Mitigata Secures $15 Million Series B Funding for Cyber Resilience Expansion

Bengaluru-based cyber resilience startup Mitigata has raised $15 million in a Series B funding round led by Bessemer Venture Partners. The funds will support international expansion and the development of AI-driven security tools. Founded in 2023, Mitigata combines cybersecurity, compliance, and cyber insurance into a unified platform. The company currently serves over 800 organizations and has triaged more than one million security incidents in the past year. Mitigata aims to enhance its Security Operations Centre capabilities and expand its talent pool. The startup's revenue has reportedly grown from ₹3 crore to nearly ₹40 crore in two years. Despite the growth, cyber insurance adoption remains low in India, indicating a significant market opportunity. Mitigata's approach is to treat cyber risk as a financial issue rather than just a technology problem.

Key Points: • Mitigata raised $15 million in Series B funding to enhance its AI-driven cyber resilience platform. • The startup serves over 800 organizations and has triaged over one million security incidents in the past year. • Cyber insurance adoption in India remains low, presenting a significant growth opportunity for Mitigata.