Data Loss Prevention Startup MIND Emerges From Stealth with $11M in Funding to Revolutionize Data Security

With the average cost of a single data breach reaching an all-time high of $4.88M, MIND is the first-ever data security platform that automates data loss prevention

SEATTLE, Washington, September X, 2024 — MIND, the upcoming leader in data loss prevention (DLP), emerged today from stealth and revealed its breakthrough platform to enable organizations to protect their most sensitive data. MIND raised $11 million in seed round funding led by YL Ventures[a] with participation from cybersecurity leaders at Adobe, ADT, Crowdstrike and FireEye.

In today's digital world, the risk of important data falling into the wrong hands has never been greater. Increasing data volume, diverse applications and storage options, and constant accessibility all contribute to newfound levels of data complexity. The amount of data created and consumed globally has been increasing exponentially year-over-year. In 2020, there were 64.2 zettabytes of data, and by 2030, the data universe could grow more than 10 times. According to research by Gartner, 90% of all new enterprise data is unstructured data, growing three times the pace of structured data. The lack of visibility across IT environments, reliance on manual and static DLP policies, difficulty identifying sensitive data due to basic classification processes, and insufficient context and risk assessment all contribute to the stress and failures of today’s DLP programs—especially trying to protect unstructured data.

"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," said Eran Barak, CEO of MIND. "MIND enables organizations to mind what really matters by finding and understanding their most critical data risks, providing a comprehensive view by aggregating information from disparate sources, serving the right actions to be taken and ultimately stopping data leaks in real-time and proactively remediating potential data risks."

MIND is an intelligent DLP platform that integrates AI and smart automations for the first comprehensive data security solution of its kind, so you can automatically 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 24x7 in real-time, dramatically reduce false positives and noisy alerts, and effectively streamline head count needed. MIND AI is made of hundreds of tailored 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, on-premises systems, endpoints and emails; ensuring a complete inventory of data, users and activities. Unlike conventional DLP tools in the industry, MIND protects sensitive data—at rest, in motion and in use.

“The market urgently needs a robust solution to manage the ever-expanding databases across small businesses and large enterprises,” said Maarten Van Horenbeeck, Chief Security Officer at Adobe. “MIND’s platform provides the first truly comprehensive approach to secure data, enabling companies to focus on innovation and sustainable growth with complete peace of mind.”

MIND is on a mission to help organizations thrive in a digital world by protecting their most sensitive information. MIND is the first-ever data security platform that puts data loss prevention (DLP) and insider risk management (IRM) programs on autopilot to automatically protect sensitive information, mitigate risk and preserve brand reputation. We enable businesses to mind what really matters—their most sensitive data. Founded and led by cybersecurity leaders and industry veterans, MIND is based out of Seattle, WA. For more information, contact us at info@mind.io.