Mindgard Secures $8M for AI Security Expansion
Mindgard, a dynamic company based in London, UK, has made significant strides in the realm of Artificial Intelligence security, successfully raising $8 million in funding. This investment round was spearheaded by .406 Ventures, with additional contributions from prominent firms such as Atlantic Bridge, Willowtree Investments, and existing stakeholders including IQ Capital and Lakestar. The influx of capital will enable Mindgard to enhance its research and development efforts while also facilitating its strategic expansion into the lucrative U.S. market, highlighting the company's ambition to solidify its presence in the AI security landscape.
Under the expert leadership of Dr.
Peter Garraghan, who serves as the CEO, Mindgard focuses on delivering a cutting-edge Artificial Intelligence Security Testing platform. This innovative solution is designed to empower organizations to safeguard their AI systems against emerging threats that conventional application security tools often overlook. At the heart of Mindgard’s offering is the Dynamic Application Security Testing for AI (DAST-AI) solution, which provides continuous security testing and automated AI red teaming throughout the AI lifecycle. This groundbreaking approach makes AI security not only actionable but also auditable, significantly enhancing the security measures organizations can implement.
As part of its strategic growth plan, Mindgard has recently welcomed new executives to its team. Dave Ganly, who previously held the position of Director of Product at Twilio, and Fergal Glynn, the former Chief Marketing Officer at Next DLP (a company acquired by Fortinet), will be instrumental in driving the company’s product development initiatives. Their expertise will support Mindgard’s goal of expanding its footprint in the North American market, with a focused leadership presence in Boston. Together, these developments position Mindgard to take on the challenges of AI security in an increasingly complex technological landscape.
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