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, reflecting continued confidence in the company’s growth and cybersecurity-focused offerings.
The fresh capital will be used to accelerate the company’s international expansion plans, strengthen its AI-driven cybersecurity capabilities, expand its Security Operations Centre infrastructure, and hire talent across engineering, research, and security functions.
Founded in 2023 by Mohit Anand, Sarthak Dubey, Mayank Morya, and Akshit Kaushik, Mitigata operates a full-stack cyber resilience platform that combines cybersecurity operations, compliance management, cyber risk intelligence, incident response, and cyber insurance services within a single ecosystem.
The funding comes less than a year after the company raised $5.9 million in its Series A round led by Nexus Venture Partners. The startup has since focused on expanding its product capabilities and growing its enterprise customer base across industries.
Mitigata Bets On AI As Cyber Threats Become More Complex
As businesses face increasingly sophisticated cyberattacks, demand for automated threat detection and response solutions continues to rise. Mitigata says its AI-powered Security Operations Center platform processed more than one million security incidents over the past year, highlighting the growing need for real-time cybersecurity monitoring.
At the core of the company’s offering is Gordon AI, an in-house cybersecurity copilot designed to automate threat detection, response, and security workflows. The platform also integrates with enterprise security providers such as Palo Alto Networks, CrowdStrike, and SentinelOne to help organizations manage cyber risks more effectively.
The company currently serves more than 800 enterprises across sectors, including banking, financial services, healthcare, manufacturing, technology, and e-commerce. This broad customer base has helped Mitigata establish a strong position in India’s rapidly growing cybersecurity market.
International Expansion Becomes The Next Growth Priority
While India currently contributes the majority of Mitigata’s revenue, the startup is now looking beyond its home market for growth. According to the company, nearly 95% of its business currently comes from India, creating significant opportunities for geographic diversification.
Mitigata plans to begin its global expansion with markets across the Middle East, North Africa, and Southeast Asia. The company is also evaluating opportunities in the United States as part of its long-term growth strategy.
A portion of the newly raised capital will also be used to strengthen the company’s workforce by hiring AI researchers, cybersecurity specialists, and domain experts across industries such as banking and healthcare. Additionally, Mitigata plans to expand the capacity of its Security Operations Centers in Bengaluru and Delhi to support future growth.
