Bengaluru-based cyber resilience startup Mitigata has raised $15 million (approximately ₹141 crore) in a Series B funding round led by Bessemer Venture Partners, with participation from existing investors Nexus Venture Partners, Titan Capital, and WEH Ventures. The funding marks a significant milestone for the company as investor interest continues to grow around AI-led cybersecurity and cyber resilience platforms in India.
Founded in 2023 by Mohit Anand, Sarthak Dubey, Mayank Morya, and Akshit Kaushik, Mitigata operates as a full-stack cyber resilience platform focused on helping enterprises manage cybersecurity threats alongside financial risk exposure arising from cyber incidents. The company said the newly raised capital will be used to accelerate international expansion, strengthen its AI-native cybersecurity technologies, and scale its domestic Security Operations Centre (SOC), which it aims to build into one of India’s largest.
Mitigata also plans to expand its workforce significantly across product development, engineering, and customer success functions as it strengthens operational capabilities and customer delivery infrastructure.
The startup combines AI-powered security operations, cyber risk intelligence, compliance automation, digital forensics, incident response, and cyber insurance services within a single platform. It claims to be India’s first IRDAI-regulated insurance broker dedicated exclusively to cyber insurance solutions.
Its technology stack includes Gordon AI, a security co-pilot designed for automated threat detection and incident response; RELIQ, a proprietary cyber risk assessment engine; Dranta, a privacy governance and consent management platform; and Scan by Mitigata, a consumer-focused solution for monitoring data exposure risks.
According to the company, it recorded 12X year-on-year growth and processed more than 10 lakh security incidents through its AI-powered SOC operations over the past year. Mitigata currently serves over 800 organisations across sectors including BFSI, healthcare, manufacturing, automotive, and e-commerce.
“Cybersecurity is entering an AI-first era, and resilience will become one of the defining capabilities of the modern enterprise. As AI becomes increasingly embedded into economies and critical infrastructure, security stops being just an IT problem. It becomes a question of trust, continuity and, increasingly, national security. We believe India has a unique opportunity to build world-class cyber resilience infrastructure from India, for the world,” said cofounder and CEO Mohit Anand.
The funding comes amid increasing activity in India’s cybersecurity ecosystem, particularly around AI-driven security platforms, with several cybersecurity startups recently securing fresh capital to scale products and global expansion initiatives.
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