Bengaluru-based cybersecurity company Mitigata has secured $15 million in a funding round led by Bessemer Venture Partners. Existing investors Nexus Venture Partners, Titan Capital, and WEH Ventures also participated in the round, further strengthening confidence in the rapidly growing cybersecurity startup.
The company will use the fresh capital to expand its workforce, accelerate research and development efforts, and strengthen its presence in international markets, particularly across the Middle East and Southeast Asia. According to market intelligence platform Tracxn, Mitigata has raised nearly $7 million before this latest investment.
“These funds are going to be used to expand our team. We will add another 100 employees in the coming year across different domains. Our security operation centres in Bengaluru and Delhi will now be enabled by an AI stack, which will be able to analyse 10x alerts with the same number of analysts,” cofounders Mohit Anand and Sarthak Dubey said.
Currently, Mitigata employs approximately 130 professionals and operates from its headquarters in Bengaluru, along with offices in Delhi and Mumbai.
Mohit Anand, Sarthak Dubey, Mayank Morya, and Akshit Kaushik founded the company in 2023. Since then, Mitigata has built a full-stack cybersecurity platform that provides cyber insurance, threat detection and response, compliance solutions, and AI-powered cybersecurity services for enterprises.
The startup serves several prominent clients, including e-commerce platform Zepto, software services company Zoho, and financial services firm Motilal Oswal. Moreover, the company continues to witness increasing demand from manufacturing businesses, while financial services, healthcare, and consumer-focused companies remain its largest customer segments.
“We start selling one product and slowly end up being a full-stack cybersecurity provider for the end user,” said Dubey.
Meanwhile, cybersecurity threats continue to rise across India. Geopolitical developments, including the Gulf conflict and the India-Pakistan conflict, have significantly increased the need for advanced cyber defence solutions, prompting businesses to strengthen their digital security infrastructure.
The Indian cybersecurity market reached $5.5 billion in 2025 and expects to grow to $6.5 billion in 2026. Furthermore, market research platform Mordor Intelligence estimates that the market will reach $15 billion by 2031, highlighting substantial growth opportunities for cybersecurity companies and AI-powered security platforms.
Pankaj Mitra, partner at Bessemer Venture Partners, highlighted the growing challenges facing enterprises in the digital era. He stated that AI-powered cyberattacks and the shortage of skilled cybersecurity professionals have created a “perfect storm” for Indian businesses. He added that Mitigata addresses these challenges through a comprehensive platform that combines risk assessment, cyber insurance, security tool deployment, and managed protection services.
The latest investment positions Mitigata to strengthen its AI-driven cybersecurity capabilities, expand globally, and meet the rising demand for enterprise security solutions. As cyber threats become more sophisticated and businesses increasingly adopt digital technologies, the company aims to play a significant role in shaping the future of cybersecurity in India and international markets.
With strong backing from leading venture capital firms, ambitious hiring plans, AI-powered innovation, and international expansion strategies, the Bengaluru-based startup aims to capitalize on the rapidly growing cybersecurity market. As organizations face escalating cyber risks and increasingly complex digital threats, Mitigata’s comprehensive cybersecurity platform could emerge as a key player in protecting enterprises across India and beyond.
