Israeli AI-native data loss prevention (DLP) platform MIND today announced the completion of a $72 million Series B financing round, led by Crosspoint Capital Partners with participation from existing investors Paladin Capital Group and YL Ventures. The round brings MIND's total funding to $112 million. Market sources estimate the money was raised at a company valuation of $300 million.
MIND was founded in 2013 by CEO Eran Barak, who previously founded Hexadite, which was acquired by Microsoft for $100 million in 2017. Barak founded the company together with CTO Itai Schwarz and VP R&D Hod Bin Noon. MIND is headquartered in Seattle with its development center in Israel. In the past year, MIND says it has achieved over 1,700% revenue growth and 800% customer growth.
Barak says, "Security leaders are being asked to protect data that moves at AI speed with complex, manual and incomplete tools designed for a slower world. In less than two years since emerging from stealth, we’ve built an eight-figure revenue business trusted by dozens of customers. Our results, and this funding, put MIND among a select group of cybersecurity companies scaling at this pace, but what matters most is how this will accelerate our growth and bring Stress Free DLP to every enterprise working to achieve AI governance and security."
MIND has developed a data security platform that puts DLP and insider risk management (IRM) programs on autopilot to deliver both data security posture and data loss prevention and helps enterprises protect their most sensitive data.
The new funds will allow MIND to accelerate the development of its simple, autonomous and complete Stress Free DLP platform and meet the exponential demand for more effective data security in the AI era. The investment will help MIND increase its presence in major enterprise markets, deepen strategic technology and channel partnerships and expand its team to serve a rapidly growing customer base.
Published by Globes, Israel business news - en.globes.co.il - on September 17, 2026.
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