The funding was led by Monta Vista Capital, with other investors, including Momenta joining the round. As part of the financing, minds.ai welcomes Venkatesh Shukla from Monta Vista Capital and Michael Dolbec from Momenta to its board of directors.

minds.ai dramatically improves the efficiency and productivity of semiconductor manufacturing processes. This includes enabling more semiconductor wafers to be produced faster with less waste at a lower cost, reducing the number of scraped wafers, and speeding up the design and planning processes. Founded in 2014, minds.ai is headquartered in Silicon Valley with offices in Amsterdam and Bangalore.