DLP is getting rewritten for AI speed. MIND just raised the Series B to prove the category reset is real — or to buy the marketing frame.
On September 17 Seattle-based MIND announced a $72 million Series B led by Crosspoint Capital Partners, with participation from existing investors YL Ventures and Paladin Capital Group, according to the company PR Newswire release and independent confirmation from FinSMEs and Globes. The round comes roughly a year after a $30 million Series A. Total funding: $112 million. Valuation: Undisclosed in the company release. Valuation: Undisclosed. Secondary “market sources estimate” marks are not a disclosed round valuation.
What MIND sells, per the PR: an AI-native data loss prevention platform aimed at GenAI, Agentic AI, and IT environments — discover, classify, detect, remediate, and prevent sensitive data loss across SaaS, GenAI, Agentic AI, endpoints, on-premise file shares, and email. The company launched MIND AI DLP Agents that autonomously handle day-to-day DLP program work. Company claims in the same release: over 17x revenue and 8x customer growth in the past year; analyzed billions of data events in real time; stopped sensitive data loss across hundreds of thousands of endpoints. Treat growth multiples and endpoint counts as company claims until audited figures land. Named customer voice in the PR: Children’s Hospital Los Angeles CIO Conrad Band (PHI blocking from AI tools on endpoints) and National Geographic Society’s Mark DeCarlo (labeling, share restriction, AI-agent visibility).
Category framing is aggressive. Crosspoint Managing Director Zach Sivertson, via the PR, calls AI a force that increases the importance of unified DLP protecting data wherever it lives or moves, and cites conviction built since Crosspoint’s Series A investment and MIND’s selection as an RSAC Innovation Sandbox finalist. CEO Eran Barak’s thesis: DLP is a massive established market that was not built with AI in mind; AI accelerates how people and autonomous systems move sensitive data — and also the technology to reinvent protection. Company also claims first data security company accepted into Anthropic’s Cyber Verification Program and first to earn ISO/IEC 42001 for responsible AI (company claims).
Second sources: FinSMEs (Sep 17) confirms the $72M Series B, Crosspoint lead, YL Ventures and Paladin participation, and $112M total, without a valuation. Globes confirms the raise and total; it also relays that “market sources estimate” a ~$300 million valuation — that is an estimate, not a company disclosure. CyberMerge underwrites disclosed raise and total only. Valuation stays Undisclosed.
POV: “Complete DLP for the AI era” is either a category reset or a Series B slogan. The underwrite is simple: $72M led by Crosspoint, YL + Paladin in, $112M total after a $30M Series A about a year prior, valuation blank. Buyers should ask whether autonomous DLP agents plus GenAI/agent coverage displace legacy DLP suites — or whether enterprises keep the old suite and bolt on an AI sidecar. Crosspoint’s DLP-era pedigree (the firm’s principals helped define classic DLP at prior platforms, per MIND’s founders blog) is a credibility tell for category veterans. The blank valuation is not a license to print a mark. Raise confirmed by MIND / PR Newswire Sep 17, FinSMEs Sep 17, and Globes Sep 17.
Underwrite sheet — sourced only: $72M Series B led by Crosspoint Capital Partners; YL Ventures + Paladin Capital Group participate; ~1 year after $30M Series A; total funding $112M (PR + FinSMEs + Globes); valuation Undisclosed (company PR); Seattle HQ; AI-native DLP / Stress Free DLP framing; AI DLP Agents; company claims 17x revenue / 8x customers / billions of events / hundreds of thousands of endpoints; CHLA + NatGeo customer quotes (PR); Anthropic Cyber Verification + ISO/IEC 42001 claims (company); RSAC Innovation Sandbox finalist (Crosspoint via PR). Category reset or marketing frame? Underwrite the raise. Leave the mark blank.