Lancaster University spinout Mindgard lands €26 million to secure enterprise AI systems
Mindgard, a Boston and London-based AI security startup, has closed a €26 million ($30 million) Series A financing to scale the company across product, engineering, sales, and marketing in response to significant customer demand. The round was led by Album VC with participation from Karma Ventures and existing investors .406 Ventures, Atlantic Bridge, IQ Capital, […] The post Lancaster University…
Lancaster University spinout Mindgard has secured €26 million ($30 million) in Series A funding to expand its enterprise AI security solutions. The round was led by Album VC, with support from Karma Ventures, 406 Ventures, Atlantic Bridge, IQ Capital, and Lakestar. Mindgard's CEO, James Brear, emphasized the importance of addressing the new attack surface created by AI, stating that the investment will help the company scale globally and make attacker-driven AI security a core part of enterprise AI implementation and management.
Founded in 2022 through a spinout from Lancaster University, Mindgard claims to be the first platform to capture and exploit the psycho-technical attack surface within AI models, agents, and applications. The company's platform offers Shadow AI discovery, AI red teaming, and run-time AI protection, mapping and securing the AI attack surface.
Mindgard's platform has identified and disclosed over 150 high-impact security vulnerabilities in popular AI products, including a zero-day code-execution flaw in Cursor IDE and guardrail failures in ChatGPT. According to Ty Boswell, Partner at Album VC, the team behind Mindgard can define the AI security category as organizations increasingly incorporate AI into critical operations without proper security infrastructure.
Written by urgent.news from EU-Startups's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
