REG - Mindflair PLC - New Investment in AI Data Security Company

MindflairAnnouncement

03/12/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251203:nRSC9550Ja&default-theme=true

RNS Number : 9550J  Mindflair PLC  03 December 2025

3 December 2025

Mindflair plc

("Mindflair" or the "Company")

New Investment in AI Data Security company Mirror Security Limited

Mindflair plc, the AIM-quoted company focused on investing in Artificial
Intelligence ("AI") related technology, is pleased to announce that Sure
Valley Ventures' ("SVV") third fund ("SVV3"), in which Mindflair holds an
interest, has made a new investment in Mirror Security Limited ("Mirror"), a
Dublin-based cybersecurity company specialising in data protection across the
generative AI ecosystem.

 

Spun out of University College Dublin (UCD), Mirror has raised US$2.5 million
in pre-seed funding in a round co-led by SVV and Atlantic Bridge, with
participation from strategic angel investors, to scale its breakthrough
encryption platform for AI Security. The company was founded by Pankaj Thapa
and Dr Aditya Narayana K, a professor at UCD and global expert in AI security.

 

Mirror is addressing one of the most urgent problems in enterprise AI adoption
- the lack of reliable data confidentiality in model training and inference.
As organisations integrate AI into their operations, the risk of exposing
proprietary data during AI processing has surged. Mirror solves this through
its revolutionary Fully Homomorphic Encryption (FHE) technology, VectaX, which
allows AI systems to process sensitive data while keeping it completely
encrypted.

 

On 24 November 2025, Mirror announced a multi-million-dollar strategic
agreement (the "Partnership") with Inception AI ("Inception"), a G42 company
and a leading innovator of agentic AI solutions in the UAE. Under the
Partnership, Mirror will deploy its full AI security stack across Inception's
enterprise and government ecosystem, enabling secure, scalable AI adoption
globally. Mirror has also forged strategic partnerships with Intel, MongoDB,
Qdrant, SiSys AI & Accops.

 

Nicholas Lee, Director of Mindflair plc, commented:

 

"This investment in Mirror highlights our continued commitment to support
pioneering AI software companies that are addressing mission-critical
enterprise challenges. Mirror's technology is a true enabler for secure AI
adoption, ensuring data privacy while allowing organisations to harness the
full potential of AI."

 

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

 Nominated Adviser                                                                                                                                                                                                                                            Tel: +44 (0) 20 7213 0880

 Cairn Financial Advisers LLP

 Liam Murray / Ludovico Lazzaretti

 Joint Broker                                                                                                                                                                                                                                                 Tel: +44 (0) 20 7186 9950

 Shard Capital Partners LLP

 Damon Heath

 Joint 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/.

Mirror Security (www.mirrorsecurity.io) is a cybersecurity company developing
encryption technology for the generative AI era. Its flagship platform,
VectaX, combines fully homomorphic encryption with vector-level access control
to ensure AI systems can process data without ever decrypting it. Founded at
University College Dublin, Mirror Security is expanding across Ireland, the
US, and India to deliver secure AI infrastructure to global enterprises.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCBRBDDXBGDGUD



            Copyright 2019 Regulatory News Service, all rights reserved