Mem

Mem is an AI-powered note-taking app that offers a variety of services to help users organize and make sense of their notes. One of the key features of Mem is its automatic summarization, which uses natural language processing (NLP) to identify key points and summarize text, along with suggestions on relevant content to users based on their notes. Mem allows users to organize their notes by topic, project, or other criteria, as well as share and collaborate on notes with others. Additionally, it uses machine learning to help users write notes by suggesting the next word or sentence to write. Mem uses a subscription-based business model, which includes a freemium plan, with paid plans starting at USD 8 per month per user. 

In July 2022, the company launched “Mem It for Twitter,” which enables users to save threads, receive AI-generated summaries of their content, and view similar Tweet suggestions. The company planned to continue refining Mem X, its built-in work assistant, with new features that leverage AI to generate prompt-based text, file summaries, and titles and enable users to edit and format text using natural language commands.

Key customers and partnerships

Mem’s customer base includes companies such as Airbnb, Uber, ByteDance, and Netflix.

Funding and financials

In November 2022 , it raised USD 23.5 million in a funding round led by OpenAI’s OpenAI Startup Fund. The round valued the company at USD 110 million. As a participant of OpenAI Startup Fund, Mem received early access to new OpenAI systems and Azure resources from Microsoft in addition to financial backing.