Mindgard, an AI security company headquartered in Boston and London that grew out of more than a decade of research at Lancaster University, has closed a $30m Series A funding round.
The round was led by Album VC, with participation from Karma Ventures alongside existing backers .406 Ventures, Atlantic Bridge, IQ Capital and Lakestar.
Mindgard intends to put the fresh capital towards scaling its product, engineering, sales and marketing functions as it responds to growing customer demand.
The company brings together specialist AI security research and offensive security know-how to help organisations test and safeguard their AI systems from attackers. Drawing on what it describes as the world’s largest AI security lab at Lancaster University, Mindgard has built what it says is the first platform capable of capturing and exploiting a newly identified “psycho-technical” attack surface found within AI models, agents and applications.
The firm has already publicly disclosed more than 150 significant security and safety flaws across widely used AI products, ranging from a zero-day code execution bug in the Cursor IDE to a trusted-workspace weakness in Google Antigravity and shortcomings in ChatGPT’s image-generation guardrails. This intelligence feeds into a proprietary knowledge base that continually sharpens the Mindgard AI Security Platform, giving security teams ongoing access to advanced offensive and defensive tools at a scale the company says rivals cannot match.
Mindgard’s platform helps organisations discover, assess and defend their AI estates through capabilities including Shadow AI discovery, AI red teaming and run-time AI protection, covering models, agents and applications alike.
The new funding round follows a rapid rise in Mindgard’s adoption across a large share of the Fortune 2000 as well as other AI-focused businesses operating in 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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