MEM0 raises $24M to build portable memory infrastructure for AI agents across apps and LLMs

What a legend. What a legend. That's one of the most legendary. It was uh tough to tough to follow. We have uh Taran Jeet coming in next from Memo. Uh I think that's how I pronounce it. Me zero. Uh he's in the reream waiting room. Uh how are you doing? Great to see you. Thank you so much for hopping on.

Really really tough one to follow on. Yeah. The last guest that IPOed he had champagne. He was drinking. Raised a belly. But uh I'm I'm excited for this. But thank you so much for hopping on the show. We're very excited to talk to you. Yeah. Like thank you for having me. Great to be here. Yeah.

Um uh talk to me about the business.

uh introduce yourself in the business and then I want to go really deep into how uh memory will actually transfer and and what the equilibrium of the market will be but we can go into all the technical or like market structure stuff after we kind of get the general news where the business is the shape of what you're building.

Thank you. So I am Taranjit. I'm the co-founder and CEO of MEM Zero. Mem is building memory for AI agents. Right now everybody is trying to create an AI app or AI agent. But there is a fundamental issue. All the apps are done because they are stateless. They don't evolve with you as humans evolve.

We are trying to fix that. Uh we are the uh so far we are the most dominant player in the market with like 41,000 GitHub stars, 14 million downloads and we recently announced 24 million funding. Thanks. Uh led by Basis Ventures with Kindred, P3C on GitHub. Total agent domination. Okay.

So, I mean, I I I I got to just jump straight into uh the actual market dynamic because I I have to imagine that uh right now OpenAI is saying where you're going to log in with OpenAI and we're going to store the memory because we want you locked to us as much as possible.

And for everything else uh that if we we want to build it within the app, we want to you know do we want one-click checkout in the app and if and if we going to send you out you're going to ow with chat GPT and so are you the Android to chat GPT's iPhone or is there a way that you can play together?

Is there a data privacy thing where I can go to Sam Alman and say, "Hey, look, I know I'm daily driving the Chat GPT app, but you got to let me take my data with me, my personalization data with me because I want to go out into the open open LLM ecosystem and interact with things all over the place.

" Yeah, I think that's a very good question and there are two ways to look at it. First, uh it's good that big labs are adding memory in their consumer offering.

They're actually educating the market that memory is needed and they have also realized that as models commoditized memory is the next mode and it's a matter of time that memory becomes available as an API but you know developers who are building all sorts of cool AI apps are using multiple LLMs. Mhm.

So in that scenario because memory is not just read only it's also write you would want to decouple it from LLMs out there. So that's like take one. M now the fundamental thing for why you know this is happening is you know we are going through a technological shift.

So far we have been interacting with click swipe and scroll but for the first time we are we and everyone on this planet is getting the ability to talk to software. You can chat with it. You can say a few words it will save back to you. So you as human I as human we accumulating rich personal context.

Now right now it's a handful of AI agents that we use on a day-to-day basis and we use like chart GPT cloud and you know other apps out there.

But five years down the line it's going to be a lot of apps in our life and imagine if I as a user or you as a user have to explain every app who you are that's going to be frustrating for you.

So in that scenario we we strongly envision and we strongly will make uh this uh plaid for AI kind of uh you know functionality out there wherein you as a user are empowered to carry to own and carry your AI memories across any app or device that you interact with. Okay.

So, if you're the plaid for memory and in the future I am using I mean this is a real story like I use Gemini all the time for V3. I also if I'm interacting with a YouTube video I'll always go to Gemini for that. Gemini is faster in a bunch of different places but I use the voice mode on chatbt.

I also use claude every once in a while. Like I have little memories all over the place. And if I'm in the Plat analogy, that's similar to having a Chase account over here, Morgan Stanley account over here, an Erade account over there, a BFA account, a credit card, all these things. And I want to bring those together.

Is is that something that you imagine I'll be able to do when someone comes out with a completely new product that they want to customize? I could go over, we were talking to Adobe or something, and then I could say, "Yeah, I'm going to off with memo.

" and uh and then I'm going to allow you to access my memories or my my yeah my memory in all of the other apps and and and port all of that in. Is that something that they would let you do? See that's uh that's the future that we feel is highly possible.

They won't I mean like big labs won't let you do because for them memory is one of the modes, right?

Yeah, but if you consider from other side of users like you know the world is not going to be just one app the world is going to be multiple apps right it's like open will be there is there claude is there right in that scenario once so right now it's like a technological shift so you and I can relate but not everyone on the planet right but soon they will relate and because of this new interface of voice like I will feel like why do I have to tell this software again and again why is this software so dumb in that scenario I think like users should be empowered to own and carry their memories.

So far it has not been the case because it's just been like clicks data you know your session history but now you're sharing a lot of personal rich context you should own it you should be saying that okay I give my healthcare memories to this app I give my financial memory to this this app and they are in sync I think that's a future that benefits everyone at least everyone on the planet yeah is cold email underrated [laughter] I I actually changed my life uh because of cold emails like I wrote like 200 cold emails to everyone almost everyone in Silicon Valley back in 2023.

