SEATTLE: MIND Security raised $72 million in a Series B led by Crosspoint Capital Partners, bringing the cybersecurity company’s total funding to $112 million.
Existing investors YL Ventures and Paladin Capital Group also participated in the round, MIND said on September 17. The company raised a $30 million Series A about a year earlier.
MIND says it has reached an eight-figure revenue run rate and signed dozens of customers. They include Fortune 500 companies across finance, healthcare, manufacturing and technology.
CTech reported that MIND had reached about $10 million in annual revenue run rate and a valuation of about $300 million in its latest round.
MIND develops data loss prevention, or DLP, software designed to identify sensitive corporate information and stop unauthorised sharing.
The company says its platform monitors data across software-as-a-service applications, email, employee endpoints, on-premises file servers and AI tools. It also covers autonomous AI agents that can access corporate systems.
Meanwhile, MIND says its software analyses both the information and the context in which people or systems use it. The company aims to distinguish legitimate activity from potential data leaks while reducing false alerts.
MIND has also developed AI agents for security teams. According to the company, they can help investigate risks, respond to incidents and enforce data-protection policies.
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CEO Eran Barak said traditional DLP products were developed before widespread adoption of generative AI and autonomous agents. Therefore, MIND is positioning its platform around protecting data moving through newer AI-driven workflows.
MIND plans to use the financing for product development, global expansion, sales and marketing, and additional technology partnerships. Its official announcement also said the investment would support continued hiring.
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The company currently employs about 70 people, including 40 in Israel. It plans to double its Israeli product and development teams.
Barak founded MIND with Chief Technology Officer Itai Schwartz and Vice President of Research and Development Hod Ben Nun. Crosspoint lists MIND among its cybersecurity and infrastructure-software investments.
