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Mindgard, a London-based cybersecurity firm that specializes in artificial intelligence (AI) security solutions, has recently raised $8 million in funding. It will be used to accelerate its research and development efforts while also paving the way to enter the U.S. market.
Company Overview
Founded in May 2022, Mindgard is an AI security leader which provides an automated platform for continuous security testing and red teaming of AI systems. With this tool, businesses are able to detect, assess, and protect critical AI technologies against adversarial attacks.
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Funding Details
The $8 million funding round was led by.406 Ventures, with participation from Atlantic Bridge, Willowtree Investments, and existing investors IQ Capital and Lakestar. This investment is an affirmation of the growing recognition of AI security’s importance in today’s digital landscape.
Strategic Objectives
With this investment, Mindgard looks to:
- Accelerate R&D: Enhance its AI security platform to address emerging threats and adapt to the evolving AI landscape.
- Expand into the U.S. Market: Open up to the United States to serve a wider clientele and unlock new opportunities.
Technological Innovation
The DAST-AI product solution by Mindgard enables continuous security testing and automatic AI red teaming, ensuring its continuous integration and deployment across the lifecycle of AI.
This platform, an industry first that is also award-winning, enables the making of AI security both actionable and auditable while arming organizations with necessary tools to safeguard their systems against novel threats that are unable to be addressed using traditional security measures.
Market Context
As AI becomes more and more integral to business operations, the prospect of adversarial attacks on AI systems has increased. Mindgard has solutions for this critical need-automated attack detection and defense mechanisms that ensure AI implementation remains secure and reliable.
Future Outlook
With the new funding, Mindgard is set to grow its presence dramatically, including its planned entry into North America. The company will use the funds to accelerate R&D and expansion into the U.S., thus positioning itself as a major player in the AI security domain.
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