Company news
WHAT HAPPENED
MIND raised $72M in Series B funding led by Crosspoint Capital Partners, bringing the company's total funding to $112M. The round comes a year after MIND's $30M Series A and follows a year in which the company achieved 17x revenue growth and 8x customer growth.
WHO IS INVOLVED
MIND is an AI-native data loss prevention platform founded by Eran Barak. Crosspoint Capital Partners led the funding round with participation from existing investors YL Ventures and Paladin Capital Group. Customers using MIND include Children's Hospital Los Angeles and National Geographic Society.
WHY IT MATTERS
MIND's technology addresses the gap between AI's speed and traditional data loss prevention tools designed for slower environments. With 65% of enterprises lacking confidence in AI data security controls and one-fifth of AI initiatives failing due to weak data foundations, MIND's autonomous approach to discovering, classifying and preventing data loss is positioned to lead the multibillion-dollar DLP market as organizations scale AI adoption.
- Type
- Funding round
- Category
- Data Protection
- Source
- mind.io ↗
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