Intelligent Protection Management Corp. (NASDAQ:IPM) saw its stock jump 43% in premarket trading Wednesday following the announcement of a reseller agreement with MindsDB, an open-source AI platform.
Under the deal, IPM will become a Starter Minds customer and integrate MindsDB’s technology into its operations to enhance workflow efficiency. MindsDB provides AI analytics tools capable of answering complex business questions and can run on-premises, in virtual private clouds, or in serverless environments.
Jason Katz, Chairman and CEO of IPM, said, “We are pleased to be working with MindsDB to provide their leading AI platform to our current and future customers. The MindsDB platform is designed to process highly variable data to produce actionable intelligence, allowing customers to achieve operational results and advance their strategic business plans.”
As part of the agreement, IPM will offer a cost-effective “Starter Mind” version of MindsDB’s flagship “Enterprise” product. This customized package is designed to fit customers’ operational and budgetary needs.
The MindsDB platform combines structured and unstructured data to create a secure, private AI analytics environment, delivering answers to business queries in plain natural language without requiring data reconfiguration or migration.
Intelligent Protection Management stock price
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