Cyber startup MIND raises $30M Series A to tackle data loss prevention

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Here’s a structured summary of the provided information:

Startup Information

  • Startup Name: MIND
  • Founders:
    • Eran Barak (Co-Founder, CEO; previously founded Hexadite, acquired by Microsoft)
    • Itai Schwartz (Co-Founder, CTO; first employee at Torq and Axonius)
    • Hod Bin Noon (Co-Founder, VP of R&D; first employee at Dazz)

Funding Details

  • Funding Amount: $30 million
  • Fundraise Series: Series A
  • Date of Fundraise Announcement: Recent Tuesday (exact date not specified, but it was seven months after MIND emerged from stealth, which was in 2023)

Investors

  • Lead Investors:
    • Paladin Capital Group
    • Crosspoint Capital Partners
  • Participating Investors:
    • Okta Ventures
    • YL Ventures (existing investor)

Company Status

  • Total Funding Raised: Over $40 million
  • Employee Count: About 40
  • Customer Growth: 500% since public debut, now protects data across hundreds of thousands of endpoints.

Additional Information

  • Core Technology: MIND AI – a fully automated, AI-native platform for data loss prevention (DLP) and insider risk management.
  • Goal: To help organizations manage and protect sensitive data against insider threats and data breaches.

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2025-06-04 13:00:00