Startup Mitigata, guided by Nexus Venture Partners, raises USD 5.9 million to open three global security centers in Bengaluru, Mumbai, and Delhi, enhancing AI-powered threat identification, emergency reaction, and managed security offerings.
Mitigata, a Bengaluru-based cyber resilience platform, has raised $5.9 million in a Series A funding round. The company aims to provide comprehensive cyber resilience across the entire cyber risk lifecycle, using advanced AI-driven tools alongside expert services.
Founded by Mohit Anand, Sarthak Dubey, Mayank Morya, and Akshit Kaushik, Mitigata's team boasts experience in leading technology and security roles at organizations such as Meesho, Delhivery, Lenskart, Khosla Labs, and CGI. The funding round was led by Nexus Venture Partners, with participation from Titan Capital and WEH Ventures.
Mitigata offers a unified platform that integrates cybersecurity, risk management, compliance, and cyber insurance. The services provided by Mitigata include:
- Attack surface monitoring and continuous 24x7 Security Operations Center (SOC) monitoring.
- Threat intelligence and dark web monitoring to identify emerging risks.
- Phishing simulations to test and strengthen human defenses.
- Governance, risk, and compliance (GRC) automation to streamline regulatory adherence.
- Cyber risk quantification through their proprietary RELIQ engine.
- Incident response and digital forensics to manage and investigate breaches.
- Vulnerability assessment and penetration testing to uncover security weaknesses.
- Cyber insurance, offered as part of their integrated solution, with partnerships involving major insurers such as HDFC ERGO, ICICI Lombard, Tata AIG, Bajaj Allianz, and New India Assurance.
Mitigata aims to address fragmented cybersecurity and insurance approaches by combining them into a cost-efficient, Indian-specific model that offers both strategic oversight and immediate response capabilities. It currently serves over 500 enterprises across 25+ industries and is establishing security operations centers in Bengaluru, Mumbai, and Delhi for enhanced AI threat detection and incident management.
Sarthak Dubey, Co-founder and COO of Mitigata, stated, "Our mission is to build strategic resilience for India's digital economy by driving cybersecurity innovation from within." Anand Datta, Partner at Nexus Venture Partners, believes that the future of cybersecurity and insurance is an integrated, full-stack approach, and that Mitigata is pioneering this approach.
The funds raised will be used to enhance Mitigata's AI-powered security and risk management platform. Part of the funding will be used to expand Mitigata's teams in security, insurance, and compliance. With this funding, Mitigata positions itself as India's first full-stack cyber resilience platform, ready to secure Indian enterprises holistically — from prevention, detection, and compliance to insurance-backed recovery.
- Mitigata, a cyber resilience platform based in Bengaluru, aims to integrate cybersecurity, risk management, compliance, and cyber insurance, combining fragmented approaches into a cost-efficient, Indian-specific model.
- With a strategic vision to secure Indian enterprises holistically, Mitigata's platform offers services like attack surface monitoring, threat intelligence, phishing simulations, GRC automation, cyber risk quantification, incident response, vulnerability assessment, penetration testing, and cyber insurance.
- Founded by experienced professionals in leading technology and security roles, Mitigata has raised $5.9 million in Series A funding, led by Nexus Venture Partners with participation from Titan Capital and WEH Ventures.
- The funding will be used to enhance Mitigata's AI-powered security and risk management platform, and to expand teams in security, insurance, and compliance.
- Sarthak Dubey, Co-founder and COO of Mitigata, expresses the company's mission to drive cybersecurity innovation from within and build strategic resilience for India's digital economy.
- Anand Datta, Partner at Nexus Venture Partners, believes that the future of cybersecurity and insurance lies in an integrated, full-stack approach, and that Mitigata is pioneering this approach.
