Israeli data loss prevention (DLP) startup MIND emerged from stealth mode on Wednesday with $11 million in seed funding.
MIND was founded in 2023 by Israeli entrepreneurs and cybersecurity experts Eran Barak (CEO), Itai Schwartz (CTO) and Hod Bin Noon (VP of R&D). Barak previously founded Hexadite, a security orchestration firm acquired by Microsoft in 2017.
The Seattle, WA-based company has developed a DLP platform designed to help organizations protect sensitive data. It integrates AI and smart automations, enabling customers to quickly detect and prevent data leaks.
The platform uses AI powered by hundreds of tailored algorithms and a proprietary AI engine to classify sensitive data, assess potential risks, and automatically take prevention and remediation actions.
According to MIND, the solution is designed to continuously discover and classify sensitive data across endpoints, email, on-premises systems, and SaaS and gen-AI apps, protecting it at rest, in motion, and in use.
MIND’s $11 million seed funding round was led by YL Ventures, with participation from cybersecurity leaders at CrowdStrike and other tech companies.
“MIND enables organizations to mind what really matters by taking a new approach to data security that uniquely melds both the visibility of data risks and the actionability of stopping data leaks – holistically addressing sensitive data at rest, in motion, and in use,” Barak said.
“Our customers have dramatically reduced the resources needed to implement effective DLP programs that truly deliver on both security and compliance needs, leading to much greater efficiency and productivity,” he added.
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