I’m thrilled to announce the launch of MIND following a $11M seed round led by YL Ventures and supported by cybersecurity leaders at Adobe, ADT, CrowdStrike and FireEye. Their innovation marks the next phase of Data Loss Prevention (DLP) with real-time insights and context to accommodate today’s fast-paced workflows.
If you’ve been in the cybersecurity trenches for a while, you know that DLP has been stuck in a rut, with traditional solutions failing to keep pace with the evolving threat landscape and modern data environments. As someone who was there when DLP first emerged, it’s exciting to see a solution like MIND that promises to redefine and advance a very stale–but critical–industry domain.
Minding the Gaps
MIND isn’t just an incremental upgrade; it’s a reimagining of DLP. Traditional DLP solutions have been clinging to outdated client-server models, struggling to keep pace with the needs of today’s multicloud and SaaS environments. Designed for static, on-premises setups, these tools often miss the mark on accuracy and efficiency, resulting in frustratingly high false positives and missed threats.
A Fresh Mindset
MIND bridges old DLP gaps with real-time accuracy and adaptability. That’s already a major step up. But what truly sets MIND apart is its use of context-aware, risk-based insights. The platform’s real-time, contextual visibility allows security teams to pinpoint data risks and respond to genuine threats with far greater precision than we’ve had before.
Mindful Innovation
MIND’s launch underscores the critical need for continuous innovation–even in cybersecurity’s dustiest corners. There are a lot of lessons to be learned from how their fresh thinking and application of new technology is finally breaking through persistent challenges and transforming tired, longstanding practices. MIND’s success serves as a powerful example of how core issues need constant rethinking. This proactive and forward-thinking approach is essential for staying ahead in an ever-evolving threat landscape.
Keeping Minds Aligned
This marks our second collaboration with Eran Barak, CEO of MIND. Our previous partnership was with Hexadite, which was successfully acquired by Microsoft. Eran brings a wealth of experience from his roles at Microsoft and as a seed investor in cybersecurity. Joining him at MIND is CTO Itai Schwartz and VP of R&D Hod Bin Noon, both highly impressive technologists with particularly distinguished experience in building massively successful products from the ground up.
At YL Ventures, we seek out founders who are not only highly skilled but also deeply committed to tackling critical challenges. With MIND, we have found a team dedicated to advancing the field of DLP. Our partnership has been characterized by mutual respect and a shared vision, and we are excited to support this groundbreaking solution.
Working with Eran, Itai and Hod has been a privilege. The team’s visionary approach and dedication to enhancing data protection have been key to bringing MIND to fruition. As we continue to back MIND, we eagerly anticipate how their innovative solution will drive progress in data security and set new benchmarks for the industry. This collaboration exemplifies how visionary leadership and cutting-edge technology can transform cybersecurity and push the boundaries of what’s possible.
