# Mindgard

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mindgard

- Industry: Software
- Headquarters: Boston, US
- Website: www.mindgard.ai/
- Total disclosed funding: $34M
- Latest round: Series A (Aug 12, 2026)
- Investors on record: 6

## About

Founded in 2022 and based in Boston, USA, Mindgard Limited is a deep tech spin-out from Lancaster University that operates as an artificial intelligence security company that analyze counterproductive risks against businesses AI models. Peter Garraghan (CEO/CTO), Steve Street (CRO/COO), and Neeraj Suri (CSO) are the co-founders of the company. In August 2026, Mindgard Ltd raised USD 30 million in series A funding led by Album VC, with participation from Karma Ventures, .406 Ventures, Atlantic Bridge, IQ Capital and Lakestar. The round was part of larger USD 38 million Series-A funding.

The company's flagship product is an AI threat assessment tool designed to identify and evaluate vulnerabilities in AI models and systems. The firm’s AI tool capability allows it to automate threat assessment across a multitude of attack scenarios. Mindgard's modular subcomponent architecture allows integration with existing AI models, software frameworks, and hardware platforms. In addition, the company offers AI security auditing services for both the developmental and production phases. Its automated attack detection features provide real-time insights and countermeasure recommendations tailored to specific AI deployments. The product also fosters collaboration among developers, security auditors, and stakeholders, facilitating swift and informed decision-making.

The company will use the August 2026 funding to build out key product, engineering, sales, and marketing functions as customer demand continues to grow.

## Funding rounds

- Series A, Aug 12, 2026, $30M — Atlantic Bridge, .406 Ventures, IQ Capital, Lakestar, Album VC, Karma Ventures
- Seed, Aug 18, 2023, $3.8M — IQ Capital, Lakestar

## Investors

- IQ Capital (https://capitalatlas.ai/funds/iq-capital) — Seed, Series A
- Lakestar (https://capitalatlas.ai/funds/lakestar) — Seed, Series A
- Atlantic Bridge (https://capitalatlas.ai/funds/atlantic-bridge) — Series A
- .406 Ventures (https://capitalatlas.ai/funds/406-ventures) — Series A
- Album VC (https://capitalatlas.ai/funds/album-vc) — Series A
- Karma Ventures (https://capitalatlas.ai/funds/karma-ventures) — Series A