Mitigata Raises US$15M Series B to Build India's Next Cyber Resilience Leader

Mitigata Co-Founders (L-R): Mayank Morya (CTO), Mohit Anand (CEO), Sarthak Dubey (COO), and Akshit Kaushik (CBO)

As artificial intelligence becomes increasingly embedded across businesses, critical infrastructure, and national economies, cybersecurity is evolving beyond traditional threat detection. Indian startup Mitigata is positioning itself at the center of this shift by building an AI-native cyber resilience platform that integrates security operations, cyber risk intelligence, incident response, and cyber insurance into a unified solution.

The company has now raised US$15 million in Series B funding, less than three years after its launch in 2023, signaling growing investor confidence in the future of cyber resilience infrastructure.

The funding round was led by Bessemer Venture Partners, with participation from existing investors Nexus Venture Partners, Titan Capital, and WEH Ventures.

What Problem Is Mitigata Solving for Modern Enterprises?

Cybersecurity spending continues to rise globally as organizations face increasingly sophisticated attacks, regulatory scrutiny, and AI-driven threats. Yet many enterprises still manage cybersecurity, risk management, and insurance through separate systems.

Mitigata was founded to address this fragmentation.

Rather than operating solely as a cybersecurity provider or insurance broker, the company combines multiple layers of cyber resilience into a single AI-powered platform designed to help organizations:

• Detect and respond to cyber threats
• Assess cyber risk exposure in real time
• Improve security operations efficiency
• Access tailored cyber insurance coverage
• Strengthen business continuity and resilience

According to the company, Mitigata currently serves more than 800 organizations and is India's first IRDAI-regulated insurance broker focused exclusively on cyber insurance.

How Does Mitigata's Business Model Differ From Traditional Cybersecurity Firms?

Traditional Cybersecurity Providers	Mitigata's AI-Native Cyber Resilience Model
Focus on threat detection and prevention	Combines security, risk intelligence, response, and insurance
Security and insurance managed separately	Unified cyber resilience platform
Reactive incident management	Continuous risk assessment and resilience planning
Multiple vendors and fragmented workflows	Integrated operating model powered by AI

This approach reflects a broader market trend toward cyber resilience, where enterprises prioritize operational continuity and recovery capabilities alongside prevention.

How Will the New Funding Accelerate Mitigata's Growth?

The newly raised capital will support several strategic initiatives:

Growth Area	Planned Investment
Global Expansion	Entering new international markets
AI Development	Enhancing proprietary AI technologies
Security Operations	Expanding the Security Operations Centre (SOC) in India
Talent Acquisition	Doubling teams across product, engineering, and customer success

The expansion comes as demand for cyber resilience solutions increases across both developed and emerging markets.

Why Are Investors Betting on Cyber Resilience Startups?

The investment highlights growing interest in cybersecurity and AI infrastructure startups globally.

Bessemer Venture Partners joins a growing list of investors backing next-generation cybersecurity platforms that combine automation, AI, and risk management. Similar trends can be observed across innovation ecosystems such as Hub71 in Abu Dhabi, ADGM's fintech and cybersecurity ecosystem, and Saudi Arabia's NEOM, where digital infrastructure resilience is becoming a strategic priority.

As governments and enterprises accelerate AI adoption, cyber resilience is increasingly viewed as a critical layer of national and economic security.

What Is Mitigata's Long-Term Vision?

Speaking about the company's mission, Co-founder and CEO Mohit Anand emphasized that Mitigata was created to build a new operating model for enterprise security rather than another cybersecurity product.

The company believes cyber resilience will become one of the defining capabilities of modern organizations as AI adoption expands across economies and critical infrastructure.

By combining security operations, cyber risk intelligence, incident response, and insurance on a single platform, Mitigata aims to build globally competitive cyber resilience infrastructure from India for international markets.

With US$15 million in fresh funding, a customer base exceeding 800 organizations, and ambitions for international expansion, Mitigata is positioning itself as one of India's emerging players in the rapidly growing cyber resilience sector.

 

 

 

FAQ

1. What is Mitigata?
Mitigata is an Indian AI-native cyber resilience startup founded in 2023 that combines cybersecurity operations, cyber risk intelligence, incident response, and cyber insurance within a single platform.

2. How much funding did Mitigata raise?
Mitigata raised US$15 million in a Series B funding round led by Bessemer Venture Partners, with participation from Nexus Venture Partners, Titan Capital, and WEH Ventures.

3. What makes Mitigata different from traditional cybersecurity companies?
Unlike traditional cybersecurity firms that focus primarily on threat prevention, Mitigata integrates security operations, cyber risk intelligence, response capabilities, and cyber insurance into one AI-powered platform.

4. How many customers does Mitigata serve?
According to the company, Mitigata serves more than 800 organizations and is India's first IRDAI-regulated insurance broker focused exclusively on cyber insurance.

5. How will Mitigata use the new funding?
The company plans to use the capital to expand internationally, enhance its AI technologies, grow its Security Operations Centre in India, and double its workforce across product, engineering, and customer success teams.