Observed Signal · Aug 13, 2026 · Funding · Source: EU-Startups · Impact: 2/5 · Sentiment: Positive
Mindgard Raises €26M Series A for Enterprise AI Security
Mindgard, an AI security startup based in Boston and London, has raised €26 million ($30 million) in a Series A round led by Album VC, with participation from Karma Ventures and existing investors .406 Ventures, Atlantic Bridge, IQ Capital, and Lakestar. Founded in 2022 by Dr. Peter Garraghan and spun out of Lancaster University, Mindgard provides a platform for discovering, assessing, and defending AI systems. Its technology performs Shadow AI discovery, AI red teaming, and runtime AI protection across models, agents, and applications. The company says it has disclosed more than 150 high-impact vulnerabilities in widely used AI products, including Cursor IDE, Google Antigravity, and ChatGPT. The funding will support expansion across product, engineering, sales, and marketing as demand from Fortune 2000 companies grows.
AI security funding is relevant to enterprise AI infrastructure but has limited direct impact on AdTech operations; a €26M Series A is notable but not industry-shifting.
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Key Takeaways & Evidence Grounding
- Mindgard raised €26 million ($30 million) in Series A financing.
- The round was led by Album VC with participation from Karma Ventures, .406 Ventures, Atlantic Bridge, IQ Capital, and Lakestar.
- Mindgard was founded in 2022 by Dr. Peter Garraghan and spun out of Lancaster University.
- Mindgard's platform provides Shadow AI discovery, AI red teaming, and runtime AI protection.
- Mindgard has publicly disclosed more than 150 high-impact AI security vulnerabilities, including issues in Cursor IDE, Google Antigravity, and ChatGPT.
Connected Companies & Entities
3 Entities mapped“The round was led by Album VC with participation from Karma Ventures and existing investors .406 Ventures, Atlantic Bridge, IQ Capital, and ...”
“The round was led by Album VC with participation from Karma Ventures and existing investors .406 Ventures, Atlantic Bridge, IQ Capital, and ...”
“The round was led by Album VC with participation from Karma Ventures and existing investors .406 Ventures, Atlantic Bridge, IQ Capital, and ...”
Ontology Mapping & Concepts
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