I still write like a lot in this round also I still wrote like cold emails to angel investors. Uh I think uh it's the most valuable asset uh for everyone out there. You should be writing more cold emails. Everyone should be writing more cold emails. I love it. Uh handwritten or AI generated? What's it take?

No, I I still write like everything personally. I just take AI help to fix, you know, some grammar or some structural issues, but should be personally written. Yeah, the AI cold email. Hey, saw you're in New York. Hope you like I bet you like Central Park. Yeah. Do you like Starbucks?

[laughter] Uh anyways, uh congratulations on the fund raise. Uh it's great great to meet you and uh hopefully get to use uh Mem Zero out there in the wild very soon. Yeah, thank you for having me. Fantastic. We'll talk to you soon. Have a good one. Um I have uh the perfect post to end the show on Hit us. Hit me.

That is that um Tyler's Tyler's app is broken. Got Oh, taking shots. He's doing his best. Did you want to do the virality equals taste one? No, I wanted to do Mayab says, "I keep getting ads for cocaine on Facebook. " Oh, yes. Just using Linkree as a cloaking page. Kind of surprised this works.

And to that, I would say, how do you think who's going to pay for the capex, right? We got Okay, I see you're bringing it back to where we started the show with meta earnings.

Uh if you see this, you gota you got to assume uh you know the the you know whoever's running that ad advertising cocaine, they got to pay a pretty penny. They got to pay in their Facebook ads manager. This is so funny. There's a there's a reply here from this guy Zack. What data does Meta have on you?

And the Metab says, "I was in LA for a day.

" I guess [laughter] this was a thing um this was a thing on on Facebook of people advertising drugs and it is a game of whack-a-ole back and forth trying to catch people because the the lingo will change and the the way people are kind of dog whistling to each other that they have something illegal that they're selling.

Uh it's a it's a huge game of cat and mouse that the meta team is is kind of constantly working on.

Uh, and you see those same kind of uh like uh breathless, panicked uh news articles about like is Facebook like a hotbed for I guess cocaine in this case or or you know something else and you know variety of different uh adult content or whatever.

And uh it's always this like dance of like how much do they how much are they going to invest in trust and safety? How many people are going to be in the loop? How much AI are they going to throw at it? How are they going to have false positives?

Because what if you're just posting a meme about Tony's uh not Tony Soprano, Tony Montana. Tony Montana. Yeah. Our favorite song that we used in our in our launch video. If we post that, there's obviously a reference to elicit substances in there. Do you want that to be flagged? No, obviously not.

Uh and so um it's a it's a constant dance, but uh very funny that someone actually sni slipped this through the Facebook's ad review team. Uh, I have a funny story about the Facebook ad review team.

Uh, there was a time when you [snorts] could straight up like there there were companies there would companies that would basically go and find the individual ad manager who would approve who would have admin access to the the Facebook side of the ad manager.

And the company would go and put up an ad and try and get it approved and it would get shut down. And the ad would be like, "Harvard scientists created this limitless pill that's used by Johnny DApp. " It was always Johnny Dap, but it was always Harvard scientists.

And it would be a picture of Johnny Depp looking great and then Harvard scientists and it would link you to some scammy website that would sell you basically some fake uh fake neutropic or fake supplement. Uh and these ads were against terms of service. Like it's straight up snake oil.

Like it it's not even like there's no thesis of like oh is actually good for you. which is completely fake, but they realized that it would convert and it would be very high margin.

And so what they would do is they would go to uh the Facebook ad manager people and they would try and bribe them and say, "Hey, if you go in and you approve my ad, I'll put a $100 million of ad spend behind it and generate $200 million in revenue.

And if I can get that ad approved, if if you as just the individual ad manager can go and tweak the back end. " And so, uh, there's like a constant war even inside the organization to make sure that nothing illicit is happen.

I heard something interesting recently, uh, that, uh, there's a a a a health influencer and people make AI videos of them just promoting random supplements on YouTube. So, they'll make an AI video, they'll post the video, and in the in the in the um description, they'll put links out to products. Okay?

And YouTube does not it will not systematically identify the content themselves. It's just they say that we support AI video. Sure. And so uh this influencer is paying another AI service to consistently monitor for these videos and then report them automatically. Y but they have to spend $10,000 a month.

It's 10 grand a month on the service because it's super it's super intensive from a and and this influencer like needs to uh so you can imagine somebody's you know I know exactly what you're talking about. Yeah, there's uh yeah it's a it's a constant war. It's a constant war.

The solution to bad AI is good good AI agents with guns. I guess [laughter] give your neo robot a Glock. Uh it needs to happen. Anyway, thank you so much for tuning in today. Thank you for listening to the show. We will see you tomorrow. It's Halloween. We have a special show for you. Please tune in.

Uh, leave us five stars on Spotify and Apple podcasts. Tomorrow is going to be for the books. Spooky. Spooky. It could be silly. Have a great Have a good one. And I can't wait. Goodbye. Have a great evening.