Cybersecurity startup Mitigata raises $5.9 million from Nexus Venture Partners, others
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Bengaluru-based Mitigata , a startup focussed on cyber resilience , has raised $5.9 million in a funding round led by Nexus Venture Partners . Existing investors Titan Capital and WEH Ventures also participated in the round.The startup will use the capital to develop its artificial intelligence (AI)-backed security and risk management tools, add to its service offerings, and increase its presence in Indian and international markets.Describing itself as the country's only full-stack cyber resilience platform, Mitigata integrates cybersecurity , compliance, and insurance in one platform. The company said it is already working with over 500 enterprises across more than 25 sectors and is India's first IRDAI-regulated insurance broker specialising in cyber insurance A full-stack approach is becoming important in cybersecurity. As attacks become more sophisticated, organisations need not just to block, but also to prevent attacks. Also, cyber insurance provides a financial backstop when attacks happen, covering recovery costs, legal fees, and operational losses.Mitigata plans to establish three global security operations centres in Bengaluru, Mumbai and Delhi. These centres are aimed at building out its AI threat detection incident response , and managed security services. The company also intends to bulk up its team, targeting experienced professionals in security, insurance, and compliance.The company offers services ranging from cyber risk quantification and attack surface monitoring to 24x7 SOC monitoring, incident response, and digital forensics.
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