Mirror Security Raises €2.1 Million To Advance FHE-based AI Security In Collaboration With Intel

The round was led by Sure Valley Ventures (SVV) and Atlantic Bridge, with participation from strategic angel investors.

Pankaj Thapa, co-founder and CEO, Mirror Security, says: “AI is transforming productivity and reshaping industries, but unsecured data flows pose an urgent risk that threatens to stall adoption. With VectaX, we replace policy-based trust with cryptographic proof, ensuring that sensitive information remains encrypted even during computation. Our mission is bigger than protecting data we are building the trust layer for the AI economy.“

In 2025, multiple European startups in cryptography and AI-security attracted new funding, highlighting the growing investor interest in privacy-focused and encryption-driven technologies, and providing context for Mirror Security’s pre-Seed investment.

In 2025 European cryptography and AI-security startups saw significant funding: Austria’s Quantum Industries raised €9.5M for quantum-secure communications, France’s Zama secured €49M to scale fully homomorphic encryption for confidential smart contracts, and Paris-based Zaiffer obtained €2M for confidential-token protocols.

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This €60M+ activity highlights strong momentum for cryptography focused infrastructure. Mirror Security’s work on encrypted AI computation aligns with this European trend toward privacy preserving technologies with its Irish base well positioned within the region’s growing security and encryption ecosystem.

“Just as the internet required a secure foundation to scale, AI now demands a new security paradigm. Mirror Security is pioneering that paradigm, enabling enterprises and governments to innovate confidently, knowing their data, strategies and sovereignty are protected by design. We believe this is the cornerstone for AI’s next decade of growth,” adds Thapa.

Founded in 2024 by Pankaj Thapa and Dr. Aditya Narayana K, Mirror Security blends cutting-edge academic research with enterprise-ready solutions, delivering advanced encrypted AI and cybersecurity technologies for real-world applications.

As organizations adopt AI the risk of exposing sensitive data rises. Mirror addresses this with its Fully Homomorphic Encryption (FHE) platform, VectaX, enabling AI systems to analyze and process proprietary information while keeping it fully encrypted and secure.

Barry Downes, Managing Partner, Sure Valley Ventures comments: “Mirror Security is building the encryption layer for AI – setting a new standard for how data is protected across the AI ecosystem. Its technology enables the secure processing of encrypted data, creating a foundation for the next generation of enterprise AI. We look forward to supporting the Mirror team as they scale this breakthrough technology globally.”

The company also revealed a multi-million-dollar strategic partnership with Inception AI, a G42 subsidiary and leader in agentic AI solutions. Under the deal, Mirror will integrate its full AI security stack across Inception’s enterprise and government ecosystem, supporting secure, scalable AI adoption worldwide. Mirror has additionally partnered with Intel, MongoDB, Qdrant, SiSys AI, and Accops.

Weili Wang, Investor at Atlantic Bridge adds: “Data security remains one of the most significant hurdles to AI adoption, with organisations concerned about exposing proprietary information during model training and inference. Mirror Security’s differentiated FHE technology provides a unique solution for secure AI deployment without compromise. We are delighted to partner with the team and support this mission through our global network of cybersecurity and AI leaders.”

The funding will be used to grow Mirror’s engineering and AI security teams in Ireland, the US, and India, speed up product development in encrypted inferencing and secure fine-tuning, and support rapid expansion into US enterprise markets.

About Mirror Security

Mirror Security, spun out of University College Dublin, is a global leader in GenAI-native cybersecurity. Its platform protects AI systems with AgentIQ for agentic security, DiscoveR for automated red teaming and VectaX for fully homomorphic encryption. Operating in Ireland, the US, and India, it sets the global standard for AI security.