Mitiga, a Tel Aviv, Israel-based cloud and SaaS incident response solution provider, completed $38 million in Series A funding, bringing its total funding to $45 million.
The round was led by ClearSky Security, with participation from Samsung Next and existing investors Blackstone, Atlantic Bridge, and DNX.
Mitiga will use the investment to accelerate its growth, helping to meet the high demand for cloud incident response services.
"When we founded Mitiga, we had one goal in mind—to help organizations accelerate their responses to the rising tide of cloud and SaaS attacks," stated Tal Mozes, co-founder, and CEO, of Mitiga. "We knew we could do it better than traditional incident response (IR) solutions because they're reactive by nature and tremendously time-consuming. Our proactive and automated approach enables organizations that experience cloud and SaaS breaches to respond immediately and recover faster than any other solution on the market. We are thrilled to include Samsung Next as one of our investors and look forward to our next growth phase in 2023 and beyond."
The company's modern approach offers cloud-driven companies a new level of cyber and organizational resilience. Migita's solution minimizes incident-related damage and speeds up customer return to business by enabling ongoing readiness and cutting investigation time from weeks or months to hours.
Company: Mitiga Security Inc.
Raised: $38.0M
Round: Series A
Funding Month: March 2023
Lead Investors: ClearSky Security
Additional Investors: Samsung Next, Blackstone, Atlantic Bridge and DNX
Company Website: https://www.mitiga.io/
Software Category: Cloud Incident Readiness and Response Solution
About the Company: Mitiga is a cloud-based solution for incident readiness and response in cloud and hybrid environments. Mitiga dramatically accelerates investigation, response, and time to recovery for cloud and SaaS environments, lowers the impact of cyber breaches, and optimizes cloud security incident readiness and resilience. The company's technology provides a map of investigative paths within the network so that all preliminary investigative work is done automatically in the event of an incident, enabling businesses to improve breach readiness and reduce the time it takes to respond to an incident.
Source: https://www.mitiga.io/blog/samsung-next-invests-in-mitiga-brings-total-funding-to-45m