Israeli Cyber Firm MIND Security Raises $72 Million in Series B Funding

Israeli cybersecurity startup MIND Security has successfully raised $72 million in its Series B funding round, just one year after securing $30 million in its previous round. Sources indicate the current funding values the company at approximately $300 million. The company has also achieved an eight-figure annual recurring revenue, bringing its total funding since inception to over $112 million.

MIND Security, founded in 2023, focuses on protecting enterprise data in the age of artificial intelligence. As AI tools and agents gain access to sensitive organizational information, the risk of data leakage increases. The company's platform is designed to identify, classify, and monitor sensitive data, preventing real-time leaks across various environments including SaaS, email, endpoints, and GenAI tools.

The Series B round was led by Crosspoint Capital Partners, with participation from existing investors YL Ventures and Paladin Capital Group. MIND Security was co-founded by CEO Eran Barak, who previously co-founded Hexadite (sold to Microsoft for $100 million), CTO Itai Schwartz, and Head of Development Hod Ben-Nun, a veteran of Unit 8200 and an early employee at Dazz.

The company currently employs around 70 people, with about 40 in Israel and the rest in the U.S. The new funding will be used to double its product and development teams in Israel and expand sales and marketing operations. MIND Security has reported acquiring dozens of clients in the past year, including Fortune 500 companies in finance, healthcare, industry, and technology.