Mindgard, a London, UK-based company which specializes in securing AI, raised $8M in funding.
The round was led by .406 Ventures with participation from Atlantic Bridge, Willowtree Investments and existing investors IQ Capital and Lakestar.
The company intends to use the funds to accelerate R&D and its expansion into the U.S.
Led by Dr. Peter Garraghan, CEO, Mindgard provides an Artificial Intelligence Security Testing platform which enables organizations to secure their AI systems from new threats that traditional application security tools cannot address. Its Dynamic Application Security Testing for AI (DAST-AI) solution delivers continuous security testing and automated AI red teaming across the AI lifecycle, making AI security actionable and auditable. The solution integrates into existing automation, empowering security teams, developers, AI red teamers and pentesters to secure AI.
The new executives, Dave Ganly, a former Director of Product at Twilio, and Fergal Glynn, who most recently served as CMO at Next DLP (acquired by Fortinet), will play a role in the company’s product development and drive Mindgard’s expansion into the North American market with a leadership presence in Boston.
FinSMEs
20/12/2024