Mindgard funding news – Mindgard has Secured $8 Million in Funding

Mindgard, spun out of Lancaster University, offers a solution called Dynamic Application Security Testing for AI (DAST-AI). This tool identifies and fixes AI-specific vulnerabilities that can only be detected when the system is in use. For businesses using AI, continuous security testing is key to understanding risks throughout the AI lifecycle.

Dr Peter Garraghan, CEO of Mindgard and Professor at Lancaster University said, "All software has security risks, and AI is no exception, The challenge is that the way these risks manifest within AI is fundamentally different from other software. Drawing on our 10 years of experience in AI security research, Mindgard was created to tackle this challenge. We’re proud to lead the charge toward creating a safer, more secure future for AI."

Mindgard’s solution works with existing automation, helping security teams, developers, AI testers, and pentesters secure AI systems without changing their usual workflows.

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406 Ventures led the funding round, with support from Atlantic Bridge, Willowtree Investments, and existing investors IQ Capital and Lakestar. The company has also hired two new executives: Dave Ganly, former Director of Product at Twilio, and Fergal Glynn, former CMO at Next DLP (acquired by Fortinet). They will help with product development and lead Mindgard’s expansion into North America, with a new office in Boston.

According to Greg Dracon, Partner at .406 Ventures, the rapid adoption of AI has introduced new and complex security risks that traditional tools cannot address: “Mindgard’s approach, born out of the distinct challenges of securing AI, equips security teams and developers with the tools they need to deliver secure AI systems.”

About Mindgard

Mindgard is an AI security company that helps businesses test, detect, and protect against threats to their AI models. As more companies offer AI-driven services like LLMs, ensuring the security of these systems is becoming just as important.