Mindgard, a UK-based deeptech AI security startup that helps enterprises test, detect, and respond to adversarial threats against their AI models, raised £3 million in seed funding.
SaaS Investors
The funding round was led by IQ Capital and Lakestar.
Founded in 2006, IQ Capital Partners is a venture capital firm based in Cambridge, United Kingdom. The firm seeks to invest in artificial intelligence, data science, cybersecurity, the Internet of Things, life sciences, and software sectors.
Founded in 2012, Lakestar is a venture capital firm based in Zurich, Switzerland. The firm seeks to invest in early and growth-stage companies focused on the technology and internet sectors. The firm also invests in financial technology, healthcare, digitalization infrastructure, industrial, deep technology, games and media, B2B commerce, and climate technology
Mindgard Use of Funds
The seed funding will be used to accelerate its growth as it launches its platform and expands its operations in the UK.
About Mindgard
Founded by Dr. Peter Garraghan, Steve Street, and Dr. Neeraj Suri, Mindgard is an AI security company spin-out from Lancaster University, that offers a platform that provides a comprehensive overview of security issues related to AI. It includes threat analysis, detection of malicious actors, and automated response capabilities. The platform has been deployed by key intelligence organizations worldwide and is now being made available to enterprises seeking to protect their AI assets.
Mindgard aims to address the emerging threat landscape related to AI models and help organizations manage and reduce risk.
Funding Details
Company: Mindgard Ltd
Raised: £3.0M
Round: Seed Round
Funding Month: September 2023
Lead Investors: IQ Capital and Lakestar
Additional Investors:
Company Website: https://mindgard.ai/
Software Category: AI Security
Source: https://tech.eu/2023/09/05/uk-mindgard-tackles-security-for-the-ai-space-with-3m/