AI security scaleup Mindgard has raised $30m (£22.2m) in a Series A funding round to expand its offensive security and threat assessment software for AI systems.
Spun out of Lancaster University, Mindgard operates dual headquarters in London and Boston.
The company has developed a platform to assess and protect AI systems through shadow AI discovery, continuous red teaming, and real-time threat protection to identify vulnerabilities across AI models, autonomous agents, and enterprise applications.
“AI is creating an entirely new attack surface and organisations need a fundamentally different approach to securing it,” said James Brear, chief executive of Mindgard.
“We don’t just automate attacks. We operationalise expertise, turning the knowledge of leading AI security researchers and offensive security practitioners into the capabilities every enterprise needs to secure their AI.”
According to Mindgard, its platform has been used to publicly disclosed more than 150 high-impact AI safety and security vulnerabilities in widely used tools, including zero-day flaws in Cursor IDE, Google Antigravity, and guardrail bypasses in OpenAI’s ChatGPT.
The investment round was led by Album VC with participation from Karma Ventures alongside existing investors .406 Ventures, Atlantic Bridge, IQ Capital, and Lakestar.
“Organisations are moving AI into critical operations without security infrastructure designed for how these systems operate in practice,” said Ty Boswell, a partner at Album VC.
“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.”
Read more: Mindgard founder: Groundbreaking technology alone isn’t enough
