Mine, a pioneering company disrupting the data privacy market, has announced that it has raised US$30 million in Series B funding, co-led by Battery Ventures and PayPal Ventures, with significant investments from Nationwide Ventures and with the participation of all existing investors including Saban Ventures, Gradient Ventures (Google’s AI), MassMutual Ventures and Headline Ventures. This substantial investment will propel Mine’s mission to redefine data privacy and governance management for companies globally, enabling them to gain better control over their data and simplify regulatory compliance processes to get peace of mind.
With this investment, the company will scale its B2B enterprise-grade product, MineOS. MineOS distinguishes itself with its intuitive, no-code experience, seamlessly integrated with advanced AI technology. This integration not only sets a new industry benchmark in automation and accuracy but also revolutionises the data discovery process, making it more accessible and efficient for businesses of all sizes to automatically discern the apps and infrastructure they employ, identify personal data within these systems, and grant individuals control over their data usage.
“The rapid growth in popularity of Generative AI has underscored the critical importance of data privacy and makes this an exciting time to invest in Mine,” said Alan Du, Partner at PayPal Ventures. “With Mine, enterprises of all sizes can compliantly harness the power of Generative AI and safeguard the privacy and data of their customers.”