Mindgard, the AI security specialist built on more than a decade of research from Lancaster University’s AI security lab, headquartered across Boston and London, has closed a $30m Series A funding round.
The round was led by Album VC, with backing from Karma Ventures and existing shareholders .406 Ventures, Atlantic Bridge, IQ Capital and Lakestar.
Mindgard intends to put the capital towards growing its product, engineering, sales and marketing functions as customer interest in its offering continues to build.
The firm brings together specialist AI security research and offensive security know-how to help organisations test and safeguard their AI systems against attackers. Drawing on what it describes as the world’s largest AI security lab, Mindgard says it has built the first platform able to identify and exploit a newly identified “psycho-technical” attack surface found across AI models, agents and applications.
To date, the company has uncovered and publicly reported over 150 significant security and safety flaws in widely used AI tools, among them a zero-day remote code execution bug in the Cursor IDE, a workspace trust weakness in Google’s Antigravity, and shortcomings in ChatGPT’s image-generation safeguards. These findings feed a proprietary knowledge base that continually sharpens the capabilities of the Mindgard AI Security Platform.
Mindgard’s Security Platform is designed to help enterprises uncover shadow AI usage, carry out red-teaming exercises against AI systems and provide protection while those systems are running.
The new investment comes on the back of rapid uptake of Mindgard’s technology among a substantial share of the Fortune 2000 alongside other AI-focused businesses spanning financial services, pharmaceuticals, gaming, digital services, semiconductors and healthcare.
Mindgard CEO James Brear said, “AI is creating an entirely new attack surface and organizations need a fundamentally different approach to securing it.
“We don’t just automate attacks. We operationalize expertise, turning the knowledge of leading AI security researchers and offensive security practitioners into the capabilities every enterprise needs to secure their AI. This investment will expand our global reach and help make attacker-driven AI security a core part of how organizations implement and manage AI.”
Album VC partner Ty Boswell said, “Organizations are moving AI into critical operations without security infrastructure designed for how these systems operate in practice.
“Mindgard has translated deep research and elite offensive-security expertise into a continuously evolving capability that enables enterprises to stay ahead of emerging AI threats. We believe this team can define the AI security category.”
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