MIND has emerged from stealth alongside the unveiling of its cutting-edge platform designed to protect the most sensitive data within organizations.
The startup successfully secured $11m in seed funding led by YL Ventures, with contributions from several industry leaders from prominent public cybersecurity firms.
MIND is dedicated to revolutionizing the field of data loss prevention. By integrating advanced AI and smart automations, MIND offers a comprehensive data security solution unlike any other currently available in the market. The platform is engineered to automatically identify, detect, and prevent data leaks at unprecedented speeds, addressing the complexities and volumes of today’s digital data landscape.
The newly acquired funds will be used to enhance MIND’s platform capabilities, particularly focusing on expanding its AI and automation features. This development aims to provide more robust and efficient data protection solutions that can operate autonomously, reducing false positives and the need for extensive human oversight.
MIND was founded in 2023 by Eran Barak, former founder of Hexadite (acquired by Microsoft); Itai Schwartz, first employee at Torq and at Axonius, an asset management unicorn; and Hod Bin Noon, first employee at Dazz, specializing in real-time vulnerability detection. The founders bring a wealth of cybersecurity experience from their time in Israeli Military Intelligence Unit 8200, setting a solid foundation for MIND’s innovative approaches.
Eran Barak, Co-Founder and CEO of MIND, emphasized the platform’s unique capability to address critical data security challenges. “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,” Barak stated.
Previously, MIND has been operating in stealth, focusing on developing its core technologies and securing initial funding rounds. This seed funding marks their first major financial milestone, positioning them for rapid growth and scaling in the cybersecurity industry.
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