AI security startup Mindgard today announced raising $30 million in a Series A funding round that brings the total raised by the company close to $42 million.
The investment round was led by Album VC, with additional support from Karma Ventures and previous investors .406 Ventures, Atlantic Bridge, IQ Capital, and Lakestar.
Founded in 2022, spun out of Lancaster University, and headquartered in London and Boston, Mindgard has built an automated AI security and red-teaming platform to help organizations identify and respond to AI risks.
According to the company, its platform can capture and exploit the psycho-technical attack surface within AI agents, models, and applications.
Mindgard acts as a red-teamer to identify exploits, assess risk, and defend AI systems. It maps the entire attack surface, continuously analyzes it, and delivers runtime protection to stop attacks dead in their tracks.
The solution has already uncovered over 150 vulnerabilities across popular AI products, including a zero-day code execution flaw in Cursor IDE, and security defects in Google Antigravity and ChatGPT.
Mindgard will use the fresh funding to scale its product, engineering, sales, and marketing teams. The investment will help accelerate deployments across financial services, digital services, gaming, healthcare, pharmaceutical, and semiconductor sectors.
“AI is creating an entirely new attack surface and organizations need a fundamentally different approach to securing it,” said Mindgard CEO James Brear.
“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,” Brear added.
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