One Pager: MIND
Magic: MIND's AI-powered DLP technology offers real-time threat detection and prevention across cloud, on-premises, and hybrid environments. Their proprietary algorithms can identify and protect sensitive data with higher accuracy than traditional rule-based systems, reducing false positives and improving overall security posture.
Market Segment: The data loss prevention (DLP) market is experiencing rapid growth, with a projected CAGR of 23.5% from 2025 to 2030. As data breaches become more frequent and costly, enterprises are increasingly prioritizing DLP solutions. The total addressable market is expected to reach $8.5 billion by 2028.
Model: MIND operates on a B2B SaaS model, targeting mid to large enterprises across various industries. They offer tiered pricing based on data volume and user count, with additional modules for specific compliance requirements. This model allows for high recurring revenue and upsell opportunities.
Management: The founding team comprises cybersecurity experts with previous exits in the space. The CEO, formerly a senior executive at a leading cybersecurity firm, brings deep industry connections and go-to-market expertise.
Eran Barak (CEO): LinkedIn. Previously founded Hexadite, acquired by Microsoft in 2017. Former senior executive at CyberArk
Itai Schwartz (CTO): LinkedIn. Former CTO at Hexadite. Extensive experience in cybersecurity and software development.
Hod Bin Noon (VP of R&D): LinkedIn. Former VP of R&D at Hexadite. Expert in AI and machine learning applications in cybersecurity
Momentum: MIND has secured contracts with three Fortune 500 companies in the past six months, demonstrating strong product-market fit. They've achieved 150% year-over-year revenue growth and maintain a 95% customer retention rate. MIND has raised $11 million in seed funding to date. The investment round was led by YL Ventures, with participation from cybersecurity leaders at prominent companies such as CrowdStrike, Adobe, ADT, and FireEye.
What We'd Have to Believe:
Data breaches will continue to be a top concern for enterprises, driving DLP adoption.
MIND's AI technology can maintain a significant edge over competitors.
The team can scale operations to capture 15% market share within five years.
MIND can achieve a $1B+ valuation within 7 years, providing a 10x return on investment.