UK-based deeptech AI security startup, Mindgard has raised £3 million in a seed funding round to accelerate growth as it launches its platform and expands operations in the UK. Investing in the round were IQ Capital and Lakestar.
A spin-out from Lancaster University, Mindgard was founded by Dr. Peter Garraghan, Steve Street, and Dr. Neeraj Suri. The platform is designed to give a comprehensive overview of the issues that arise from security for AI. The fully integrated platform provides threat analysis, and the detection of bad actors and automates a response.
“Currently, Mindgard is deployed by key intelligence organisations around the world to assess, detect, and respond to AI issues and attacks as they happen. With this seed funding, Mindgard now becomes available to enterprises that need to protect their operations against the rapidly-evolving AI threat landscape. We are defining and driving the security for AI space, and believe that Mindgard will quickly become a must-have for any enterprise with AI assets,” says Garraghan.
“AI models are an emerging critical attack surface for organizations increasingly seeking to deploy AI,” says Archie Muirhead, partner at IQ Capital. “Mindgard provides the most comprehensive solution to manage this surface and reduce risk. With Mindgard’s platform, the complexity of model assessment is made easy and actionable through integrations into common MLOps and Sec Ops tools and an ever-growing attack library. We are happy to back a remarkable founding team spinning out of a world-leading AI security lab at Lancaster.”