Bengaluru-based cyber resilience startup Mitigata has raised $15 million in a Series B funding round led by Bessemer Venture Partners. Existing investors Nexus Venture Partners, Titan Capital, and WEH Ventures also participated in the round, reinforcing their confidence in the company’s growth strategy and cybersecurity offerings.
The latest funding marks a significant milestone for the startup as it looks to strengthen its position in the rapidly evolving cybersecurity landscape. The company plans to use the fresh capital to expand its presence beyond India, enhance its artificial intelligence-powered cybersecurity products, strengthen its Security Operations Centre (SOC) capabilities, and grow its engineering and research teams.
Accelerating Growth After Series A Success
The funding comes less than two years after Mitigata secured $5.9 million in a Series A round led by Nexus Venture Partners, with participation from Titan Capital and WEH Ventures. That round, announced in August last year, helped the company scale its operations and expand its product portfolio.
Since then, Mitigata has continued to focus on building a comprehensive cybersecurity platform aimed at helping businesses manage security threats, compliance requirements, and cyber risk in a unified manner.
Building an Integrated Cyber Resilience Platform
Founded in 2023 by Mohit Anand, Sarthak Dubey, Mayank Morya, and Akshit Kaushik, Mitigata offers a platform that combines multiple cybersecurity functions under a single framework. Its services include security operations, cyber risk intelligence, compliance management, incident response, and cyber insurance support.
The company aims to help enterprises strengthen their cyber resilience by providing end-to-end visibility and response capabilities across their digital infrastructure. By integrating different aspects of cybersecurity into one platform, Mitigata seeks to simplify security management for organizations operating in increasingly complex threat environments.
Serving Enterprises Across Key Industries
According to the company, Mitigata currently serves more than 800 enterprises across a wide range of sectors. Its customer base includes organizations in banking and financial services, healthcare, manufacturing, technology, and ecommerce.
The startup also claims that its AI-powered Security Operations Centre platform processed more than one million security incidents over the past year. The figure highlights the growing volume of cybersecurity events being monitored and managed through its platform as businesses continue to face increasing digital risks.
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International Expansion Moves Into Focus
While Mitigata has established a strong presence in India, the company is now preparing for international growth. Nearly 95% of its current business is generated from the Indian market, according to the company.
As part of its expansion strategy, Mitigata plans to enter markets across the Middle East, North Africa, and Southeast Asia. The startup is also exploring opportunities in the United States as it seeks to broaden its customer base and strengthen its global footprint.
The move reflects growing demand for cybersecurity solutions among enterprises worldwide, particularly as organizations face increasingly sophisticated cyber threats and regulatory requirements.
Strengthening AI and Security Infrastructure
A key area of investment for Mitigata will be the continued development of its AI-driven cybersecurity capabilities. The company’s platform includes Gordon AI, an internally developed cybersecurity copilot designed to automate threat detection and response processes.
Mitigata also integrates its services with major cybersecurity platforms, including Palo Alto Networks, CrowdStrike, and SentinelOne. In addition to security operations and threat management, the company provides cyber insurance services to enterprise customers.
The startup intends to use part of the newly raised capital to recruit AI researchers, cybersecurity specialists, and industry experts with experience in sectors such as banking and healthcare. It also plans to increase the capacity of its Security Operations Centres in Bengaluru and Delhi to support future growth and customer demand.
With fresh funding in place and international expansion plans underway, Mitigata is positioning itself to strengthen its presence in the cyber resilience market while continuing to invest in AI-driven security technologies and operational scale.
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