AI security startup Mindgard today announced it has raised $30 million in Series A funding, bringing the company’s total raised to nearly $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 off from Lancaster University and headquartered in London and Boston, Mindguard built an automated AI security and orchestration platform to help organizations identify and respond to AI risks.
According to the company, its platform can capture and exploit the psychotechnical attack surface within AI agents, models and applications.
Mindgard acts as a red team to identify exploits, assess risk and protect AI systems. It maps the entire attack surface, continuously analyzes it, and provides runtime protection to stop attacks dead in their tracks.
The solution has already exposed over 150 vulnerabilities in popular AI products, including a zero-day code execution flaw in Cursor IDE and security flaws in Google Antigravity and ChatGPT.
Mindgard will use the new funding to expand its product, engineering, sales and marketing teams. The investment will help accelerate deployment in the 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 Breyer.
“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 protect its AI,” Breer added.
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