Mitigata has successfully raised $5.9M in Series A funding led by Nexus Venture Partners, with additional backing from Titan Capital and WEH Ventures. Established in 2021, Mitigata stands out as India’s first IRDAI-authorised broker dedicated solely to cyber insurance and is swiftly becoming a prominent name in cybersecurity and risk management across the country.
This recent funding round will boost Mitigata’s expansion across India and international markets, support the enhancement of its advanced cyber risk quantification and AI-powered underwriting platform, and facilitate the recruitment of top professionals in cybersecurity, insurance, and regulatory compliance. The company also plans to launch three state-of-the-art Security Operations Centres (SOCs) in Bengaluru, Mumbai, and Delhi to provide round-the-clock monitoring and rapid incident response.
Mitigata’s comprehensive platform streamlines cyber risk assessment, regulatory compliance, and cyber insurance into a unified solution crafted for Indian businesses. Key offerings include its proprietary AI-based risk quantification engine (RELIQ), continuous attack surface evaluation, threat intelligence, monitoring of brand reputation on the dark web, phishing simulations, and governance, risk, and compliance automation. Their AI-powered underwriting system delivers real-time pricing and coverage tailored to evolving cyber risks, ensuring businesses have the financial protection they need.
With over 500 clients spanning 25 industries, Mitigata has forged partnerships with leading insurers such as HDFC ERGO, ICICI Lombard, TATA AIG, Bajaj Allianz, and New India Assurance, cementing its role as a next-generation managed security services provider. As Indian organizations grapple with rising digital threats and heightened regulatory needs, Mitigata aligns its vision with the growing demand for cybersecurity innovation and resilience.
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Founded by a team of industry veterans—Mohit Anand, Sarthak Dubey, Mayank Morya, and Akshit Kaushik—Mitigata is dedicated to empowering India’s digital ecosystem with robust cyber protection and insurance solutions, helping organizations recover swiftly from cyber incidents and build long-term resilience in an increasingly digital economy.
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