Mitigata has raised $15 million in a Series B round led by Bessemer to expand its cyber resilience platform. The funding reflects growing demand for solutions that help organizations prepare for, respond to, and recover from cyber threats. Previously, the startup raised $5.9 million in a Series A funding round led by Nexus Venture Partners, with participation from Titan Capital and WEH Ventures in August last year.
Bengaluru-based cyber resilience startup Mitigata has secured $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.
“Since the last fundraiser, we have grown almost 15x, around 12 to 15x,” co-founder and COO Sarthak Dubey said. He said the company plans to use the funding to strengthen its AI and cybersecurity capabilities and expand into overseas markets.
“We will be starting off with the Middle East market, North Africa potentially, and Southeast Asia, and then at the same time having some bit of US exposure as well,” he added.
The company claims to serve more than 800 enterprises across sectors, including banking, financial services, healthcare, manufacturing, technology, and e-commerce.
The fresh proceeds will be used to expand the company's international presence, strengthen its AI-driven cybersecurity offerings, scale its Security Operations Center (SOC) capabilities, and hire talent across engineering and research functions.
“The accelerating number of AI-driven malicious attacks, combined with a severe shortage of cybersecurity talent, has resulted in a perfect storm for Indian enterprises,” said Pankaj Mitra, partner at Bessemer Venture Partners.
“Mithigata has built a timely AI-native resilience platform that services enterprises across their cybersecurity journey — from assessing risks to procuring cyber insurance, deploying best-in-class tools and fully managing security outcomes,” he added.
Anand Datta, partner at Nexus Venture Partners, said Mitigata is helping define a new category in cybersecurity.
“By bringing together security operations, cyber risk intelligence, compliance, digital forensics, incident response and cyber insurance within a unified AI-native platform, the company is building the resilience infrastructure modern enterprises increasingly require,” Datta said.
Founded in 2023 by Mohit Anand, Sarthak Dubey, Mayank Morya, and Akshit Kaushik, Mitigata offers a unified platform that combines security operations, cyber risk intelligence, compliance management, incident response, and cyber insurance services.
“Customers are looking for solutions rather than having multiple vendors to talk to,” Dubey said. “Rather than going behind a particular product, we always understand the use case first and then provide a solution,” he added.
Mitigata’s product suite includes Gordon AI, its proprietary AI-powered security copilot that automates threat detection, investigation, and response workflows. The company also operates as a cyber insurance intermediary, allowing it to offer enterprises both cybersecurity and risk-transfer solutions.
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Investor interest in cybersecurity startups continues to grow as digital threats become more sophisticated and frequent. With organizations increasing spending on security and resilience solutions, investors see long-term opportunities in companies developing technologies that help businesses manage risk and maintain operational continuity.
Mitigata plans to use part of the new capital to hire AI researchers, cybersecurity professionals, and domain experts across industries such as banking and healthcare. It will also expand the capacity of its Security Operations Centers in Bengaluru and Delhi.