Israeli data loss prevention co MIND raises $72m
Israeli AI-native data loss prevention platform MIND announced a $72 million Series B funding round led by Crosspoint Capital Partners, with participation from Paladin Capital Group and YL Ventures. The round brings total funding to $112 million. The company reports over 1,700% revenue growth and 800% customer growth in the past year.
Israeli AI-native data loss prevention (DLP) platform MIND announced the completion of a $72 million Series B financing round, led by Crosspoint Capital Partners with participation from existing investors Paladin Capital Group and YL Ventures. The round brings MIND's total funding to $112 million. MIND was founded in 2013 by CEO Eran Barak, who previously founded Hexadite (acquired by Microsoft for $100 million in 2017), together with CTO Itai Schwarz and VP R&D Hod Bin Noon. The company is headquartered in Seattle with its development center in Israel. In the past year, MIND reports over 1,700% revenue growth and 800% customer growth. The company has developed a data security platform that puts DLP and insider risk management programs on autopilot. The new funds will accelerate development of its Stress Free DLP platform and help increase presence in major enterprise markets, deepen strategic partnerships, and expand its team.