Unlocking Data Privacy: Mine’s No-Code Approach Nets $30 Million in Funding

An Israeli data privacy company, Mine Inc., has announced that it has completed a $30 million Series B fundraising round led by Battery Ventures, PayPal Ventures, as well as the investment arm of US insurance giant Nationwide, with the participation of a third investor. In addition to Gradient Ventures, Saban Ventures, MassMutual Ventures, and Headline Ventures, which are all existing investors, Google’s AI fund Gradient Ventures also joined the round of investment.

Using artificial intelligence and specifically natural language processing, Mine is capable of scanning your inbox to identify which companies have access to your personal information, as well as allowing you to delete any information that you had no reason to have access to. 

There were a lot of concerns that people had concerning GDPR, and the product sparked a lot of interest: initially free, the startup managed to rake in about 5 million users in just a few weeks.

Next, the company was able to expand its user base to include business users and enterprise applications. 

Mine can figure out all of the locations where the end user is installing and using customer or business data from a scan of the user’s inbox and log-on authenticity. In this instance, it struck a chord with the privacy officers who are responsible for keeping companies in compliance with privacy rules and that resonated with them as well.

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