Israeli Startup BeyondMinds Raises $15M For AI-As-A-Service Solution

Israeli startup BeyondMinds raised $15 million in a funding round co-led by Israeli venture capital fund Grove Ventures and private investor Marius Nacht, co-founder of Israeli cybersecurity firm Check Point Software and health tech VC firm aMoon Fund.

Founded in 2018, BeyondMinds provides AI-as-a-service for enterprises, making customized, production-grade AI solutions accessible and scalable. The company says its customer base includes Microsoft, Samsung, KPMG, and leading defense companies and financial institutions.

“We are achieving wide-market adoption with a relentless focus on production,” said Rotem Alaluf, the founder and CEO of BeyondMinds. “We are excited by the breakthroughs being made on the academic level and have created an enterprise grade, scalable AI architecture to ensure production systems deliver business value from day one through day forever.”

“In recent years, we are monitoring AI innovation closely and the implications it will have on growing organizations. BeyondMinds’ technology is already gaining traction with some of the world’s largest companies, solving the most complex AI challenges for their customers as they successfully scale AI and gain a competitive edge,” said Lotan Levkowitz, General Partner at Grove Ventures.

With offices in Tel Aviv and New York, BeyondMinds said it will use the funds to fuel the ongoing development of its AI solution, and strengthen the company’s management team.

“We are happy to join and help the exceptional team at BeyondMinds to scale their business, and are excited to see how their innovative AI technology, groundbreaking approach and vision positively influence companies throughout their AI transformation.” said Ophir Shoham, former Director of Defense R&D Directorate at the Israeli Ministry of Defense (MAFAT) who co-led the round on behalf of Nacht. “BeyondMinds will help scores of companies attain the promise of AI, strengthen their business models, and dominate their categories.”