet Singh and ex-Tesla senior autopilot engineer Deshraj Yadav, Mem0 offers a memory infrastructure layer for AI agents, enabling LLMs to deliver personalised user interactions.

The startup plans to utilise the fresh capital to expand its engineering team, enhance memory capabilities for complex enterprise use cases and establish partnerships with major AI platforms and frameworks.

"Every agentic applicat...