Mine, an innovative data privacy and governance platform, announced today it has secured $30 million in Series B financing led by Battery Ventures. Significant additional investments were provided by PayPal Ventures, Nationwide Ventures, and all previous backers. The company will leverage the new capital to scale its B2B data management product MineOS.
Powered by advanced AI, MineOS features an intuitive no-code interface that sets a new standard for automation and accuracy in data discovery. It enables companies to automatically map their entire digital infrastructure, identify personal information within those systems, and grant data subjects more control. Adoption has rapidly increased among diverse customers from emerging startups to large enterprises across many industries.
Originating from a B2C product, Mine brings a consumer-centric approach focused on streamlining data inventory, classification, and privacy. MineOS continuously unveils near complete structured and unstructured data coverage across cloud and on-prem sources. It also provides the industry’s most thorough cloud asset scan. Additional capabilities span AI risk assessments, shadow IT management, compliance procedures, DSR fulfillment, and security monitoring.
As the singular hub for end-to-end data lifecycle oversight, Mine currently serves over 2,000 businesses through its free offering and over 150 paying mid-market and enterprise clients like Reddit, FIFA, and Data.ai. Its customer base stretches worldwide across North America, Europe, Israel, and Canada demonstrating the versatile appeal of the platform.
Mine addresses the pressing need for turnkey data governance and privacy solutions to navigate proliferating regulations and demands for transparency. By automating intensive manual efforts, Mine eases customer frustrations through a more efficient automated program. The expected ROI is typically achieved within one year.