Singapore AI startup obtains $5m in Square Peg-led seed round

The Mindverse team / Photo credit: Mindverse

Mindverse, a Singapore-based AI startup, has obtained US$5 million in a seed funding round led by VC firm Square Peg.

The startup was founded in 2022 by former Meta executives and AI researchers. Its flagship products include MindOS Studio, which helps create AI-native websites with personalized chat experiences and interfaces, and Mebot, a productivity tool that learns and memorizes a user’s thoughts and preferences.

“We observed that people send emails to themselves when they think of something on the go, or when they come across a great article while they are browsing online,” said Felix Tao, Mindverse’s founder and CEO. “But these email threads are hard to organize and easy to forget.”

He noted that AI can help organize, retrieve, and regenerate one’s memories with ease, and is able to learn about one’s thinking patterns and preferences. As a result, it can provide more personalized services.

The startup will use the funding to further its research and product development to advance its large personalization model.

“We are in the midst of a generational AI shift that will move from generalized language models to personalized experiences (and) it is rare to find a team the caliber of Mindverse’s tackling this shift,” said Square Peg partner Tushar Roy.

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This story was republished with permission from The Business Times, which made the article available to its paying subscribers. It was moderately edited to reflect Tech in Asia’s editorial guidelines.