Venture capital fund Karma Ventures participated in the USD 30 million Series A funding round of Mindgard, an AI security company headquartered in Boston and London. The round was led by Album VC, with participation from existing investors 406 Ventures, Atlantic Bridge, IQ Capital, and Lakestar.
Mindgard, founded in 2022 as a spinout from Lancaster University’s AI security research lab, develops a platform that helps organisations discover, assess and protect AI models, agents and applications against emerging threats. Its technology has uncovered and publicly disclosed more than 150 high-impact security and safety vulnerabilities in widely used AI products.
With the new investment Mindgard is planning to scale its product, engineering, sales and marketing teams and expand its global reach to meet growing demand from enterprise customers deploying AI in production across financial services, pharmaceuticals, gaming, digital services, semiconductors and healthcare.
Karma Ventures is a venture capital firm specialising in late seed and A round investments in Europe’s most promising technology startups.
COBALT advised Karma Ventures on the transaction documentation, the team included Partner Kristel Raidla-Talur and Associate Paul Schifrin.
Leading experts
