Mem0 raises $24M from YC, Peak XV and Basis Set to build the memory layer for AI apps (techcrunch.com)

Mem0, a YC-backed startup, announced $24 million in funding (a $20M Series A led by Basis Set plus $3.9M of earlier seed) to build a portable “memory layer” for AI apps. The company—founded by former Paytm/Khatabook growth engineer Abhishek Singh and ex-Tesla Autopilot AI Platform lead Deshraj Yadav—says its open-source API is the most widely adopted memory framework for developers, with 41k+ GitHub stars, 13M+ Python downloads, and rapid usage growth (35M API calls in Q1 2025 to 186M in Q3, roughly 30% month-over-month). Mem0’s cloud has 80k+ dev signups and now handles more memory operations than any other provider, serving as the exclusive memory provider for AWS’s new Agent SDK. Technically, Mem0 provides a model-agnostic “memory passport” that lets applications store, retrieve, and evolve user memory across models, agents, and platforms—compatible with OpenAI, Anthropic, and open-source LLMs and integrable with LangChain and LlamaIndex. That portability targets a growing pain point: labs are building long-term memory as a competitive moat, but Mem0 aims to make memory interoperable for developers building personalized assistants, therapy bots, finance companions, and copilots. The new funding and notable backers (including Peak XV, GitHub Fund and several prominent angels) underscore investor belief that persistent, shareable memory is foundational infrastructure for next-generation AI experiences.