MIND nets $11 million in Seed funding to combat data loss in the age of AI
The Israeli startup’s intelligent DLP platform integrates AI and smart automations and can automatically identify, detect, and prevent data leaks at machine speed.
Israeli startup MIND, which has developed a platform for data loss prevention (DLP), has raised $11 million in a Seed round led by venture capital fund YL Ventures, with participation from prominent angels in the cybersecurity sector, including senior executives from CrowdStrike, FireEye, Adobe, and ADT. The company's platform enables organizations to protect their sensitive information automatically.
Full list of Israeli high-tech funding rounds in 2024
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 25 people, with two-thirds based in its Tel Aviv office, and plans to double its workforce over the coming year.
MIND’s platform integrates artificial intelligence and automation to prevent data leakage, enabling rapid, automatic detection and protection of sensitive data.
"As billions of records get leaked every year, we recognize it as one of the major pain points for companies and a problem lacking a comprehensive and simplified data security solution for the era of AI," said Eran Barak, Co-Founder and CEO of MIND. "MIND enables organizations to mind what really matters by taking a new approach to data security that uniquely melds both the visibility of data risks and the actionability of stopping data leaks - holistically addressing sensitive data at rest, in motion, and in use. Our customers have dramatically reduced the resources needed to implement effective DLP programs that truly deliver on both security and compliance needs, leading to much greater efficiency and productivity."
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In today's digital world, the risk of important data falling into the wrong hands has never been greater. Increasing data volume, diverse applications and storage options, and constant accessibility all contribute to newfound levels of data complexity. Adding to that, using Generative AI apps, such as OpenAI ChatGPT, Microsoft Copilot, Anthropic Claude, and Google Gemini, the amount of data is going to grow exponentially.
MIND’s intelligent DLP platform integrates AI and smart automations and can automatically identify, detect, and prevent data leaks at machine speed. At the core of the platform is MIND AI which puts DLP and insider risk management (IRM) programs on autopilot to autonomously monitor billions of data events 24x7 in real-time, dramatically reduce false positives and noisy alerts, and streamline headcount needed.
