RCS - Mindflair PLC - Forcepoint launch product with Getvisibility

MindflairAnnouncement

22/07/2024 07:00

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RNS Number : 1884X  Mindflair PLC  22 July 2024

22 July 2024

Mindflair plc

("Mindflair" or the "Company")

Forcepoint launches comprehensive GenAl security in partnership with
Getvisibility

 

Mindflair plc, the company investing in next-generation technology focused on
AI, notes the announcement made by Forcepoint ("Forcepoint"), a global leader
in data-first cybersecurity solutions, that it has unveiled its comprehensive
GenAI Security solution, offering visibility, control, and risk-based data
protection across generative AI platforms, including integration with OpenAI's
ChatGPT Enterprise Compliance API.  Getvisibility, one of Mindflair's
investee companies, works closely with Forcepoint, powering part of this
overall solution.

Part of Forcepoint's mission is to deliver 'data security everywhere,'and this
solution empowers businesses and government agencies to securely leverage
GenAI innovations, accelerating their AI transformation while maintaining
stringent data security and compliance standards. The solution brings together
Forcepoint ONE Security Service Edge (SSE), a cloud-delivered platform for
controlling access and content on AI apps and other websites, Forcepoint ONE
Data Security
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.forcepoint.com%2Fproduct%2Fforcepoint-one-data-security&esheet=54095803&newsitemid=20240718395041&lan=en-US&anchor=Forcepoint+ONE+Data+Security&index=1&md5=39a3a95214ff1d74a3989e396dedf46a)
 and Forcepoint Data Security Posture Management
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.forcepoint.com%2Fproduct%2Fdata-security-posture-management-dspm&esheet=54095803&newsitemid=20240718395041&lan=en-US&anchor=Forcepoint+Data+Security+Posture+Management&index=2&md5=8ac589cfbf74001eb8e52a341084c3ca)
 (DSPM).

One of the elements of the Forcepoint solution is Forcepoint DSPM which
enhances the speed and accuracy of data classification and protection using AI
Mesh technology-an industry-first network of language models and machine
learning algorithms and is powered by Getvisibility. The AI Mesh increases the
speed and accuracy of data discovery, classification, risk assessment, and
risk mitigation, ensuring confidential data remains protected even when used
in large language models.

Forcepoint's integration with ChatGPT Enterprise Compliance API enables the
monitoring of data interactions within the ChatGPT environment, supporting
regulatory compliance. Forcepoint offers a detailed map of data flow and user
behaviour to enhance activity tracking and geo-restriction enforcement. This
proactive approach helps ensure organisations can prevent data breaches and
simplify compliance in an AI-driven world.

 

Forcepoint is a global leading American multinational software
company, headquartered in Austin Texas, that develops security software and
data protection, cloud access security, firewall and cross-domain solutions.
Forcepoint has revenues in excess of US$680 million, has 2,000 plus employees
and is owned by Francisco Partners (US$41.9 billion AUM).

Mindflair has a direct interest in Getvisibility.  Sure Valley Ventures Fund
("SVV1") has a direct shareholding in Getvisibility and Mindflair has a 13%
direct interest in SVV1 and a 5.3% indirect investment in SVV1 via its holding
in Sure Ventures plc.

SVV1 is a venture capital fund, investing in a range of software companies
with a focus on companies in AI and ML, Immersive Tech, Metaverse and
Cybersecurity sectors. The fund is run by the same SVV team which has been
highly successful in achieving a number of cash realisations from, and upward
revaluations of, companies in the SVV portfolio.

SVV1, which includes a cornerstone €10 million investment from Enterprise
Ireland, was launched in March 2017.  SVV1 is currently in its investment
realisation phase.

Nicholas Lee, Director of Mindflair, commented:

"This is a very exciting and material development for Getvisibility in terms
of its partnership with Forcepoint, a multibillion-dollar company and the
integration with OpenAI, an $80 billion dollar company, and is recognition of
the sophistication of the technology that they have developed.  Furthermore,
Mindflair has a significant exposure to Getvisibility both directly and via
SVV1."

 

The Directors of the Company are responsible for the release of this
announcement. The person who arranged for the release of this information is
Nicholas Lee, a director of the Company.

 

Enquiries:

 

 Mindflair plc                Tel: +44 (0) 20 3368 8961

 Nicholas Lee, Director

 Broker                       Tel: +44 (0) 20 7469 0935

 Peterhouse Capital Limited   Tel: +44 (0) 20 7469 0936

 Duncan Vasey/Lucy Williams

 

Notes to Editors

Mindflair plc (AIM: MFAI) is an investment company providing investors with
access to a portfolio of next generation technology businesses focused on AI
with significant growth potential. The Company is building an investment
portfolio of high-tech businesses focused on Artificial Intelligence, across
such areas as Internet of Things, Cyber Security, Machine Learning, Immersive
Technologies and Big Data, which the Board believes demonstrate evidence of
traction and the potential for exponential growth, due to increasing global
demand for development in these sectors. For further information, visit:
http://www.mindflair.tech/ (http://www.mindflair.tech/) .

Sure Valley Ventures (www.surevalleyventures.com
(https://cairnfin.sharepoint.com/Users/nicholaslee/Library/Containers/com.apple.mail/Data/Library/Mail%20Downloads/5A6620E3-FC43-41F2-85BF-ECD08A48DE0F/www.surevalleyventures.com)
) ("SVV") is a venture capital firm that invests in early-stage AI software
companies in the UK and Ireland. Investing in AI since the firm's inception in
2017, SVV has a strong track record of accelerating the growth of private AI
companies through to Series A and beyond.

Forcepoint simplifies security for global businesses and governments.
Forcepoint's all-in-one, truly cloud-native platform makes it easy to adopt
Zero Trust and prevent the theft or loss of sensitive data and intellectual
property no matter where people are working. Based in Austin, Texas,
Forcepoint creates safe, trusted environments for customers and their
employees in more than 150 countries. Engage with Forcepoint
on www.forcepoint.com
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.forcepoint.com&esheet=54095803&newsitemid=20240718395041&lan=en-US&anchor=www.forcepoint.com&index=7&md5=bd7b2dff1a241c9289223ec83596298f)
, Twitter (https://x.com/forcepointsec) and LinkedIn
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fforcepoint&esheet=54095803&newsitemid=20240718395041&lan=en-US&anchor=LinkedIn&index=9&md5=ab4ba6bcb488ca9f397b77a198a3a3d8)
.

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