Mind Security Inc., an AI-powered data loss prevention (DLP) solutions provider, has successfully raised $30 million in Series A funding. This round was led by Paladin Capital Group and Crosspoint Capital Partners, with participation from Okta Ventures and existing investor YL Ventures. The total funding secured by Mind Security now exceeds $40 million.
The investment will fuel significant growth in Mind Security's research and development and marketing teams, aiming to double their size by year's end. This expansion will support the company's mission to provide businesses with cutting-edge, automated solutions to prevent costly data breaches caused by human error or malicious attacks.
Mind Security's AI-native platform offers a unified approach to data security posture and DLP, autonomously detecting and preventing sensitive data leaks at "machine speed." The platform addresses the increasing risk of data breaches stemming from both structured and unstructured data, a critical concern in today's complex IT environments.
The company's technology utilizes a multilayer classification system to minimize false positives, unlike traditional systems that often overwhelm teams with excessive alerts. This proactive approach to data protection is particularly relevant given the rising costs associated with data breaches and the increasing sophistication of cyber threats.
