MIND raises $72M Series B to automate data loss prevention
What's the deal? Israeli AI-native data loss prevention (DLP) platform MIND has raised $72 million in a Series B round led by Crosspoint Capital PartnersDealroom has a profile for this one. Try Dealroom →, with participation from existing investors Paladin Capital GroupDealroom has a profile for this one. Try Dealroom → and YL Ventures. The round brings MIND's total funding to $112 million.
What does MIND do? Its platform puts DLP and insider risk management (IRM) programs on autopilot, giving enterprises both data security posture and data loss prevention to protect sensitive information. MIND is headquartered in Seattle with a development center in Israel.
Who's behind it? The company was founded in 2013 by chief executive officer Eran Barak, who previously founded Hexadite — acquired by Microsoft for $100 million in 2017. He built MIND alongside chief technology officer Itai Schwarz and VP of research and development Hod Bin Noon.
By the numbers: MIND says it has posted more than 1,700% revenue growth and 800% customer growth over the past year, and describes itself as an "eight-figure revenue business trusted by dozens of customers."
What's the money for? The funds will accelerate development of MIND's autonomous "Stress Free DLP" platform, expand its presence in major enterprise markets, deepen technology and channel partnerships, and grow the team.
Why now? Barak argues legacy tools can't keep up with modern data flows. "Security leaders are being asked to protect data that moves at AI speed with complex, manual and incomplete tools designed for a slower world," he said.
The signal: As enterprises race to adopt AI, data governance and security are becoming pressing concerns. MIND's rapid scaling — and investor appetite — reflects growing demand for tools built to protect sensitive data in the AI era.
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