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

Mitigata, a Bengaluru-based cyber resilience startup, raised $15 million in Series B funding led by Bessemer Venture Partners. The funding will enhance its AI-native security and risk management tools and support international expansion into markets like the US and Middle East. The company integrates cybersecurity, compliance, and cyber insurance into a unified platform, serving over 800 organizations and triaging over one million security incidents in the past year. Mitigata's approach reflects a shift in how enterprises view cyber risk, treating it as a financial issue rather than just a technology challenge. Despite the growth of India's cyber insurance market, awareness remains low, with many large companies lacking coverage. The startup aims to leverage data across the cyber risk lifecycle to refine its offerings.

Key Points: • Mitigata raised $15 million in Series B funding to expand its cyber resilience platform. • The company integrates AI-driven security operations with cyber insurance services. • Mitigata aims to enter international markets while adapting to local regulations.