When was Mindtrace founded?

Mindtrace was founded in 2017 and raised its 1st funding round within a year of its incorporation.

Where is Mindtrace located?

Mindtrace is headquartered in Manchester, United Kingdom.

Which legal entities is Mindtrace associated with?

Mindtrace is associated with MINDTRACE LIMITED.

How many employees does Mindtrace have?

As of Sep 30, 2026, the latest employee count at Mindtrace is 28.

Is Mindtrace a funded company?

Mindtrace is a funded company, having raised a total of $4.8M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Nov 29, 2017.

How much is Mindtrace worth?

The latest valuation of Mindtrace is £***** as of Mar 02, 2023.

When was the latest funding round of Mindtrace?

Mindtrace's latest funding was a $***** Series A round on Feb 22, 2021, with participation from 3 investors. Its primary sector is Artificial Intelligence. In United Kingdom, the Artificial Intelligence sector has seen $21.6B in funding in 2026 to date.

Where does Mindtrace rank among its competitors?

Mindtrace ranks 5th amongst 245 active competitors, of which 20 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Rapta, which secured $10.8M in Sep, 2026.

Who are the top competitors of Mindtrace?

Mindtrace's top competitors include Cognex, Cerrion and Overview. Among them, Rapta secured the most recent funding round in September, 2026.

Mindtrace - 2026 Company Profile, Team, Funding, Competitors & Financials

Mindtrace is a series A company based in Manchester (United Kingdom), founded in 2017 by Kamelia Dimova and Michael Denham. It operates as a Provider of neuromorphic algorithms and its processing hardware. Mindtrace has raised $4.8M in funding from investors like Mercia, Accelerated Digital Ventures and Skylake Capital, with a current valuation of £*****. The company has 245 active competitors, including 20 funded and 5 that have exited. Its top competitors include companies like Cognex, Cerrion and Overview.

Company Details

Mindtrace provides neuromorphic algorithms and its processing hardware for predictive decision-making and analysis. It uses STAR (Select, Track And Recognise) technology to develop an event-based machine vision system that will have application in automotive advanced driver assistance systems. The algorithms work in integration with dynamic vision sensors and computing hardware and use the motion data to detect visual events and track its features to recognize dangerous situations. It claims that its algorithms are short, asynchronous, event-based, and have low-energy and low-latency computation.

Website: mindtrace.ai
Email ID: *****@mindtrace.ai
Phone Number: +44 **********
Part Of

Key Metrics

Founded Year

2017

Location

Manchester, United Kingdom

Stage

Series A

Total Funding

$4.8M in 2 rounds

Latest Funding Round

Series A, Feb 22, 2021, $*****

Post Money Valuation

£***** as on Mar 02, 2023

Investors

Mercia & 11 more

Ranked

5^th among 245 active competitors

Employee Count

28 as on Sep 30, 2026

Similar Companies

OpenAI & 469 more

View Mindtrace's full profile

Mindtrace is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
MINDTRACE LIMITED CIN: 10578025 , United Kingdom, Active	Jan 22, 2017	-	17 (As on Sep 30, 2024)

Mindtrace has raised a total funding of $4.8M over 2 rounds. Its first funding round was on Nov 29, 2017. Its latest funding round was a Series A round on Feb 22, 2021 for $*****. 3 investors participated in its latest round. Mindtrace has 9 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of Mindtrace:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 22, 2021	5427249	Series A	1296853	6695279	8085390	6429611
Nov 29, 2017	7708140	Seed	1738727	3696988	Accelerated Digital Ventures & 2 more	3409241

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View details of Mindtrace's funding rounds and investors

The founders of Mindtrace are Kamelia Dimova and Michael Denham.

Here are the details of Mindtrace's key team members:

Kamelia Dimova: Co-Founder of Mindtrace.
Michael Denham: Co-Founder of Mindtrace.

View details of Mindtrace's Founder profiles and Board Members

Mindtrace's employee count trend

Mindtrace has 28 employees as of Sep 26. Here is Mindtrace's employee count trend over the years:

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Top competitors of Mindtrace include Cognex, Cerrion and Overview. Here is the list of Top 10 competitors of Mindtrace, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Cognex 1981, Natick (United States), Public	Manufacturer of machine vision systems and industrial barcode readers and verifiers	-	Starboard Capital Partners, Venrock	65/100
2nd	Cerrion 2021, Zurich (Switzerland), Series A	Developer of computer vision technology that generates production insights and detects process deviations in real-time	$23.5M	Creandum, Goat Capital & 19 others	64/100
3rd	Overview 2018, San Francisco (United States), Series A	Manufacturer of AI machine vision systems for industrial quality control and automated inspection	$13.9M	Blumberg Capital, Y Combinator & 12 others	57/100
4th	Rapta 2021, Tigard (United States), Series A	Provider of an AI platform for manufacturing quality control and automation	$14.1M	Voyager Capital, Access Venture Partners & 8 others	54/100
5th	Mindtrace 2017, Manchester (United Kingdom), Series A	Provider of neuromorphic algorithms and its processing hardware	$4.8M	Bloc Ventures, Accelerated Digital Ventures ... & 10 others	54/100
6th	Koi Reader 2019, Dallas (United States), Seed	Provider of AI-powered platform for supply chain and logistics optimization	$60K	MassChallenge, PIER71	53/100
7th	Jidoka Technologies 2018, Chennai (India), Seed	AI‑driven vision inspection platform for the manufacturing and logistics sectors	$2.48M	Arali Ventures, TCA & 47 others	51/100
8th	Elementary 2017, Pasadena (United States), Series B	Developer of AI vision inspection systems for quality control automation	$47.5M	Threshold, Tiger Global Management & 12 others	48/100
9th	Ripik.AI 2021, Delhi (India), Seed	Developer of computer vision platform and AI agents for industries	$14.2M	Accel, Venture Highway & 37 others	47/100
10th	Nanotronics 2009, Brooklyn (United States), Series E	AI‑powered platform for autonomous manufacturing	$146M	Investment Corporation of Dubai, Orbimed & 5 others	47/100