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MIND Secures $30M Series A for AI-Powered Data Loss Prevention

Published 2 days ago4 minute read
MIND Secures $30M Series A for AI-Powered Data Loss Prevention

MIND™, a burgeoning leader in data loss prevention (DLP), has successfully secured $30 million in Series A funding. This significant investment round was co-led by Paladin Capital Group and Crosspoint Capital Partners, with notable participation from Okta Ventures and existing investor YL Ventures. The influx of capital brings MIND's total funding to over $40 million and is earmarked to fuel the company's strategic growth initiatives, enhance its sophisticated data security platform capabilities, and double its research and development (R&D) and go-to-market teams by the end of the year. This funding milestone was achieved just seven months after MIND emerged from stealth mode.

In its short operational period, MIND has demonstrated remarkable progress, achieving a 500% growth in its customer base and gaining substantial traction among Fortune 1000 companies. The company has successfully prevented sensitive data loss across hundreds of thousands of endpoints using its proprietary endpoint agent, thereby delivering immediate and tangible value by safeguarding the critical data of leading enterprises. Highlighting its innovative approach, MIND was recently recognized as one of the top 10 finalists, and the sole DLP startup, for the 20th annual RSAC™ 2025 Conference Innovation Sandbox contest.

Eran Barak, Co-Founder and CEO of MIND, stated, "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." He further emphasized that the support from new investors, who bring deep expertise in data security, positions MIND to revolutionize the DLP category and empower secure innovation.

The contemporary digital landscape presents significant challenges for organizations overwhelmed by a surge in unstructured data. Traditional legacy DLP tools are struggling to keep pace, often relying on cumbersome manual policies, generating an excessive number of false positives, and lacking the necessary contextual understanding to detect genuine risks. The severity of this issue is underscored by recent statistics: in 2024, over 1.7 billion individuals were affected by data breaches, with the average cost of a breach soaring to $4.88 million—a 10% increase from the previous year and the highest figure ever recorded. Furthermore, insider risk has become a paramount concern for organizations, exacerbated by the current macroeconomic climate, corporate and federal layoffs, and high-profile incidents involving malicious actors or manipulated employees, such as the recent data breach at Coinbase. For security teams, the imperative for real-time insider threat detection and rapid response has never been more critical.

MIND addresses these challenges as the first AI-native DLP platform, designed to put DLP and insider risk management (IRM) programs on autopilot. The platform autonomously discovers sensitive data, rectifies data risk issues, and stops data leaks at machine speed. MIND employs a unique, unified approach by combining data security posture management with data loss prevention. At the core of this is MIND AI, the company's multi-layer classification engine. This engine delivers robust posture through the precise discovery and classification of truly sensitive data, effectively reducing DLP false positives to nearly zero. It also automates workflows, enabling security teams to proactively remediate data risks with minimal manual intervention.

The prevention capabilities of MIND's platform include the real-time detection and blocking of attempts—whether malicious or inadvertent—to exfiltrate sensitive data from an organization's digital environments. MIND's system makes immediate and autonomous decisions, leveraging both the sensitivity of the content and an understanding of the business context to distinguish between normal user behaviors and high-risk activities that require intervention.

Investor confidence in MIND's vision and technology is strong. Gibb Witham, Senior Vice President at Paladin Capital Group, commented, "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." Greg Clark, Managing Partner at Crosspoint Capital Partners and former CEO of Symantec, added, "Enterprises need a modern and unified approach to DLP, and MIND is delivering a much-needed solution." Justin Somaini, Partner at YL Ventures, who led MIND's seed round, affirmed, "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."

Based in Seattle, WA, MIND is on a mission to help organizations thrive in a digital world by protecting their most sensitive data, mitigating risks, and preserving brand reputation. The company aims to enable businesses to mind what really matters—their most sensitive data.

From Zeal News Studio(Terms and Conditions)

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