AI Startup Mind Raises $72M in Series B Funding Round

The round also saw participation from YL Ventures and Paladin Capital Group.

The company will use the funding to accelerate development of its DLP platform, expand across enterprise markets, strengthen technology and channel partnerships, and grow its team.

What is MIND?

MIND provides a data loss prevention platform designed to help organizations protect sensitive data in AI and IT environments.

Its platform analyzes data activity in real time across GenAI, agentic AI, and IT environments. MIND also offers AI DLP Agents that can autonomously handle day-to-day DLP tasks.

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The company aims to help organizations protect sensitive information both at rest and in motion while reducing the manual work involved in managing data security.

How Much Funding Has MIND Raised?

MIND has raised $72 million in its Series B funding round.

The latest investment brings the company’s total funding to $112 million.

The Series B was led by Crosspoint Capital Partners, with participation from YL Ventures and Paladin Capital Group.

Who Invested in MIND’s Series B?

Crosspoint Capital Partners led MIND’s $72 million Series B funding round.

YL Ventures and Paladin Capital Group also participated.

Why the Funding Matters

MIND plans to use the new funding to accelerate development of its DLP platform and expand its presence across enterprise markets.

The company will also deepen strategic technology and channel partnerships and scale its team to support its growing customer base.

Who founded MIND?

MIND was founded in 2023 by Eran Barak, Itai Schwartz, and Hod Bin Noon.

The company is headquartered in Seattle, Washington.

Leadership Comments

"Security leaders are being asked to protect data that moves at AI speed with complex, manual and incomplete tools designed for a slower world," said Eran Barak, Co-Founder and CEO of MIND. "DLP is a massive, established market, but it was not built with AI in mind. AI is accelerating the problem, giving people and autonomous systems new ways to access and move sensitive data at unparalleled speed.

"As we expand our staff's use of AI, protecting patient information without slowing innovation is essential," said Conrad Band, CIO of Children's Hospital Los Angeles. "MIND lets us discover and block protected health information from entering AI tools across our endpoints without any performance impact.

Market and Business Growth

MIND says it achieved more than 17x revenue growth and 8x customer growth over the past year.

The company has analyzed billions of data events in real time across GenAI, agentic AI, and IT environments and says it has stopped sensitive data loss across hundreds of thousands of endpoints.

MIND launched its AI DLP Agents to automate day-to-day DLP operations. It was also accepted into Anthropic’s Cyber Verification Program and became the first data security company to earn ISO/IEC 42001 certification for responsible AI, according to the company.

MIND says 90% of enterprises have deployed GenAI tools and more than two-thirds are using AI agents, while 65% lack confidence in their AI data security controls.

What Happens Next?

MIND plans to accelerate development of its DLP platform and expand its presence in key enterprise markets.

The company will also strengthen technology and channel partnerships and scale its team to support its growing customer base.

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