Cyber startup MIND raises $30M Series A to tackle data loss prevention

In a cybersecurity landscape grappling with the escalating cost and complexity of data breaches, a young Israeli startup is making a bold claim: legacy data loss prevention (DLP) systems are broken, and artificial intelligence can fix them.

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MIND, a company that only emerged from stealth seven months ago, announced on Tuesday that it has raised $30 million in Series A funding led by Paladin Capital Group and Crosspoint Capital Partners, with participation from Okta Ventures and existing investor YL Ventures. The round brings MIND’s total funding to more than $40 million.

The investment is a bet on a fundamental shift in how enterprises safeguard their most sensitive information in the age of AI. As organizations face surging volumes of unstructured data and increasingly sophisticated insider threats, MIND proposes a fully automated, AI-native platform that it claims can detect, classify, and stop data leaks at machine speed, with near-zero false positives. MIND’s proprietary endpoint agent continuously monitors for high-risk behaviors, contextualizes them based on business logic, and blocks exfiltration attempts before they escalate, whether by a negligent employee or a malicious insider.

Its core engine, dubbed MIND AI, uses layered classification to discover sensitive data across sprawling digital environments, automatically remediate vulnerabilities, and reduce the noise that often overwhelms security teams.

MIND was founded in 2023 by Eran Barak, who previously founded Hexadite which was later acquired by Microsoft, Itai Schwartz, Co-Founder and CTO, who was the first employee at Torq, a security automation startup, and at Axonius, an asset management unicorn startup, and Hod Bin Noon, Co-Founder and VP of R&D, who was the first employee at Dazz, specializing in real-time vulnerability detection and remediation.

The co-founders have decades of cyber experience and served in leadership roles in Israeli Military Intelligence Unit 8200. MIND currently employs about 40 people. With its new funding, MIND plans to double its research and go-to-market teams by the end of the year.

Since its public debut, MIND says it has grown its customer base by 500%, gaining traction among Fortune 1000 companies. The company says it now protects data across hundreds of thousands of endpoints.

“MIND was founded to help organizations thrive in the AI era and navigate the exponential growth of sensitive data in complex IT environments,” said Eran Barak, Co-Founder and CEO of MIND. “Our rapid growth reflects a clear market shift toward smarter, faster and fully automated approaches to DLP and insider risk. This funding validates both our product and the market demand.”

tration attempts before they escalate, whether by a negligent employee or a malicious insider.

Its core engine, dubbed MIND AI, uses layered classification to discover sensitive data across sprawling digital environments, automatically remediate vulnerabilities, and reduce the noise that often overwhelms security teams.

MIND was founded in 2023 by Eran Barak, who previously founded Hexadite which was later acquired by Microsoft, Itai Schwartz, Co-Founder and CTO, who was the first employee at Torq, a security automation startup, and at Axonius, an asset management unicorn startup, and Hod Bin Noon, Co-Founder and VP of R&D, who was the first employee at Dazz, specializing in real-time vulnerability detection and remediation.

The co-founders have decades of cyber experience and served in leadership roles in Israeli Military Intelligence Unit 8200. MIND currently employs about 40 people. With its new funding, MIND plans to double its research and go-to-market teams by the end of the year.

Since its public debut, MIND says it has grown its customer base by 500%, gaining traction among Fortune 1000 companies. The company says it now protects data across hundreds of thousands of endpoints.

“MIND was founded to help organizations thrive in the AI era and navigate the exponential growth of sensitive data in complex IT environments,” said Eran Barak, Co-Founder and CEO of MIND. “Our rapid growth reflects a clear market shift toward smarter, faster and fully automated approaches to DLP and insider risk. This funding validates both our product and the market demand.”