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Venture Capital
FINANCE | Investment Firms & Funds
mayfield.com

Investments

1036

Portfolio Exits

241

Funds

39

Partners & Customers

1

Service Providers

2

About Mayfield

Mayfield is a global venture capital firm with a people-first philosophy and a track record of inception and early-stage investing, partnering with founders to build enterprise, consumer, and engineering biology companies. The company was founded in 1969 and is based in Menlo Park, California.

Headquarters Location

2484 Sand Hill Road Quadrus Complex, Bldg 4

Menlo Park, California, 94025,

United States

650-854-5560

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Expert Collections containing Mayfield

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

Find Mayfield in 2 Expert Collections, including Food & Beverage .

F

Food & Beverage

123 items

T

The Edge Computing Landscape

113 items

Edge computing companies facilitate workload deployment in addition to providing data processing and storage at the farthest reaches of the network. These edge computing companies range from data centers at the edge to workload management tools designed to orchestrate edge deploy

Research containing Mayfield

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

CB Insights Intelligence Analysts have mentioned Mayfield in 1 CB Insights research brief, most recently on Nov 18, 2021.

Latest Mayfield News

AI startup MindsDB aims to help every developer be a machine learning engineer. Here's the pitch deck it used to raise $25 milli...

Jun 2, 2023

AI startup MindsDB just raised a $25 million seed extension round led by Mayfield. The round comes less than three months after it raised a $16.5 million round led by Benchmark. MindsDB's software helps developers use machine learning to build AI applications easily. The founders of MindsDB aims to help software developers worldwide perform the roles of machine-learning engineers. The company's software allows developers to take their massive amounts of data and apply machine-learning frameworks to their applications. It also integrates with over 100 different data sources, including machine-learning engines like OpenAI and Hugging Face. Founded in 2017, MindsDB is now gaining the interest of investors as AI has become the talk of the town in tech. In February, the startup announced $16.5 million in funding led by Benchmark . And now, less than three months later, the startup has raised another $25 million in a seed round extension, this time led by Mayfield Fund and its managing director Navin Chaddha . Benchmark and TQ Ventures also participated in the round. "We believe there is a once in a generation opportunity," Chaddha said of MindsDB's technology, which sits in a unique area between AI frameworks and data layers. "That's why we are excited that this middle tier will allow any developer to build AI applications without knowing anything about ML [machine learning] or artificial intelligence." MindDB's cofounders Jorge Torres and Adam Carrigan were college buddies at The Australian National University and started the company well before machine-learning and AI became household terms. The company's software initially began as an open source project, but has now matured enough to commercialize as a software-as-a-service product, says Torres, who serves as MindsDB's CEO. That transition has been a bit serendipitous as last fall's release of OpenAI's Chat-GPT has caused a massive surge in interest from not only investors, but everyday consumers in AI and machine-learning. Torres says the transition to commercializing MindDB's software really kicked into gear earlier this year after the startup got investor interest from Benchmark general partner Chetan Puttagunta. At the time the startup had around 15 customers paying for the company's software, but since then, that number has exploded to 82 paying clients. MindsDB initially had a goal to reach 200 SaaS customers by the end of 2024, but the company will likely reach that mark by the end of July or early August, Torres said. The massive customer growth has given the company a bit of catching up to do with some of the features it had initially had a two-year horizon to build. "So there will be a lot of fires that we have to be putting down in the next three months in terms of engineering," Torres said. "Right now, level of stress is 120%, but it's because of a good reason." MindsDB's revenue has grown 150% every month since March and is on pace to double that by July, according to the company. The company currently has 25 employees and is opening an office in San Francisco, but is also exploring building an engineering hub in Europe. MindsDB pitch deck

Mayfield Investments

1,036 Investments

Mayfield has made 1,036 investments. Their latest investment was in MindsDB as part of their Series A - II on June 6, 2023.

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Mayfield Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/1/2023

Series A - II

MindsDB

$25M

Yes

6

5/31/2023

Series B

Vartana

$20M

No

7

5/24/2023

Unattributed VC

Retym

No

1

5/22/2023

Series B - II

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$99M

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10

5/18/2023

Seed VC - II

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$99M

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10

Date

6/1/2023

5/31/2023

5/24/2023

5/22/2023

5/18/2023

Round

Series A - II

Series B

Unattributed VC

Series B - II

Seed VC - II

Company

MindsDB

Vartana

Retym

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Amount

$25M

$20M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

6

7

1

10

10

Mayfield Portfolio Exits

241 Portfolio Exits

Mayfield has 241 portfolio exits. Their latest portfolio exit was BluSmart Mobility on May 16, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/16/2023

Shareholder Liquidity

$99M

1

2/8/2023

Acquired

$99M

7

12/13/2022

Acquired

$99M

34

12/12/2022

Acquired

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$99M

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10

10/12/2022

Acquired

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$99M

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10

Date

5/16/2023

2/8/2023

12/13/2022

12/12/2022

10/12/2022

Exit

Shareholder Liquidity

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

7

34

10

10

Mayfield Fund History

39 Fund Histories

Mayfield has 39 funds, including Mayfield Select III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/8/2023

Mayfield Select III

$375M

2

5/8/2023

Mayfield XVII

$580M

2

5/19/2020

Mayfield Select Fund I

$125M

8

5/19/2020

Mayfield XV

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$99M

10

3/25/2020

Mayfield Select II

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$99M

10

Closing Date

5/8/2023

5/8/2023

5/19/2020

5/19/2020

3/25/2020

Fund

Mayfield Select III

Mayfield XVII

Mayfield Select Fund I

Mayfield XV

Mayfield Select II

Fund Type

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Status

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Amount

$375M

$580M

$125M

$99M

$99M

Sources

2

2

8

10

10

Mayfield Partners & Customers

1 Partners and customers

Mayfield has 1 strategic partners and customers. Mayfield recently partnered with Solar on January 1, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

1/5/2022

Partner

Solar Energy International and Mayfield Renewables Team Up to Offer Online Energy Storage Training - Solar Energy International (SEI): Solar Training for Clean Energy Careers

Solar 's Executive Director , Elizabeth Sanderson , commented on the alliance , saying `` The partnership between Solar and Mayfield represents a renewed path toward collaboration between two of the top educators in the solar industry .

1

Date

1/5/2022

Type

Partner

Business Partner

Country

News Snippet

Solar Energy International and Mayfield Renewables Team Up to Offer Online Energy Storage Training - Solar Energy International (SEI): Solar Training for Clean Energy Careers

Solar 's Executive Director , Elizabeth Sanderson , commented on the alliance , saying `` The partnership between Solar and Mayfield represents a renewed path toward collaboration between two of the top educators in the solar industry .

Sources

1

Mayfield Service Providers

2 Service Providers

Mayfield has 2 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

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Service Provider

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Associated Rounds

Provider Type

Counsel

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Service Type

General Counsel

Partnership data by VentureSource

Mayfield Team

22 Team Members

Mayfield has 22 team members, including , .

Name

Work History

Title

Status

Wally Davis

Founder

Current

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Name

Wally Davis

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Work History

Title

Founder

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Status

Current

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