Cyber Resilience Platform Mitigata Secures USD 5.9 Mn Funding Led by Nexus Venture Partners
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
Bengaluru-based cyber resilience platform Mitigata has raised USD 5.9 million in a Series A funding round led by Nexus Venture Partners, with participation from Titan Capital and WEH Ventures.
The funds will be deployed to enhance the company's AI-powered security and risk management platform, expand its range of cyber resilience offerings, and scale operations across Indian cities and international markets.
The startup plans to establish three global security operations centers in Bengaluru, Mumbai, and Delhi to strengthen its AI-driven threat detection, incident response, and managed security services. Part of the funding will also go toward expanding its teams in security, insurance, and compliance.
"Our mission is to build strategic resilience for India's digital economy by driving cybersecurity innovation from within," said Sarthak Dubey, Co-founder and COO. "This supports the vision of a self-reliant digital India, especially in areas critical to national security."
Mitigata was founded by Mohit Anand, Sarthak Dubey, Mayank Morya, and Akshit Kaushik. The founders have experience in leading technology and security roles at organisations such as Meesho, Delhivery, Lenskart, Khosla Labs, and CGI.
The startup offers a unified platform that integrates cybersecurity, risk management, compliance, and cyber insurance. Its services include attack surface monitoring, threat intelligence, dark web and brand monitoring, phishing simulations, governance risk and compliance automation, and cyber risk quantification through its proprietary RELIQ model. It also provides 24x7 SOC monitoring, vulnerability assessment, penetration testing, incident response, and digital forensics.
Mohit Anand, Co-founder and CEO, said, "Most businesses still treat cyber insurance and security as separate cost centers, often relying on fragmented vendors and siloed solutions. At Mitigata, we've reimagined and Indianised the model — delivering integrated, high-impact cyber resilience that combines security and insurance into a single, cost-efficient solution tailored to the unique needs of Indian organisations."
Mitigata's cyber insurance services are supported by partnerships with major insurers such as HDFC ERGO, ICICI Lombard, Tata AIG, Bajaj Allianz, and New India Assurance. By aligning insurance coverage with real-time risk data, the firm aims to provide better claims outcomes and faster incident response for its clients.
Currently serving over 500 enterprises across 25 industries, Mitigata positions itself as India's first full-stack cyber resilience platform. Its approach combines advanced AI-driven tools with embedded on-ground expertise, offering organisations both strategic oversight and immediate response capabilities.
Anand Datta, Partner, Nexus Venture Partners, added, "We believe the future of cybersecurity and Insurance is an integrated, full-stack approach. Mitigata is pioneering a new AI led services approach to cyber resilience that covers the entire lifecycle—from prevention and mitigation to risk transfer via insurance. Their model is precisely what Indian enterprises need to thrive securely."
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
12 minutes ago
- Yahoo
Oil prices fall on Trump's India tariff threats, OPEC+ output
Oil prices (CL=F, BZ=F) are under pressure on Monday after US President Trump threatened to raise tariffs on India due to its purchase of Russian oil and OPEC+ lifted production numbers. Yahoo Finance Senior Reporter Ines Ferré outlines what investors need to know. To watch more expert insights and analysis on the latest market action, check out more Market Domination. Oil futures are sliding this coming against the backdrop of OPEC plus hiking oil production and potential supply disruptions linked to Russia. For more, bring in Yahoo Finance senior market reporter, Ines Ferre. Ines. Yeah, Josh, we saw Brent today down more than 1 and a half percent, and WTI also down almost 2%. This is because of that September output hike from OPEC Plus. Now, Goldman Sachs says that they do not expect any more hikes from OPEC Plus. This pretty much now unwinds the 2.2 million barrels per day, those voluntary cuts that they had installed over the last couple of years. So, for now, this should be the last output hike. As far as Brent futures are concerned and where they're going for the rest of the year, well, Goldman Sachs is saying that they're going to go lower. They're predicting $64 per barrel for Brent by the fourth quarter of this year. So we're about $4 away from that. And also, as far as 2026 is concerned, they're predicting that Brent is going to go down to $56 per barrel. They're talking about more supply coming into the market with non-OPEC members that have new production coming on, like US shale, like Brazil, also Norway, as well. So that really limits the amount of more output hikes that OPEC Plus could do without creating a surplus, Josh. And Ines, we also saw some headlines about India's oil purchases from Russia. What can you tell us about that? Yeah. So, well, President Trump has really been pressuring India to stop purchasing oil from Russia. Essentially, basically saying that they are funding Russia, Russia's initiatives in Ukraine, in the war in Ukraine. So, Trump saying that he will substantially increase tariffs on India. But Indian Prime Minister Modi has said they're going to continue buying Russian oil. He also said that Indians should purchase domestic products. I will say that what Wall Street is looking at is if Russian production were to somehow be compromised, or if that would be decreased, then you would see an upside risk to oil prices. In this case, India is kind of stuck in this sort of push that Trump has been doing in order to end the war in Ukraine, and him using tariffs and pointing to oil purchases because India has been a big buyer of Russian oil since the war in Ukraine started. All right. Thank you, Ines. Appreciate it.
