Israeli Cyber Firm MIND Security Raises $72 Million Amidst Rapid Revenue Growth

Israeli cybersecurity firm MIND Security has successfully raised $72 million in a new funding round, just over a year after securing $30 million. This rapid follow-on investment is fueled by a dramatic 17-fold increase in the company's revenues since its previous funding round in June 2025. The latest round was led by Crosspoint Capital Partners, with participation from existing investors Paladin Capital Group and YL Ventures. The funding values MIND Security at approximately $400 million, with the capital going directly into the company rather than to selling shareholders. Since its inception, MIND Security has now raised a total of about $112 million.

MIND Security was founded by Eran Barak, Itay Schwartz, and Hod Ben-Nun, all veterans of the elite Unit 8200. Barak, who is based in Seattle while the company's R&D is in Tel Aviv, previously co-founded Hexadite, which was acquired by Microsoft for around $100 million in 2017. The company currently employs nearly 100 people and plans to double its workforce to approximately 200 within two years, expanding its development, sales, and operations teams to serve larger organizations.

The company's significant revenue growth is partly attributed to multi-year contracts worth hundreds of thousands of dollars with major clients, including Sony's anime streaming service Crunchyroll and China's Sungrow Power Supply. While specific current revenue figures are not disclosed, MIND Security aims to at least double its revenue next year and achieve $100 million in annual recurring revenue by the end of 2028. Barak also has ambitions to build the company into a $1 billion entity, nearly 2.5 times its current valuation.

MIND Security operates in the enterprise data loss prevention (DLP) market, focusing on mapping sensitive information, controlling access, and monitoring data flow in real-time, especially concerning AI agents. The increasing use of AI tools by organizations presents new challenges for data security, as autonomous agents can access and transfer sensitive information at unprecedented speeds. This evolving threat landscape is attracting significant investment in Israeli cybersecurity companies, with others like Mate Security and Symphony also recently securing substantial funding rounds.

This latest funding provides MIND Security with the resources to scale its product and sales operations during a period of heightened AI adoption. The company's next challenge will be to sustain its exceptional growth rate from a larger revenue base and demonstrate its ability to retain clients long-term to meet its ambitious revenue and valuation targets.