Company Announcements

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 and Forcepoint Data Security Posture Management (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.

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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/.

Sure Valley Ventures (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, Twitterand LinkedIn.

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