Mine Secures $30 Million in Series B

by Kay Aloha Villamor in December 7th, 2023

Mine, a Tel Aviv, Israel-based data privacy company with a mission to redefine data privacy and governance management for companies globally, has secured $30 million in Series B funding.  

SaaS Investors  

The round was co-led by Battery Ventures and PayPal Ventures. Other significant investors include Nationwide Ventures, Saban Ventures, Gradient Ventures (Google's AI), MassMutual Ventures, and Headline Ventures.  

Founded in 1983, Battery Ventures is a venture capital firm based in Boston, Massachusetts. The firm seeks to invest in companies operating in technology and software companies primarily in the application software, infrastructure software, consumer, industrial technology, and life science tools sectors.  

Founded in 2002, PayPal Ventures is the corporate venture arm of PayPal Holdings based in San Jose, California. PayPal Ventures invests in financial services, commerce enablement, and data and infrastructure companies.  

Mine Use of Funds  

The funding will be used to scale Mine's enterprise-grade product, MineOS, which offers a no-code experience with integrated AI technology for data privacy and governance management.  

About Mine  

Established in 2018 by Gal Ringel, Kobi Nissan, and Gal Golan, Mine is a company specializing in data privacy. Its flagship product, MineOS, is a B2B enterprise-grade solution that focuses on data discovery with a no-code, user-friendly interface powered by AI. The platform assists in data privacy and governance, offering tools like AI Risk Assessments, Shadow IT Management, and compliance handling. The platform serves over 2,000 customers through its free tier offering and over 150 mid-size and enterprise customers, including Reddit, HelloFresh SE, FIFA, and Data.ai.  

Funding Details    

Company: Saymine Technologies Ltd.

Raised: $30.0M       

Round: Series B  

Funding Month: December 2023        

Lead Investors: Battery Ventures and PayPal Ventures  

Additional Investors: Nationwide Ventures, Saban Ventures, Gradient Ventures (Google's AI), MassMutual Ventures, and Headline Ventures  

Company Website: https://www.saymine.com/   

Software Category: Data Privacy  

Source: https://www.prnewswire.com/news-releases/mine-secures-30-million-in-series-b-funding-to-transform-the-landscape-of-data-privacy-governance-for-the-enterprise-302005981.html  





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