MIND is a Seattle-based startup founded by cybersecurity experts Itai Schwartz, Eran Barak, and Hod Bin Noon. The company recently raised $11 million in a seed round and aims to help companies protect their data using various algorithms and automation to mitigate risks and prevent leaks with sensitive unstructured data. The startup is looking to take advantage of the increasing amount of data used by companies, driven in part by the AI boom. Some of MIND’s customers include education company Guild, cloud platform Akamai, and translation service Lionbridge.
Eran Barak, co-founder and CEO of MIND, previously founded Israeli security startup Hexadite, which was acquired by Microsoft in 2017. Barak is based in Seattle along with four other colleagues, while the rest of the MIND team is spread across the U.S. and in Tel Aviv, totaling more than 30 employees. Itai Schwartz, the co-founder and CTO, was the first employee at security automation startup Torq, and Hod Bin Noon, co-founder and VP of R&D, was the first employee at another security startup, Dazz. All three co-founders have backgrounds in the secretive Israeli military cyber warfare unit 8200.
The seed round for MIND was led by YL Ventures, a venture capital firm based in Silicon Valley and Tel Aviv. Other leaders at publicly traded cybersecurity companies also invested in the startup. With the increasing importance of data protection for companies, MIND aims to provide solutions to help mitigate risks and prevent data leaks, using their expertise in cybersecurity and their innovative algorithms and automation tools. The company is looking to capitalize on the growing amount of data being used in various industries, particularly with the rise of artificial intelligence technologies.
MIND’s approach to data protection involves using algorithms and automation to help companies identify and address risks associated with their sensitive unstructured data. By focusing on helping companies prevent data leaks and mitigate risks, MIND aims to provide valuable services in an increasingly data-driven business environment. With their team of cybersecurity experts and the experience of their co-founders in military cyber warfare units, MIND is well-positioned to provide cutting-edge solutions to companies looking to protect their data.
The leadership team at MIND brings a wealth of experience in the cybersecurity industry, with backgrounds in founding and working at successful security startups and a history of serving in elite military cyber units. This expertise, combined with their innovative approach to data protection using algorithms and automation, positions MIND as a valuable partner for companies looking to enhance their data security measures. By leveraging their unique skills and insights, MIND is able to help companies protect their data and mitigate risks in an increasingly complex and data-driven business landscape.
Overall, MIND’s seed round funding and emergence from stealth mode mark the beginning of an exciting journey for the cybersecurity startup. With a focus on using algorithms and automation to protect companies’ data, MIND aims to provide valuable solutions to help mitigate risks and prevent leaks in sensitive unstructured data. With a strong leadership team and a growing roster of customers, MIND is poised to make a significant impact in the cybersecurity industry and help companies navigate the challenges of an increasingly data-driven business environment.
