MindStand Technologies
The business, the turning points, and the decisions behind them.
Some sections are still being researched1 / 4
Sections to complete：02
01 / WHAT IT BUILT
What the company did
MindStand Technologies was a Baltimore-based artificial intelligence startup founded in 2018 by University of Maryland, Baltimore County students Michael Ogunsanya, Eric Solender and Nikita Wootten. It began as a hackathon project at UMD's Bitcamp competition in May 2018 and built an AI platform that detected online harassment, hate speech and other troubling interactions in workplace communications, selling inclusion and culture analytics to employers and HR firms. The company joined the inaugural Techstars Equitech accelerator cohort, reported three live customers and a $3M+ sales pipeline in Q2 2022, and was later marked out of business.
02 / FAILURE REASONS
Material for this section is being gathered and checked. It will appear here once ready.
03 / EVENT HISTORY
Events in the structured record
- Founded
UMBC students found MindStand Technologies from a May 2018 Bitcamp hackathon project to detect online harassment with AI.
- Accelerator
MindStand joins the inaugural Techstars Equitech accelerator cohort and reports early HR-firm partnerships.
- Out of business
MindStand reports three live customers and a $3M+ sales pipeline in Q2 2022; PitchBook records it as out of business in November 2022.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
MindStand raised a $25,000 seed round in December 2018 and a $340,000 pre-seed round in November 2020 from TEDCO.
- 02
In Q2 2022 the company reported three live customers, nine committed customers and a $3M+ sales pipeline, but no later revenue figures were disclosed.
- 03
PitchBook records MindStand as out of business in November 2022; no closure or loss figures were publicly disclosed.