MIND, a Seattle, WA-based company which specializes in data loss prevention (DLP), raised $11M in funding.
The round was led by YL Ventures with participation from cybersecurity leaders at Adobe, ADT, CrowdStrike, and FireEye.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Eran Barak, MIND is a provider of an intelligent DLP platform that integrates AI and smart automations for a comprehensive data security solution that identify, detect, and prevent data leaks at machine speed. At the core of the platform is MIND AI which puts DLP and insider risk management (IRM) programs on autopilot to autonomously monitor billions of data events 24×7 in real-time, reducing false positives and noisy alerts, and effectively streamlining headcount needed. It is made of hundreds of algorithms and a proprietary AI engine to classify and categorize sensitive unstructured data understand context-aware business views to determine risk severity, and take automated prevention and remediation actions.
MIND continuously discovers and classifies sensitive data across various IT workloads including SaaS and Gen AI apps, endpoints, on-premises systems, and emails, ensuring a complete inventory of data, users, and activities.
FinSMEs
30/10/2024