Mindgard secures £3m seed funding from IQ Capital and Lakestar to launch AI security platform
The seed round was led by IQ Capital and Lakestar to commercialise the Lancaster University spin-out's enterprise security software for artificial intelligence.
Share allotment filed at Companies House
Mindgard provides automated security testing and red teaming software designed to protect enterprise artificial intelligence systems from runtime vulnerabilities.
Mindgard has secured £3m in a seed funding round led by IQ Capital and Lakestar to launch its enterprise AI security platform and accelerate growth.
The London-based deeptech company, which originated as a spin-out from Lancaster University, provides tools for organisations to detect, assess, and respond to security threats targeting large language models and other artificial intelligence assets.
The fresh capital will be directed towards rolling out the platform to commercial enterprises and expanding operations following initial deployments with intelligence organisations.
From the founder
"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."
Peter Garraghan
CEO at Mindgard
Investor perspective
"AI models are an emerging critical attack surface for organisations increasingly seeking to deploy AI"
Archie Muirhead
Partner, IQ Capital
Use of funds
- 01Continue product development
- 02Expand into international markets
