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Business Standard
4 days ago
- Business
- Business Standard
Mitigata raises $5.9 million to scale cyber resilience platform in India
Mitigata, a cyber resilience startup, has raised $5.9 million in Series A funding. The round was led by Nexus Venture Partners, with continued support from existing backers Titan Capital and WEH Ventures. Positioning itself as the first line of defense for Digital India, Mitigata offers a full-stack platform that integrates security, risk, compliance, and cyber insurance. The company is targeting Indian enterprises, regulated entities, and critical infrastructure providers facing escalating cyber threats. The funding will accelerate the development of Mitigata's AI-powered security and risk management platform. It will also help enhance its suite of cyber resilience services and scale operations across major Indian cities and international markets. 'Most businesses still treat cyber insurance and security as separate cost centers, often relying on fragmented vendors and siloed solutions,' said Mohit Anand, co-founder and CEO of Mitigata. 'We've reimagined and Indianized 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 organizations.' As part of its growth plans, Mitigata will establish three dedicated Global Security Operations Centers (SOCs) in Bengaluru, Mumbai, and Delhi to scale its AI-driven threat detection, incident response, and managed security services across the country. '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,' said Anand Datta, partner at Nexus Venture Partners. Mitigata partners with all major general and public-sector insurers, including HDFC ERGO, ICICI Lombard, TATA AIG, Bajaj Allianz, and New India Assurance. It ensures that cyber coverage is tightly aligned with real-time risk posture, enabling smarter coverage, better claims outcomes, and faster response to cyber incidents. 'In a short span of time, Mitigata has become the trusted partner for solutioning cybersecurity and insurance across enterprises as they face up to this mounting challenge,' said Deepak Gupta, general partner at WEH Ventures. The founders — Mohit Anand, Sarthak Dubey, Mayank Morya, and Akshit Kaushik — bring with them rich experience from leading organizations such as Meesho, Delhivery, Lenskart, Khosla Labs (Trustt-Novopay), and CGI.
Entrepreneur
5 days ago
- Business
- Entrepreneur
Cyber Resilience Platform Mitigata Secures USD 5.9 Mn Funding Led by Nexus Venture Partners
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. 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."
Economic Times
5 days ago
- Business
- Economic Times
Cybersecurity startup Mitigata raises $5.9 million from Nexus Venture Partners, others
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 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.
Time of India
5 days ago
- Business
- Time of India
Cybersecurity startup Mitigata raises $5.9 million from Nexus Venture Partners, others
Academy Empower your mind, elevate your skills 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 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 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 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 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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Business Standard
23-07-2025
- Business
- Business Standard
AI demo firm Olto raises $5.1 mn from Nexus, The General Partnership
Olto, an artificial intelligence (AI) demo automation platform, has raised $5.1 million in pre-seed funding, with the round co-led by Nexus Venture Partners and The General Partnership. The funding round also saw participation from Afore Capital, Recall Capital, Ligature, FirstHand, among others. The company was founded by former Amazon executives Kintan Brahmbhatt and Jean-Baptiste Chaput, with Pranav Midha joining as founding engineer. 'At Amazon, we pioneered just-in-time personalisation to change the way consumers engage with media. With Olto, we're bringing that same magic to B2B software. Every seller gets an expert demo engineer that's always on, always current, and always tailored to the buyer,' said Kintan Brahmbhatt, chief executive officer and co-founder, Olto. Olto's AI-native platform integrates directly with a company's CRM (customer relationship manager) and live product, overlaying intelligent, prospect-specific data across real interfaces, the company claims. It added that the platform combines a custom entity resolution engine and a flexible orchestration layer that leverages multiple large language models (LLMs) to personalise demos. It claims to reduce demo preparation time by up to 80 per cent. The product adapts to ongoing changes in the underlying software, 'eliminating the delays and maintenance burden of legacy demo tools.' 'Sales teams spend countless hours on manual demo preparation, only to deliver generic experiences that don't resonate with prospects. Olto's AI-first approach eliminates this time drain and creates genuinely targeted experiences that lead to faster sales cycles,' said Abhishek Sharma, managing director, Nexus Venture Partners. Olto is headquartered in San Francisco.
