Mind, whose AI agents autonomously handle data loss prevention tasks, raised a $72M Series B, sources say at a $300M valuation, taking its total raised to $112M (Sophie Shulman/CTech)

Israeli cybersecurity firm MIND Security has recently secured $72 million in Series B funding, bringing its total raised capital to $112 million. This substantial increase in funding has also resulted in a significant boost to the company's valuation, now estimated at $300 million. Founded in 2023, MIND Security has already raised a total of $112 million to date.

The latest round of funding was led by Crosspoint Capital Partners, a prominent investment firm specializing in cybersecurity and AI. Crosspoint's participation marks its first investment in an Israeli company. MIND Security's CEO, Eran Barak, emphasized the importance of creating real value for investors and employees, stating that raising a large round without a justifiable revenue run rate would be detrimental.

The company's new DLP AI agents strive to autonomously handle day-to-day data loss prevention tasks, addressing the growing complexity of data security in the era of Generative AI. The platform protects data across multiple systems, including SaaS environments, GenAI tools, agentic AI, endpoints, and email. MIND Security's recent achievements include achieving a 1,700% revenue growth and 800% customer growth over the past year, as well as being accepted into Anthropic's Cyber Verification Program and obtaining ISO/IEC 42001 certification for responsible AI.