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BeyondMinds

beyondminds.ai

Founded Year

2018

Stage

Dead | Dead

Total Raised

$15M

About BeyondMinds

BeyondMinds ceased operations on May 23rd, 2022. BeyondMinds creates an AI engine that solves real-world business problems with AI. Among BeyondMinds’ clients are household brands such as Microsoft, Samsung, and KPMG, as well as large defense sector organizations and leading financial institutions. Beyond Minds was founded in 2018 and is based in Tel Aviv, Israel.

Headquarters Location

Yigal Alon 94 34th Floor

Tel Aviv, 6473925,

Israel

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BeyondMinds's Products & Differentiators

    Defect detection

    A unique Anomaly and Object detection flow allow fast onboarding of new product with small amount of labeled images No-code and easy-to-use system that allow manufacturing personal to operate and scale up with new parts. Reducing effort from days to hours Detect, track, & classify defects to distinguish between acceptable anomalies vs. defects Complete feedback, monitoring and maintenance solution to enhance the system performance and robustness over time

Research containing BeyondMinds

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned BeyondMinds in 2 CB Insights research briefs, most recently on Oct 17, 2022.

Expert Collections containing BeyondMinds

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

BeyondMinds is included in 2 Expert Collections, including Artificial Intelligence.

A

Artificial Intelligence

9,442 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

D

Digital Health

8,838 items

Startups recreating how healthcare is delivered

Latest BeyondMinds News

BeyondMinds closure a watershed for Israeli tech

May 24, 2022

BeyondMinds closure a watershed for Israeli tech As changed market conditions bite, the era that hallowed technology is giving way to an era that's meaner and less patient. Last week, it seemed as though the falls in the public stock markets were mainly affecting the fringe of the technology industry. Only a week ago, we were still living under the impression that the companies that would pay the price of inflation, higher interest rates and a more conservative approach by technology investors would be companies with adventurous business models such as groceries delivery company Avo. That company was always on dangerous ground: it hired hundreds of employees within a short time, maintained its own warehouses and stocks, and in general behaved more like a logistics company than a technology company. It's no surprise that the Rami Levy supermarket chain wanted to take on the employees that Avo has been forced to shed over the past few weeks. What happened in one of the Alon Towers in Tel Aviv at the end of last week, however, when the CEO of enterprise AI solutions company BeyondMinds informed his 65 employees that he was shutting down the company, could go down as the first blow in a real crisis in the local tech industry. This is not a matter of a company powered by high tech, a consumer end-product company in retail or e-commerce. BeyondMinds was part of the core of the Israeli tech industry. It developed automatic machine learning technology that facilitated the creation of smart models for various applications, such as improving the operations of a production line or a financial system. In this field, it competed with Pecan , another Israeli company, that has so far raised $116 million. The company admits that it was in negotiations on a sale for while, but that these came to nothing because of the sharp change in the financial markets. In fact, several months ago it sought an "acquihire" deal, that is, an acquisition by a larger company mainly aimed at recruiting its employees rather than to take over its products and services. AI no longer so exciting The situation reached by BeyondMinds - complete closure and the disbandment of its workforce - shatters everything we thought about the Israeli tech industry. If in the past it seemed that any company connected in one way or another to artificial intelligence would become a unicorn, we have been proved wrong. Not every company that describes itself as a machine learning company manages to turn algorithms into gold. Even if it is headed by experienced experts, sometimes it simply takes too long. Sometimes the business model or the diversification over many lines of business can't support the development people, however good they are. Anyone who knows artificial intelligence encounters from time to time work that covers up for what the algorithms can't yet produce. That has far-reaching effects on costs. RELATED ARTICLES

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BeyondMinds Frequently Asked Questions (FAQ)

  • When was BeyondMinds founded?

    BeyondMinds was founded in 2018.

  • Where is BeyondMinds's headquarters?

    BeyondMinds's headquarters is located at Yigal Alon 94, Tel Aviv.

  • What is BeyondMinds's latest funding round?

    BeyondMinds's latest funding round is Dead.

  • How much did BeyondMinds raise?

    BeyondMinds raised a total of $15M.

  • Who are the investors of BeyondMinds?

    Investors of BeyondMinds include NVIDIA Inception and Grove Ventures.

  • Who are BeyondMinds's competitors?

    Competitors of BeyondMinds include ModelOp.

  • What products does BeyondMinds offer?

    BeyondMinds's products include Defect detection and 3 more.

  • Who are BeyondMinds's customers?

    Customers of BeyondMinds include RADA.

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