Mine co-founders
Mine, an Israeli startup that offers a new way to help people protect their privacy and personal information when they go online, raised $30 million in a Series B funding round led by Battery Ventures and the investment arm of PayPal.
With the use of artificial intelligence (AI), Mine lets users track what exactly happens with all the data that they share with various websites, as well as the ability to delete it.
Co-founded in 2019 by CEO Gal Ringel, CTO Gal Golan and CPO Kobi Nissan, all veterans of IDF cyber security units, Mine is an AI smart data assistant that connects consumers and companies around data privacy rights. Mine declares that with its new service consumers can discover and manage their personal data online, while companies can use the end-to-end platform to streamline and automate their privacy management and increase brand trust.
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The company boasts that its MineOS “drives the industry’s fastest time-to-value by using AI and unique discovery methods to seamlessly adapt your business’s data processes to universal privacy standards.”
We all need to share our personal data online for just about anything that we do these days, from online shopping to using social media. The company’s founders explain that they understand that people feel like they have no control over what happens with their personal data. “As sharing our data has become a requirement for anyone who wants to enjoy the internet, we decided it was time to make data rights accessible to everyone,” they say. This is why they founded Mine, “to build a new future of data ownership that gives users transparency and choice over the data they share online.”
“The funding was completed in the second week of October, a week after the outbreak of the war. Despite the difficult situation in the financial markets, since March last year, we have managed the company in a very careful and disciplined way while reducing monthly expenditure as well as significantly increasing revenue to a rate of millions of dollars,” said Mine CEO Gal Ringel.
