Cyber resilience startup Mitigata raises $5.9 million to hire talent, expand operations

Mitigata, a Bengaluru-based startup focused on cyber resilience, has raised $5.9 million in a Series A funding round led by Nexus Venture Partners. Existing investors Titan Capital and WEH Ventures also participated in the round.

Founded in 2021 by Mohit Anand, Sarthak Dubey, Mayank Morya, and Akshit Kaushik, Mitigata offers a full-stack cyber resilience platform that combines cybersecurity, compliance, risk management, and cyber insurance into a single AI-powered offering. 

With the new capital, the startup plans to scale its operations across India and select global markets, while deepening its investments in AI and talent acquisition.

“Most businesses still treat cyber insurance and security as separate cost centers, often relying on fragmented vendors and siloed solutions,” said Mohit Anand, who is also the CEO of Mitigata. “We’ve reimagined and Indianised the model—delivering integrated, high-impact cyber resilience tailored to the unique needs of Indian organisations.”

As Indian enterprises increasingly digitize their operations, they face a growing need for solutions that not only prevent breaches but also provide financial protection when breaches occur. Mitigata seeks to fill this gap by offering a platform that spans the full cyber risk lifecycle, from prevention and mitigation to incident response and insurance-backed risk transfer.

The startup plans to establish three security operations centres in Bengaluru, Mumbai and Delhi. These will serve as hubs for AI-driven threat detection, incident response and managed security services. According to the startup, its proprietary tools, such as RELIQ, a cyber risk quantification engine, enable real-time risk visibility and dynamic threat assessment.

Mitigata also offers an AI-powered underwriting engine that structures and prices cyber insurance using live threat intelligence and posture scores. The startup, which claims to be India’s first IRDAI-regulated insurance broker dedicated to cyber insurance, has forged partnerships with public and private insurers, including HDFC ERGO, ICICI Lombard, TATA AIG, Bajaj Allianz, and New India Assurance.

The startup said it currently serves over 500 enterprises across 25 industries. Its services range from attack surface monitoring, phishing simulations, and threat intelligence to 24/7 security operations, penetration testing, and digital forensics.

Anand Datta, Partner, Nexus Venture Partners, said, "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."