Data Loss Prevention Startup MIND Emerges From Stealth With $11M in Funding to Revolutionize Data Security
The in depth use of Gen AI apps like OpenAI ChatGPT and Microsoft Copilot results in the unintentional publicity and sprawl of extremely delicate knowledge
SEATTLE, WA / ACCESSWIRE / October 30, 2024 / MIND™, the upcoming chief in knowledge loss prevention (DLP), emerged at present from stealth and revealed its breakthrough platform to allow organizations to guard their most delicate knowledge. MIND raised $11 million in seed spherical funding led by YL Ventures with participation from leaders of public cybersecurity corporations.
Itai Schwartz, Co-Founder and CTO, Eran Barak, Co-Founder and CEO and Hod Bin Midday, Co-Founder and VP of R&D. Credit score- Ohad Kab
In at present’s digital world, the danger of vital knowledge falling into the mistaken palms has by no means been higher. Rising knowledge quantity, numerous functions and storage choices, and fixed accessibility all contribute to newfound ranges of knowledge complexity. Including to that, utilizing Generative AI apps, corresponding to OpenAI ChatGPT, Microsoft Copilot, Anthropic Claude, and Google Gemini, the quantity of knowledge goes to develop exponentially. In 2020, there have been 64.2 zettabytes of knowledge, and by 2030, the info universe may develop greater than 10 occasions.
In keeping with analysis by Gartner, 90% of all new enterprise knowledge is unstructured knowledge, rising 3 times the tempo of structured knowledge. Inside every of those unstructured knowledge recordsdata is a plethora of delicate and confidential knowledge corresponding to bank card numbers, social safety numbers, credentials, encryption keys, supply code, financial institution statements, contracts, tax kinds, invoices, payroll studies, mental property paperwork, and so on. The dearth of visibility throughout IT environments, reliance on guide and static DLP insurance policies, problem figuring out delicate knowledge as a result of primary classification processes, and inadequate context and threat evaluation all contribute to the stress and failures of at present’s DLP programs-especially making an attempt to guard unstructured knowledge.
“As billions of data get leaked yearly, we acknowledge it as one of many main ache factors for corporations and an issue missing a complete and simplified knowledge safety answer for the period of AI,” mentioned Eran Barak, Co-Founder and CEO of MIND. “MIND permits organizations to thoughts what actually issues by taking a brand new strategy to knowledge safety that uniquely melds each the visibility of knowledge dangers and the actionability of stopping knowledge leaks – holistically addressing delicate knowledge at relaxation, in movement, and in use. Our prospects have dramatically decreased the sources wanted to implement efficient DLP applications that actually ship on each safety and compliance wants, resulting in a lot higher effectivity and productiveness.”
MIND was based in 2023 by Eran Barak, who beforehand based Hexadite which was later acquired by Microsoft, Itai Schwartz, Co-Founder and CTO, who was the primary worker at Torq, a safety automation startup, and at Axonius, an asset administration unicorn startup, and Hod Bin Midday, Co-Founder and VP of R&D, who was the primary worker at Dazz, specializing in real-time vulnerability detection and remediation. The co-founders have many years of cyber expertise and served in management roles within the prestigious Israeli Army Intelligence Unit 8200.
MIND is an clever DLP platform that integrates AI and sensible automations for the primary complete knowledge safety answer of its variety, so you’ll be able to routinely establish, detect, and forestall knowledge leaks at machine pace. On the core of the platform is MIND AI which places DLP and insider threat administration (IRM) applications on autopilot to autonomously monitor billions of knowledge occasions 24×7 in real-time, dramatically cut back false positives and noisy alerts, and successfully streamline headcount wanted. MIND AI is manufactured from a whole lot of tailor-made algorithms and a proprietary AI engine to categorise and categorize delicate unstructured knowledge perceive context-aware enterprise views to find out threat severity, and take automated prevention and remediation actions. MIND constantly discovers and classifies delicate knowledge throughout numerous IT workloads together with SaaS and Gen AI apps, endpoints, on-premises techniques, and emails; making certain an entire stock of knowledge, customers, and actions. In contrast to typical DLP instruments within the trade, MIND protects delicate data-at relaxation, in movement, and in use.
“MIND’s platform is the brand new, unified, complete strategy to addressing knowledge leakage points that threaten each firm at present,” mentioned Justin Somaini, Companion at YL Ventures. “With a visionary management group and progressive expertise, MIND is well-positioned to steer the DLP sector and face evolving cyber threats.”
“The market urgently wants a strong answer to handle the ever-expanding sources of delicate knowledge throughout small companies and enormous enterprises,” mentioned Ryan Fritts, Chief Info Officer at Everon and former Chief Info Safety Officer at ADT. “MIND’s platform supplies the primary really complete strategy to safe knowledge, enabling corporations to concentrate on innovation and sustainable development with full peace of thoughts. It delivers instant worth for safety and IT groups by requiring dramatically fewer sources and headcount wanted to handle and run their DLP applications.”
About MIND
MIND is on a mission to assist organizations thrive in a digital world within the AI period by defending their most delicate data. MIND is the first-ever knowledge safety platform that places knowledge loss prevention (DLP) and insider threat administration (IRM) applications on autopilot to routinely defend delicate data, mitigate threat, and protect model status. We allow companies to thoughts what actually matters-their most delicate knowledge. Based and led by cybersecurity leaders and trade veterans, MIND relies out of Seattle, WA. For extra data, contact us at [email protected].
Contact Info
Yuval Porat
Media guide
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SOURCE: MIND
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