Newsweek
15 minutes ago
- Newsweek
Social Security Administrator Responds After Senator's Warning
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. New Social Security Commissioner Frank Bisignano has fired back at Democratic Senator Elizabeth Warren over her criticism of the agency's changes and customer service in recent months. He defended the changes implemented under the Trump administration, saying the agency is "experiencing a customer service turnaround after four years of long wait times and record backlogs under the Biden administration." Why It Matters The Social Security Administration (SSA) has become the center of a national debate over the future of one of America's most vital safety net programs. Recent leadership and technology changes have prompted warnings from lawmakers, labor unions, advocates and former officials that millions of beneficiaries could soon face delays or interruptions in their monthly payments. At stake is the reliability of Social Security for more than 70 million Americans, especially older adults and people with disabilities, as the agency modernizes and manages its workforce under intense political scrutiny. Critics have focused their warnings on the rollout of artificial intelligence (AI) tools, office closures and staffing cutbacks, with Warren, of Massachusetts, previously raising alarms about access to benefits, transparency and program solvency for current and future retirees. A Social Security Administration (SSA) office in Washington, DC, March 26, 2025. A Social Security Administration (SSA) office in Washington, DC, March 26, 2025. SAUL LOEB/AFP via Getty Images What To Know A group of senators including Ron Wyden, Democrat from Oregon; Bernie Sanders, independent from Vermont; Kirsten Gillibrand, a New York Democrat; and Warren previously sent a letter to Bisignano, demanding answers on the SSA's recent adoption of AI-driven customer service tools. The senators raised concerns about problems reminiscent of past missteps, including a failed fraud-detection chatbot that reportedly yielded only two potential fraud claims from 111,000 attempts and recent disruptions to benefit access linked to the agency's technology changes. "This lack of communication from your agency undermines its efforts to improve services by sowing chaos and confusion, which breeds distrust in the agency and its leadership," the senators said. The letter also requests details on the AI system implementations and their impact, setting a response deadline of July 18. Bisignano on Monday issued a response shared with Fox Business, defending the agency's reforms and recent track record. "The SSA is experiencing a customer service turnaround after four years of long wait times and record backlogs under the Biden administration," Bisignano said in the letter reviewed by Fox ahead of its release. "While I welcome your recent interest in customer service at SSA and the myriad of correspondences you sent my predecessor and me since President Trump's inauguration on January 20, 2025, I'm struck by how little you corresponded with the agency to express concern about deteriorating customer service during the previous administration," Bisignano wrote to Warren. The SSA provided updated performance data last month: The average response time for phone calls dropped to 6 minutes from 30 minutes in the prior fiscal year; field office wait times decreased to 23 minutes; and removal of online service downtimes has benefited an additional 125,000 users in a single week, according to the agency's findings. "Across all of our service indicators, the evidence is clear: better management is improving the customer experience on the phones, in the field offices, and online. Nothing in the data supports the irresponsible allegations of mismanagement and a customer service crisis at SSA," Bisignano said in his letter. But not everyone is certain those numbers reflect actual wait times for Social Security recipients. "A simple search reveals average wait times now exceed one hour, even though the SSA dashboard still shows 18.5 minutes," Kevin Thompson, CEO of 9i Capital Group and host of the 9innings podcast, told Newsweek. "Much of that data excludes the volume of callback requests—many people are opting for callbacks instead of waiting on hold, and those are coming 1.5 to 2 hours later, if at all." Changes at the SSA developed under the Department of Government Efficiency (DOGE), formerly led by Elon Musk. DOGE's initiatives, including substantial staff cuts, access to Social Security databases and shifting most services online have sparked bipartisan concern. Former SSA Commissioner Martin O'Malley warned that these measures could soon interrupt Social Security payments, a break from tradition in over 80 years of continuous benefit delivery. "Ultimately, you're going to see the system collapse and an interruption of benefits, within the next 30 to 90 days," O'Malley said in March. Newsweek reached out to Warren's office for comment via email. What People Are Saying Alex Beene, financial literacy instructor for the University of Tennessee at Martin, told Newsweek: "With the current dispute on Social Security customer service wait times, it's more of a situation of "he said, she said." The recent news releases from the administration have focused on faster wait times and more cases being resolved. However, Senator Warren points to concerns her office has received over some of that data not being accurate, and Social Security field employees being highly stressed in maintaining the additional workload they've been asked to cover." Thompson also told Newsweek: "Like many of us, Warren wants to see accurate, honest data. We all support modernizing the program, but it's hard to reconcile claims of modernization with staff reductions and quiet efforts to push people into early retirement or resignation." What Happens Next Beneficiaries experiencing issues are urged to contact the SSA directly or reach out to congressional offices for assistance. Further updates are expected as lawmakers receive responses and new technology initiatives reach additional agency offices nationwide. "The suggestion of a meeting between legislators and the SSA could resolve some of these lingering questions over whether the new procedures to customer service are really decreasing wait times to the extent claimed or not," Beene said.
Bloomberg
15 minutes ago
- Bloomberg
India Slams Trump's Threat of Higher Tariffs Over Russian Oil
Good morning. Trump threatens even higher tariffs on India over Russian oil. Hong Kong's listing market is set to stay hot for longer. And American Eagle gains meme stock status with its biggest jump since 2000. Listen to the day's top stories. Donald Trump warned India that he would 'substantially' raise tariffs on the country due to its purchases of Russian oil, a move New Delhi slammed as 'unjustified and unreasonable' in an escalating fight between the two major economies. The president's warning comes ahead of an Aug. 8 deadline for Moscow to reach a truce with Kyiv, with the administration threatening so-called secondary sanctions on countries that purchase Russian energy.
