Cybersecurity Firm Mitigata Raises 15 Million Funding Led By Bessemer Venture Partners

Bengaluru-based cybersecurity firm Mitigata has raised $15 million funding in a round led by Bessemer Venture Partners, with participation from existing investors Nexus Venture Partners, Titan Capital, and WEH Ventures.The company plans to use the capital to scale its headcount, ramp up research and development, and expand into international markets including the Middle East and Southeast Asia. Mitigata has raised nearly $7 million to date, according to market intelligence platform Tracxn."These funds are going to be used to expand our team. We will add another 100 employees in the coming year across different domains. Our security operation centres in Bengaluru and Delhi will now be enabled by an AI stack, which will be able to analyse 10x alerts with the same number of analysts," cofounders Mohit Anand and Sarthak Dubey told ET.Headquartered in Bengaluru with offices in Delhi and Mumbai, Mitigata currently employs around 130 people.Founded in 2023 by Anand, Dubey, Mayank Morya, and Akshit Kaushik, Mitigata operates as a full-stack cybersecurity platform offering services including cyber insurance, threat detection and resolution, and an AI stack for compliance.The company counts ecommerce platform Zepto, software services company Zoho, and financial services firm Motilal Oswal among its clients.The company has also seen growing demand from manufacturing sector clients, even as financial services, healthcare, and consumer remain its largest segments. "We start selling one product and slowly end up being a full-stack cybersecurity provider for the end user," said Dubey.The funding comes amid a sharp rise in cybersecurity threats in India, driven in part by geopolitical tensions including the Gulf conflict and the India-Pakistan conflict.India's cybersecurity market stood at $5.5 billion in 2025 and is estimated to reach $6.5 billion in 2026 and $15 billion by 2031, according to market research platform Mordor Intelligence.Pankaj Mitra, partner at Bessemer Venture Partners, said AI-driven cyberattacks and a shortage of cybersecurity talent have created a “perfect storm” for Indian enterprises. He said Mitigata provides an end-to-end platform covering risk assessment, cyber insurance, security tool deployment, and managed protection.