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Mintive raises $11 million, including $7 million seed, for AI agent identity management

🔄 Updated 8d ago
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Key points

  • Mintive raised $11 million total, with a $7 million seed round.
  • Cowboy Ventures led the seed round; Coatue and angel investors participated.
  • Founders are Jiquan Ngiam (Coursera) and Vijay Vasudevan (TensorFlow).
  • Platform manages enterprise AI agent identities, access, and costs.

Funding Announcement

Mintive, a startup focused on AI agent identity management, has announced a total of $11 million in funding. This includes a recently closed $7 million seed round led by Cowboy Ventures. Additional investors in the company include Coatue, Operator Collective, and Hustle Fund, alongside angel investors such as Frederic Kerrest, Jeff Dean, and Andrej Karpathy.

Founding Team Background

The company was founded by Jiquan Ngiam, CEO, and Vijay Vasudevan, CTO. Ngiam was the founding engineer at Coursera and worked on neural networks at Google Brain. Vasudevan is recognized as a co-creator of TensorFlow during his tenure at Google Brain, an early AI training platform.

Mintive's Platform Offering

Mintive's platform provides tools for governing, provisioning, and managing identity for enterprise AI agents. Key features include an MCP gateway for authorizing cloud service access for agents, an LLM gateway for routing to different models and capping costs, agent identity and authorization management, and an agent monitor to track agents across a company. The platform also enables enterprises to create agents for long-running tasks.

Competitive Landscape

Mintive operates in a highly competitive sector for agent management systems. This market includes offerings from major technology companies like Amazon, Microsoft, OpenAI, and Anthropic, as well as numerous point product providers and other startups. The company aims to differentiate itself through ease of use and rapid deployment, according to CEO Jiquan Ngiam.

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Reporting from

Mintive, an AI agent identity management startup, secured $11 million in total funding, including a $7 million seed round led by Cowboy Ventures. The company, founded by former Google Brain and Coursera engineers, offers a platform for governing and provisioning enterprise AI agents. This funding will support Mintive's development in a competitive market for AI agent management solutions.