Mindgard raises $30M to handle security for AI models and applications
Mindgard Ltd., a leader in artificial intelligence cybersecurity, announced today that it raised $30 million in early funding to scale up its product in response to significant demand across the industry, given an increase in high-impact vulnerabilities. Album VC led the Series A funding round. Karma Ventures and existing investors also participated, joined by .406 […] The post Mindgard raises…
Mindgard, a pioneer in AI cybersecurity, has secured $30 million in early funding to bolster its product offerings and expand its reach, according to a recent announcement. This funding round, led by Album VC, also saw participation from Karma Ventures, existing investors, and several other firms, including .406 Ventures, Atlantic Bridge, IQ Capital, and Lakestar.
Founded in 2022 as a spinout from Lancaster University, Mindgard leverages AI security research and offensive security expertise to counter vulnerabilities in AI systems. The company has publicly disclosed over 150 high-impact vulnerabilities in popular AI applications, expressing concern that AI is creating a new attack surface.
With the influx of AI adoption across various industries, Mindgard aims to address the growing security risks by augmenting its AI Security Platform and providing security teams with the latest offensive and defensive capabilities. The company intends to use the Series A funding to enhance its engineering team, sales, and marketing efforts, enabling it to handle the increasing demand from Fortune 2000 companies and AI innovators in sectors such as financial services, pharmaceuticals, gaming, digital services, semiconductors, and healthcare.
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