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Mitigata Raises $15 Million Series B to Expand AI-Driven Cyber Resilience Platform
On 23 June, Bengaluru‑based cyber‑risk specialist Mitigata announced it had closed a $15 million Series B, equivalent to roughly ₹141 crore. The capital, secured in a round led by Bessemer Venture Partners and joined by existing backers Nexus Venture Partners, Titan Capital and WEH Ventures, will fuel the company’s next chapter of global expansion and AI‑powered innovation.
Mitigata, which launched in 2023, was founded by Mohit Anand, Sarthak Dubey, Mayank Morya and Akshit Kaushik. The team set out to build a full‑stack cyber‑resilience platform that unites AI‑driven security operations, cyber‑risk intelligence, compliance automation, digital forensics, incident response and cyber insurance into a single, cohesive operating layer.
Since its debut, the company has reported a 12‑fold year‑on‑year increase in revenue. Its AI‑native Security Operations Centre (SOC) processed more than one million security incidents last year, a milestone that underscores the platform’s capacity to handle large‑scale threat landscapes.
Mitigata’s product portfolio is built around four core offerings. Gordon AI serves as a security co‑pilot, automatically detecting and triaging threats. RELIQ powers the company’s proprietary cyber‑risk assessment engine. Dranta provides privacy‑governance tools, while Scan by Mitigata monitors consumer data exposure for individuals and small businesses.
Today, the platform serves over 800 organisations across banking, finance and insurance (BFSI), healthcare, manufacturing, automotive and e‑commerce. The breadth of its customer base demonstrates the appeal of an integrated solution that addresses both technical and regulatory demands.
According to the company’s announcement, the new funds will be earmarked for scaling its domestic SOC into India’s largest, expanding into the United States and Middle East, and doubling the team size. Hiring plans focus on product development, engineering and customer success to support the projected growth trajectory.
CEO Mohit Anand said that the shift toward an AI‑first approach in cybersecurity is creating a new demand for integrated resilience solutions. He added that as AI becomes embedded in economies, security moves beyond IT concerns to become a matter of trust, continuity and national security.
The infusion of capital underscores a growing belief that cyber‑resilience platforms can deliver measurable ROI by reducing incident costs and streamlining compliance. Analysts note that the ability to combine threat detection with real‑time insurance underwriting can shorten the time between detection and remediation, a critical advantage in high‑stakes sectors such as finance and healthcare.
While the announcement signals optimism, scaling a complex AI‑driven SOC across continents poses operational challenges. Integrating disparate data sources, maintaining low false‑positive rates, and ensuring regulatory compliance in each jurisdiction will require robust governance frameworks and cross‑functional expertise.
Mitigata’s Series B comes at a time when investors are increasingly targeting AI‑focused cyber‑security firms. Recent rounds include Innefu Labs raising $30 million, CloudSEK securing $10 million and Mirror Security obtaining $2.5 million. Regulators are also tightening scrutiny; the Securities and Exchange Board of India has formed a task force, cyber‑suraksha.ai, to evaluate risks posed by AI models such as Anthropic’s Claude Mythos.
The funding round signals confidence in India’s burgeoning cyber‑resilience ecosystem and highlights the perceived value of platforms that merge security operations with insurance and compliance. The company plans to deploy the capital toward global expansion, AI capability enhancement and customer base growth.
At present, Mitigata has not announced new product releases or regulatory approvals beyond the funding. Its immediate focus remains on scaling its SOC, extending its reach internationally and continuing to weave AI into every layer of its platform.
Mitigata, which launched in 2023, was founded by Mohit Anand, Sarthak Dubey, Mayank Morya and Akshit Kaushik. The team set out to build a full‑stack cyber‑resilience platform that unites AI‑driven security operations, cyber‑risk intelligence, compliance automation, digital forensics, incident response and cyber insurance into a single, cohesive operating layer.
Since its debut, the company has reported a 12‑fold year‑on‑year increase in revenue. Its AI‑native Security Operations Centre (SOC) processed more than one million security incidents last year, a milestone that underscores the platform’s capacity to handle large‑scale threat landscapes.
Mitigata’s product portfolio is built around four core offerings. Gordon AI serves as a security co‑pilot, automatically detecting and triaging threats. RELIQ powers the company’s proprietary cyber‑risk assessment engine. Dranta provides privacy‑governance tools, while Scan by Mitigata monitors consumer data exposure for individuals and small businesses.
Today, the platform serves over 800 organisations across banking, finance and insurance (BFSI), healthcare, manufacturing, automotive and e‑commerce. The breadth of its customer base demonstrates the appeal of an integrated solution that addresses both technical and regulatory demands.
According to the company’s announcement, the new funds will be earmarked for scaling its domestic SOC into India’s largest, expanding into the United States and Middle East, and doubling the team size. Hiring plans focus on product development, engineering and customer success to support the projected growth trajectory.
CEO Mohit Anand said that the shift toward an AI‑first approach in cybersecurity is creating a new demand for integrated resilience solutions. He added that as AI becomes embedded in economies, security moves beyond IT concerns to become a matter of trust, continuity and national security.
The infusion of capital underscores a growing belief that cyber‑resilience platforms can deliver measurable ROI by reducing incident costs and streamlining compliance. Analysts note that the ability to combine threat detection with real‑time insurance underwriting can shorten the time between detection and remediation, a critical advantage in high‑stakes sectors such as finance and healthcare.
While the announcement signals optimism, scaling a complex AI‑driven SOC across continents poses operational challenges. Integrating disparate data sources, maintaining low false‑positive rates, and ensuring regulatory compliance in each jurisdiction will require robust governance frameworks and cross‑functional expertise.
Mitigata’s Series B comes at a time when investors are increasingly targeting AI‑focused cyber‑security firms. Recent rounds include Innefu Labs raising $30 million, CloudSEK securing $10 million and Mirror Security obtaining $2.5 million. Regulators are also tightening scrutiny; the Securities and Exchange Board of India has formed a task force, cyber‑suraksha.ai, to evaluate risks posed by AI models such as Anthropic’s Claude Mythos.
The funding round signals confidence in India’s burgeoning cyber‑resilience ecosystem and highlights the perceived value of platforms that merge security operations with insurance and compliance. The company plans to deploy the capital toward global expansion, AI capability enhancement and customer base growth.
At present, Mitigata has not announced new product releases or regulatory approvals beyond the funding. Its immediate focus remains on scaling its SOC, extending its reach internationally and continuing to weave AI into every layer of its platform.
