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

Bengaluru-based startup Mitigata has raised $15 million in a Series B funding round led by Bessemer Venture Partners. The funding aims to enhance its AI-driven cybersecurity and risk management tools while expanding into international markets, including the Middle East and the US. Founded in 2023, Mitigata combines cybersecurity, compliance, and cyber insurance into a unified platform, currently serving over 800 organizations. The company triaged more than one million security incidents in the past year and has experienced significant revenue growth. Despite the rising cyber threats, cyber insurance adoption in India remains low, with many large firms lacking coverage. Mitigata's approach emphasizes treating cyber risk as a financial issue rather than merely a technological one, reflecting a shift in enterprise attitudes toward digital risk management.

Key Points: • Mitigata raised $15 million in Series B funding to expand its cyber resilience platform. • The company aims to enter international markets while enhancing its AI-driven cybersecurity tools. • Cyber insurance adoption in India is low, with many large firms still lacking coverage.