Funding · Enterprise Software & IT

Mitigata raises $15M Series B from Bessemer

By Startup Enthusiast · 23 June 2026

What they do

Mitigata provides a full-stack cyber resilience platform combining security, risk, compliance, and insurance

It raised $15 million in Series B funding led by Bessemer Venture Partners, with existing investors participating

The company plans to expand internationally and scale its AI-native technologies and domestic SOC

Mitigata raised $15 million in Series B funding.
The round was led by Bessemer Venture Partners.
Existing investors Nexus Venture Partners, Titan Capital, and WEH Ventures also participated.
The company plans to use the funds for international expansion and upgrading its AI-native technologies.
It aims to scale its domestic Security Operations Center (SOC) to become India's largest.
Mitigata will double its team size across product, engineering, and customer success.
The company has grown 12X year-over-year and serves over 800 organisations.

AI-driven cyberattacks and a shortage of cybersecurity talent are increasing demand for integrated platforms.
Enterprises prefer unified platforms over multiple vendors for managing cyber risks.
SEBI recently constituted a task force to assess risks from AI models, highlighting the market's focus on cybersecurity.
Similar fundings in the space include Innefu Labs ($30M), CloudSEK ($10M), and Mirror Security ($2.5M).

Mitigata is a full-stack cyber resilience platform combining AI-powered security operations, cyber risk intelligence, compliance automation, digital forensics, incident response, and cyber insurance.
It claims to be India's first IRDAI-regulated insurance broker focused exclusively on cyber insurance.
Its product stack includes Gordon AI (security co-pilot), RELIQ (risk assessment engine), Dranta (privacy governance), and Scan by Mitigata (consumer data exposure monitoring).
The platform is built on four pillars: Insure, Detect, Defend, Recover.
It serves over 800 organisations across BFSI, healthcare, manufacturing, automotive, technology, retail, and e-commerce.
Mitigata has triaged over 1 million security incidents in the past year via its AI-powered SOC.
It has grown nearly 15X in revenue since its last funding round.

Upgrade AI-native technologies and scale domestic SOC.
Double team size across product, engineering, customer success, sales, and marketing.
Enhance SOC capabilities across Bengaluru and Delhi centers.

Bessemer Venture Partners (lead) — Global venture capital firm; Pankaj Mitra is Partner.
Nexus Venture Partners (participated) — Existing investor; Anand Datta is a partner.
Titan Capital (participated) — Existing investor.
WEH Ventures (participated) — Existing investor.

Product: Unified platform integrating security operations, cyber risk intelligence, compliance management, incident response, and cyber insurance services
Customers: Enterprise and mid-market organizations across banking, financial services, healthcare, manufacturing, technology, and ecommerce sectors
How it makes money: SaaS platform combined with IRDAI-regulated cyber insurance brokerage services
What sets it apart: First IRDAI-regulated insurance broker focused exclusively on cyber insurance; combines security operations with financial risk management rather than threat prevention alone
Operations: India-based with Security Operations Centre (SOC) serving primarily domestic customers (95% of business)