
Mind Foundry
Founded Year
2016Stage
Incubator/Accelerator | AliveTotal Raised
$18.82MAbout Mind Foundry
Mind Foundry operates as an artificial intelligence (AI) company specializing in developing solutions for applications across various sectors. The company offers a machine learning platform that facilitates the design, testing, and deployment of AI, emphasizing responsible and ethical use, transparency, and collaboration between humans and AI. Mind Foundry's products are utilized in industries such as insurance, defence and security, and government, supporting decision-making and operational efficiency. It was founded in 2016 and is based in Oxford, United Kingdom.
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Expert Collections containing Mind Foundry
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Mind Foundry is included in 3 Expert Collections, including Insurtech.
Insurtech
4,354 items
Companies and startups that use technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Artificial Intelligence
14,767 items
Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.
Fintech
13,396 items
Excludes US-based companies
Mind Foundry Patents
Mind Foundry has filed 1 patent.
The 3 most popular patent topics include:
- artificial intelligence
- classification algorithms
- data mining

Application Date | Grant Date | Title | Related Topics | Status |
---|---|---|---|---|
2/18/2020 | 8/20/2024 | Machine learning, Artificial intelligence, Classification algorithms, Data mining, Mathematical optimization | Grant |
Application Date | 2/18/2020 |
---|---|
Grant Date | 8/20/2024 |
Title | |
Related Topics | Machine learning, Artificial intelligence, Classification algorithms, Data mining, Mathematical optimization |
Status | Grant |
Latest Mind Foundry News
Sep 24, 2024
Insider Brief Third annual UK Quantum Hackathon, organized by the National Quantum Computing Centre, continues to nurture quantum talent and foster industry-academic collaboration. Winning projects in the Hackathon demonstrate quantum computing’s potential in sectors like insurance, telecommunications, and healthcare. The event builds on previous successes, helping to solidify the UK’s role in the discovery of applications for quantum computing Image: First Place team KL Divergents use case provided by: Mind Foundry and Aioi R&D Lab and the quantum computing resources provided by: Quantinuum, IonQ and Classiq Technologies. (Provided) The UK Quantum Hackathon 2024, held for the third consecutive year, continues to provide the resources to elevate the standards of innovation and collaboration in the quantum computing landscape. Organized by the National Quantum Computing Centre (NQCC ) as part of its SparQ user engagement program, this flagship event has rapidly become a cornerstone for nurturing quantum talent and demonstrating the practical applications of quantum computing in the UK. This year’s hackathon built on the successes of previous editions, which have consistently attracted a growing number of participants and industry partners. The NQCC’s hackathons have become a vital platform for students and early-career researchers to immerse themselves in the quantum realm, gaining hands-on experience and insight into both the potential and current limitations of quantum computing 2nd place: Use case – Efficient placement of transmitters, receivers and sensors in networks Team: Schrödinger’s Apples (use case provided by: BT and the quantum computing resources provided by: D-Wave and IonQ). The 2024 edition of the hackathon , however, set a new standard. Over three days, students and early-career researchers formed teams and worked alongside industry mentors to address real-world challenges in sectors as diverse as healthcare, energy, and engineering. Participants gained valuable hands-on experience in coding quantum algorithms and developing solutions that highlight the evolving capabilities of quantum computing. The event culminated in a showcase where teams presented their solutions to a panel of judges. The winning projects give a glimpse into the transformative potential of quantum computing: First Place: Team KL Divergents tackled the critical challenge of risk aggregation evaluation for insurance losses due to natural disasters. Supported by Mind Foundry and Aioi R&D Lab, and relying on quantum resources from Quantinuum, IonQ, and Classiq Technologies, their solution demonstrated quantum computing’s potential to revolutionize risk management in the insurance industry. Second Place: Team Schrödinger’s Apples focused on optimizing the placement of transmitters, receivers and sensors in networks, addressing a challenge presented by BT. With quantum support from D-Wave and IonQ, their solution aimed to enhance the efficiency and reliability of communication networks—an increasingly critical need in today’s connected world. Third Place: Team Trust me, I’m a Doctor…of physics…in training developed a quantum model for NHS forecasting. Their project, supported by NHS England and utilizing quantum resources from IonQ, Classiq Technologies, and AWS Braket, provided a novel approach to improving healthcare forecasting and resource allocation, showcasing the potential impact of quantum computing on public health systems. Beyond the technical achievements, the hackathon fostered a spirit of creativity and collaboration. The team naming competition was particularly popular, with the team ‘Trust me, I’m a Doctor…of physics…in training’ winning for their clever and humorous name. Teams were also asked to consider the societal impact of their use cases, drawing on the NQCC’s recently published Quantum STATES principles . 3rd place: Use case – Quantum modelling for NHS forecasting Team: Trust me, I’m a Doctor…of physics…in training(use case provided by: NHS England and the quantum computing resources provided by: IonQ, Classiq Technologies and AWS Braket) Previous UK Quantum Hackathons The UK Quantum Hackathon series began in 2022 , when the NQCC organized its first event to explore the practical applications of quantum computing. The inaugural hackathon included challenges related to telecommunications, aerospace and manufacturing. Participants collaborated with industry mentors, and the event attracted attention from major players in the quantum ecosystem. The strong industry engagement and the quality of the solutions presented set a high standard for subsequent events. In 2023, the hackathon took place at the University of Birmingham , expanding its scope to address more complex challenges in fields such as healthcare, energy and telecommunications. The event saw increased participation from both students and industry partners, solidifying its reputation as a key platform for advancing quantum computing skills in the UK. Participants worked closely with quantum resources provided by major quantum computing companies, underscoring the event’s growing prominence in the sector. As the earlier versions of the event show, the hackathon continues to attract a diverse array of participants, while pushing the boundaries of what quantum computing can achieve in solving real-world problems.
Mind Foundry Frequently Asked Questions (FAQ)
When was Mind Foundry founded?
Mind Foundry was founded in 2016.
Where is Mind Foundry's headquarters?
Mind Foundry's headquarters is located at Ewert House, Ewert Place, Oxford.
What is Mind Foundry's latest funding round?
Mind Foundry's latest funding round is Incubator/Accelerator.
How much did Mind Foundry raise?
Mind Foundry raised a total of $18.82M.
Who are the investors of Mind Foundry?
Investors of Mind Foundry include Plug and Play Japan, Aioi Nissay Dowa Insurance, Aioi Nissay Dowa Europe, Parkwalk Advisors, Oxford Science Enterprises and 5 more.
Who are Mind Foundry's competitors?
Competitors of Mind Foundry include Modulos and 5 more.
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