News linked to both this project and an event.
According to EU-Startups, AI security startup Mindgard announced the completion of a €26 million (approximately $30 million) Series A funding round, led by Album VC, with participation from Karma Ventures, .406 Ventures, Atlantic Bridge, IQ Capital, and Lakestar. Mindgard was founded by Dr. Peter Garraghan in 2022, incubated by Lancaster University in the UK, and is headquartered in Boston and London. The company's platform provides Shadow AI discovery, AI red teaming, and runtime AI protection capabilities, and has helped disclose over 150 high-impact AI security vulnerabilities, covering issues such as the Cursor IDE zero-day code execution vulnerability, Google Antigravity trusted workspace defects, and ChatGPT image generation protection failures.
Citadel Securities has filed a lawsuit in London, seeking over £6 million (approximately $7.9 million) from Leonard Lancia, its former European Head of Derivatives Systematic Market Making and co-founder of high-frequency crypto trading firm Portofino Technologies.Citadel Securities alleges that Leonard Lancia and his colleagues began planning their startup while still employed, and has won damages and legal cost support in related labor arbitration. Additionally, Citadel Securities filed a lawsuit against Portofino Technologies in the US in 2023, accusing it of stealing trade secrets. Leonard Lancia and Portofino Technologies have denied all allegations. The High Court in London rejected Leonard Lancia's request to lift the asset freezing order last Friday. (Bloomberg)