MIND, an upcoming leader in data loss prevention (DLP), emerged from stealth and revealed its breakthrough platform for enabling organizations to protect their most sensitive data. And MIND raised $11 million in seed round funding led by YL Ventures with participation from cybersecurity leaders at Adobe, ADT, CrowdStrike, and FireEye.
The risk of important data falling into the wrong hands is very risky. And increasing data volume, diverse applications and storage options, and constant accessibility all contribute to new levels of data complexity. Plus with Generative AI apps, such as OpenAI ChatGPT, Microsoft Copilot, Anthropic Claude, and Google Gemini, the amount of data is going to grow exponentially.
MIND was launched last year by Eran Barak, who previously founded Hexadite (later acquired by Microsoft); Itai Schwartz, Co-Founder and CTO, who was the first employee at Torq; and Hod Bin Noon, Co-Founder and VP of R&D, who was the first employee at Dazz. These co-founders have decades of cyber experience and served in leadership roles in the prestigious Israeli Military Intelligence Unit 8200.
MIND is an intelligent DLP platform integrating AI and smart automation for the first comprehensive data security solution of its kind, so you can automatically identify, detect, and prevent data leaks at machine speed. And 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 24×7 in real-time, drastically reduce false positives and noisy alerts, and effectively streamline headcount needed.
MIND AI was built with hundreds of tailored algorithms and a proprietary AI engine to classify and categorize sensitive unstructured data understand context-aware business views to determine risk severity, and take automated prevention and remediation actions. And MIND continuously discovers and classifies sensitive data across various IT workloads such as SaaS and Gen AI apps, endpoints, on-premises systems, and emails.
KEY QUOTES:
“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. 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.”
- Eran Barak, Co-Founder and CEO of MIND
“MIND’s platform is the new, unified, comprehensive approach to addressing data leakage issues that threaten every company today. With a visionary leadership team and innovative technology, MIND is well-positioned to lead the DLP sector and face evolving cyber threats.”
- Justin Somaini, Partner at YL Ventures
“The market urgently needs a robust solution to manage the ever-expanding sources of sensitive data across small businesses and large enterprises. MIND’s platform provides the first truly comprehensive approach to secure data, enabling companies to focus on innovation and sustainable growth with complete peace of mind. It delivers immediate value for security and IT teams by requiring dramatically fewer resources and headcount needed to manage and run their DLP programs.”
- Ryan Fritts, Chief Information Officer at Everon and former Chief Information Security Officer at ADT
