● Covered by 1 source · 1 reportMedium impact1 positive
MIND Secures $72 Million in Series B Funding for AI-Powered Data Loss Prevention
Key points
- MIND raised $72 million in Series B funding.
- Total funding for MIND is now $112 million.
- Crosspoint Capital Partners led the investment round.
- Funds will be used for platform development and market expansion.
MIND Raises $72 Million in Series B
Data loss prevention (DLP) startup MIND announced it has secured $72 million in a Series B funding round. This latest investment increases the company's total funding to $112 million. Crosspoint Capital Partners led the round, with continued participation from existing investors YL Ventures and Paladin Capital Group.
AI-Native DLP Platform
MIND, based in Seattle, emerged from stealth mode in 2024 with an AI-native DLP platform. This platform is designed to protect customer data through automated processes. It provides real-time detection and blocks data exfiltration attempts across various enterprise environments, including email, endpoints, generative AI applications, and SaaS deployments.
Technology and Functionality
The platform utilizes multi-layer classification to identify content and context. Its AI agents manage the DLP process by investigating events, tuning policies, and addressing identified issues. This approach aims to redefine data security for the AI era, addressing the challenges of data movement at AI speeds.
Future Plans and Market Impact
MIND plans to allocate the new investment towards accelerating platform development, expanding into key enterprise markets, deepening partnerships, and scaling its team. The company's CEO, Eran Barak, stated that traditional DLP tools are not equipped for the speed of AI, and MIND aims to provide a solution built with AI in mind to protect sensitive data.
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Reporting from
MIND, a data loss prevention (DLP) startup, raised $72 million in Series B funding, bringing its total funding to $112 million. This investment will accelerate platform development and market expansion for its AI-native DLP solution, which protects data across enterprise environments.