Mitigata Raises $15M Series B

Mitigata, a Bengaluru-based cyber risk and insurance startup, has raised $15 million in a Series B funding round. The company provides a full-stack cyber resilience platform that integrates AI-powered security operations, cyber risk intelligence, and insurance solutions.

Investors

The round was led by Bessemer Venture Partners, with participation from existing investors Nexus Venture Partners, Titan Capital, and WEH Ventures.

Mitigata Use of Funds

The company plans to use the new capital to accelerate international expansion and upgrade its AI-native technologies. Additionally, Mitigata intends to scale its domestic Security Operations Centre, aiming to make it the largest in India, while doubling its team size across product, engineering, and customer success divisions.

About Mitigata

Founded in 2023 by Mohit Anand, Sarthak Dubey, Mayank Morya, and Akshit Kaushik, Mitigata is India's first IRDAI-regulated insurance broker focused exclusively on cyber insurance. The company provides a unified platform featuring automated threat detection, risk assessment, privacy governance, and incident response services for over 800 organizations.

Funding Details

Company Website: https://mitigata.com

Company: Mitigata
Raised: $15M
Round: Series B
Funding Date: June 23, 2026
Lead Investor: Bessemer Venture Partners
Additional Investors: Nexus Venture Partners, Titan Capital, WEH Ventures
Software Category: Cybersecurity
Source: https://startup.economictimes.indiatimes.com/news/deep-tech-ai/mitigata-secures-15-million-series-b-for-ai-cyber-resilience/131926601