Mitigata, a cybersecurity and risk management startup based in Bengaluru, has raised $5.9 million in a Series A round. The round was led by Nexus Venture Partners, with participation from Titan Capital and WEH Ventures.
The startup will use the funding to enhance its AI-driven security platform, recruit top talent, and expand across India and global markets.
“Most businesses still treat cyber insurance and security as separate cost centers, often relying on fragmented vendors and siloed solutions. At Mitigata, we’ve reimagined and Indianised the model—delivering integrated, high-impact cyber resilience that combines security and insurance into a single, cost-efficient solution tailored to the unique needs of Indian organisations,” said Mohit Anand, Co-founder and CEO, Mitigata.
Additionally, Mitigata plans to strengthen its full cyber risk lifecycle—from prevention and mitigation to incident response and risk transfer.
To achieve this, the company will launch three global security operations centres in Bengaluru, Mumbai, and Delhi. These centers will enhance its AI-led threat detection, incident response, and managed security services.
Founded in 2021 by Mohit Anand, Sarthak Dubey, Mayank Morya, and Akshit Kaushik, Mitigata offers an all-in-one platform that combines cybersecurity, risk management, compliance, and cyber insurance.
The platform’s intelligent risk manager provides real-time threat insights, helping organizations move beyond fragmented tools and vendors.
“We believe the future of cybersecurity and Insurance is an integrated, full-stack approach. Mitigata is pioneering a new AI led services approach to cyber resilience that covers the entire lifecycle—from prevention and mitigation to risk transfer via insurance. Their model is precisely what Indian enterprises need to thrive securely. We are proud to be partners with this mission-driven team from day zero,” said Anand Datta, Partner, Nexus Venture Partners.
As a managed security services provider (MSSP), Mitigata offers a comprehensive cyber resilience solution. Its key tools include RELIQ, a cyber risk quantification engine, and advanced capabilities like threat intelligence, phishing simulations, attack surface monitoring, and dark web surveillance.
Moreover, Mitigata features an AI underwriting engine that automates cyber insurance structuring using real-time threat data.
The platform also delivers 24×7 security monitoring, penetration testing, vulnerability assessments, and digital forensics.
Importantly, Mitigata has partnered with major insurers, including HDFC ERGO, ICICI Lombard, TATA AIG, Bajaj Allianz, and New India Assurance, to offer integrated risk transfer solutions.
With this new capital, the company aims to redefine cyber resilience in India and beyond.
