Mitigata, India’s first AI-native cyber resilience platform, has closed a $15m Series B funding round to accelerate its ambition of building the country’s largest sovereign, indigenous AI security infrastructure.
The round was led by Bessemer Venture Partners, with existing investors Nexus Venture Partners, Titan Capital and WEH Ventures also participating.
Mitigata intends to use the capital to expand its Security Operations Centre into India’s largest, grow its team across AI, research and development, product, engineering and customer success, with plans to double headcount, and accelerate international expansion.
Founded in 2023 by Mohit Anand, Sarthak Dubey, Mayank Morya and Akshit Kaushik, Mitigata operates on the principle of Insure. Detect. Defend. Recover., guiding organisations through every stage of their cyber resilience journey. Its offering spans cyber insurance for risk assessment and transfer, AI-powered security operations and cyber risk intelligence for threat identification, compliance automation for strengthening defences, and digital forensics, incident response and breach recovery services.
Mitigata describes itself as India’s fastest-growing cyber resilience company, reporting over 12x year-on-year growth. The platform currently serves more than 800 organisations across sectors including BFSI, healthcare, manufacturing, automotive, technology, retail and e-commerce, and has triaged over one million security incidents through its AI-powered Security Operations Centre.
A distinctive element of its model is direct participation in the financial consequences of cyber risk through its cyber insurance infrastructure, combining security telemetry, risk intelligence and insurance data to help organisations reduce both cyber exposure and financial loss.
Mitigata co-founder and CEO Mohit Anand said, “When we started Mitigata, we weren’t trying to build another cybersecurity company. We believed enterprises needed a different operating model — one that brings security operations, cyber risk intelligence, response and insurance together on a single AI-native platform.
“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. This funding allows us to accelerate that vision.”
Bessemer Venture Partners partner Pankaj Mitra said, “The accelerating number of AI-driven malicious attacks, combined with a severe shortage of cybersecurity talent, has resulted in a perfect storm for Indian enterprises. Mohit, Sarthak, Mayank and Akshit have built a timely AI-native resilience platform that services enterprises across their cybersecurity journey — from assessing risks to procuring cyber insurance, deploying best-in-class tools and fully managing security outcomes.”
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