Mindgard raises $30M Series A to red-team AI systems
What's the deal? Mindgard, an AI security startup, has raised $30 million in a Series A round led by Album VC. The round brings the company's total funding to nearly $42 million.
Who else is in? Karma VenturesDealroom has a profile for this one. Try Dealroom → joined, alongside returning backers .406 VenturesDealroom has a profile for this one. Try Dealroom →, Atlantic BridgeDealroom has a profile for this one. Try Dealroom →, IQ CapitalDealroom has a profile for this one. Try Dealroom →, and Lakestar.
What does it do? Founded in 2022 as a Lancaster UniversityDealroom has a profile for this one. Try Dealroom → spinout and based in London and Boston, Mindgard runs an automated AI security and red-teaming platform. It maps the attack surface across AI agents, models, and applications, then delivers runtime protection.
The platform has uncovered more than 150 vulnerabilities across popular AI products, including a zero-day code execution flaw in Cursor IDEDealroom has a profile for this one. Try Dealroom → and defects in Google AntigravityDealroom has a profile for this one. Try Dealroom → and ChatGPTDealroom has a profile for this one. Try Dealroom →.
What's the money for? Mindgard will scale its product, engineering, sales, and marketing teams. It plans to accelerate deployments across financial services, digital services, gaming, healthcare, pharmaceutical, and semiconductor sectors.
What's the endgame? The company wants to turn specialist expertise into a repeatable product. "We don't just automate attacks. We operationalize expertise, turning the knowledge of leading AI security researchers and offensive security practitioners into the capabilities every enterprise needs to secure their AI," said chief executive officer James Brear.
The signal: The raise ranks among the larger Series A deals for UK security startups, sitting in the top 7% by size for that group all-time. As enterprises rush to deploy AI agents and models, a new market is forming around securing them — a shift Brear frames bluntly: "AI is creating an entirely new attack surface and organizations need a fundamentally different approach to securing it."
Read more: SecurityWeek
Image credit: crystallinelamp
