MIND, a leader in data loss prevention (DLP), announced $30 million in Series A funding, just seven months after emerging from stealth, led by Paladin Capital Group and Crosspoint Capital Partners, with participation from Okta Ventures and existing investor YL Ventures. This funding round brings MIND’s total to over $40 million.
In the past seven months, MIND achieved 500% customer growth and gained significant traction among Fortune 1000 companies, prevented sensitive data loss across hundreds of thousands of endpoints through its proprietary endpoint agent, and offered immediate value by protecting the sensitive data of leading enterprises.
Problem being addressed: Organizations are often overwhelmed by a surge in unstructured data, and legacy DLP tools can’t keep up. And they depend on manual policies, produce excessive false positives, and lack the context to detect real risk.
Last year, over a billion individuals were affected by data breaches, with the average breach costing millions, marking a notable increase from the previous year and the highest ever recorded. Additionally, insider risk is top of mind for every organization, given the current macroeconomic environment, corporate and federal layoffs, and high-profile incidents involving North Korean IT workers and manipulated employees, such as the recent data breach at Coinbase. For security teams, the pressure is higher as real-time insider threat detection and rapid response are essential.
As the first AI-native DLP platform, MIND automates DLP and insider risk management (IRM) programs, enabling them to autonomously identify sensitive data, resolve data risk issues, and prevent data leaks at machine speed. And MIND takes a unique approach by combining data security posture and data loss prevention in one unified platform.
MIND AI: MIND AI is the company’s multi-layer classification engine, delivering posture through the discovery and classification of sensitive data that matters and reduces DLP false positives to nearly zero. And it automates workflows to enable security teams to remediate data risks with minimal manual effort, proactively. Prevention also begins with the real-time detection and blocking of attempts, whether malicious or inadvertent, to exfiltrate sensitive data from an organization’s digital environments. MIND’s immediate and autonomous decision-making utilizes both the sensitivity of the content, combined with an understanding of the business context, to distinguish between normal user behaviors and high-risk behaviors that should be stopped.
How the funding will be used: This funding round will advance MIND’s strategic growth and enhance its data security platform capabilities.
KEY QUOTES:
“MIND was founded to help organizations thrive in the AI era and navigate the exponential growth of sensitive data in complex IT environments. 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. With the backing of our new investors, each bringing deep expertise in data security, we’re positioned to revolutionize the DLP category, empower secure innovation and double our R&D and go-to-market teams by year’s end.”
Eran Barak, Co-Founder and CEO of MIND
“AI is transforming how enterprises access and leverage data – but also how they lose it. As large language models make sensitive data instantly available to employees through natural language prompts, DLP has re-emerged as a critical, hair-on-fire problem. MIND has built an AI-native solution designed for this new era, unifying real-time posture and prevention in a single, modern platform. Led by Eran and his team, who have built some of the most successful machine learning–driven cybersecurity automation companies of the past decade, MIND has quickly established itself as the market leader in protecting sensitive enterprise data and redefining DLP for the age of AI.”
Gibb Witham, Senior Vice President, Paladin Capital Group
“As the former CEO of Symantec, which, at the time, led the market for CASB and DLP, it’s clear that today’s existing tools need to evolve in this new AI era. Enterprises need a modern and unified approach to DLP, and MIND is delivering a much-needed solution. We were impressed with the company’s capabilities at this year’s RSAC Innovation Sandbox contest, and with Crosspoint Capital’s investment in its team and technology, we are confident MIND will continue to deliver the industry’s most cutting-edge DLP platform. It’s time for an AI-led disruption to legacy DLP.”
Greg Clark, Managing Partner, Crosspoint Capital Partners
“MIND is not just improving DLP, they are fundamentally transforming it. This fundraise signals that the market is ready for a new generation of data protection built for the AI era. We are doubling down on MIND because we believe they have the vision, technology and team to redefine how enterprises safeguard their most sensitive data. This is a pivotal moment, and MIND is perfectly positioned to lead the future of DLP.”
Justin Somaini, Partner at YL Ventures, who led MIND’s seed round and participated in this Series A
