Total amount raised
$75 Millions
Latest funding date
01/01/2025
Location
Mitiga has successfully raised $30 million in a Series B funding round, with backing from investors such as SYN Ventures, ClearSky, and Atlantic Bridge. The company offers advanced cloud threat detection, incident response, and investigation solutions.
Keep reading to explore the intricacies of Mitiga's fundraising journey and the investors backing this innovative platform.
What Is Mitiga?
Mitiga, founded on March 1, 2020, in Tel Aviv, Israel, specializes in cloud and SaaS security. The company offers advanced solutions for cloud threat detection, incident response, and investigation, utilizing AI and high-performance computing to address modern security challenges.
The founders of Mitiga are Ariel Parnes, Ofer Maor, and Tal Mozes. The company provides a comprehensive platform that offers panoramic visibility across cloud, SaaS, and identity environments, featuring automated remediation and an investigation workbench.
With a team of 51-100 employees, Mitiga is trusted by leading enterprises to reduce risk, stop attackers, and save money by improving cloud security and addressing security voids left by preventive solutions.
How Much Funding Has Mitiga Raised?
- Seed Round
- Amount Raised: $7M
- Date: July 2020
- Lead Investors: ClearSky
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop initial cloud and SaaS security solutions.
- Series A Round
- Amount Raised: $25M
- Date: July 2021
- Lead Investors: Atlantic Bridge, ClearSky, DNX Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop their cloud-based incident readiness and response solution.
- Series A Round (Additional Funding)
- Amount Raised: $13M
- Date: March 2023
- Lead Investors: ClearSky
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their cloud incident response services.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: October 2023
- Lead Investors: Cisco Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and develop new features.
- Series B Round
- Amount Raised: $30M
- Date: January 2025
- Lead Investors: SYN Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Mitiga's presence in North America and Europe and enhance their AI-driven platform.
Total Amount Raised: $75M. Current Valuation: Not publicly disclosed.
Key Investors
- SYN Ventures
- Details: SYN Ventures is a venture capital firm focused on investing in cybersecurity, industrial security, national defense, privacy, regulatory compliance, and data governance.
- Investment Focus Areas: Cybersecurity, industrial security, national defense.
- Notable Investments: Mandiant, iDEFENSE, iSIGHT Partners.
- Cisco Investments
- Details: Cisco Investments is the venture capital arm of Cisco Systems, focusing on strategic investments in innovative technology companies.
- Investment Focus Areas: Networking, security, cloud.
- Notable Investments: Not publicly disclosed.
- ClearSky
- Details: ClearSky is a venture capital and growth equity firm that invests in innovative companies in the cybersecurity, industrial technology, and power sectors.
- Investment Focus Areas: Cybersecurity, industrial technology, power sectors.
- Notable Investments: Not publicly disclosed.
- Blackstone Group
- Details: Blackstone Group is a leading global investment firm that specializes in private equity, real estate, and credit.
- Investment Focus Areas: Real estate, private equity, credit.
- Notable Investments: Not publicly disclosed.
- Atlantic Bridge
- Details: Atlantic Bridge is a global growth equity technology fund focused on investing in technology companies in Europe, the US, and China.
- Investment Focus Areas: Technology sectors, particularly in AI, cybersecurity, and cloud computing.
- Notable Investments: Not publicly disclosed.
What's Next for Mitiga?
Mitiga is poised for significant growth as it expands its presence in North America and Europe. The company plans to enhance its AI-driven platform and deepen its integration with SaaS solutions and cloud infrastructures. This expansion is supported by a recent $30 million Series B funding round, bringing their total funding to $78 million.
Future fundraising opportunities seem promising, given the company's growth trajectory and strategic appointments. Mitiga's unique approach to cybersecurity, focusing on rapid recovery from cyber incidents, positions it well in a crowded market. However, challenges such as competition and the need for continuous innovation remain.
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