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Mind Foundry is an artificial intelligence company that is headquartered in Oxford, Oxfordshire. The company is a spin-out of the University of Oxford and was founded by two professors of machine learning at the university, Professor Stephen Roberts and Michael Osborne. The company specialises in “AI for high-stakes applications”. Mind Foundry primarily operates in three sectors: Insurance, Infrastructure, and Defence & National Security.

History:

Mind Foundry was founded in 2016 out of the Machine Learning Research Group at the University of Oxford by professors Stephen Roberts and Michael Osbourne.

Mind Foundry received investment from Oxford Science Enterprises(OSE) and Parkwalk Advisors in an initial seed round in 2016.

Both OSE and Parkwalk Advisors invested further in Mind Foundry in 2017 and 2019.

In 2020 Mind Foundry raised $13.6 million in a series A funding round that was led by Aioi Nissay Dowa Insurance Company Ltd, part of the MS&AD Insurance Group, who are strategic partners of Mind Foundry. Other investors in the series A round included Parkwalk Advisors, Oxford Sciences Innovation, the University of Oxford, and the Oxford Technology and Innovations EIS Fund.

In February 2023 it was announced that Mind Foundry would be joining Aioi Nissay Dowa in opening a commercial research and development laboratory in Oxford called the Aioi R&D Lab - Oxford to explore applications for AI and machine learning within the insurance industry.