How Much Did Mitiga Raise? Funding & Key Investors

Mitiga has successfully navigated six funding rounds, securing investments from 12 investors, including SYN Ventures and Atlantic Bridge. The company specializes in advanced cloud threat detection, incident response, and investigation solutions, positioning itself as a key player in the cloud and SaaS security landscape.

Mitiga's platform offers a comprehensive suite of features, including panoramic awareness, attack decoding, and attack mitigation, all powered by an AI-native engine. Keep reading to explore the intricacies of Mitiga's fundraising journey and the investors backing this innovative platform.

What Is Mitiga?

Mitiga, a private company based in Tel Aviv, Israel, specializes in cloud and SaaS security. The company focuses on advanced cloud threat detection, incident response, and investigation solutions. It operates within the Cloud Security, Cyber Security, Network Security, SaaS, and Software industries.

Founded with a mission to enhance cyber resilience, Mitiga employs between 51-100 people. The company leverages AI to provide comprehensive security solutions, emphasizing zero-impact breach prevention. Their innovative approach has garnered positive feedback from industry professionals.

How Much Funding Has Mitiga Raised?

1. Series B
   • Amount Raised: USD 30,000,000
   • 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, enhance its AI-driven platform, and strengthen its sales and marketing efforts.
2. Series Unknown
   • Date: October 2023
   • Lead Investors: Cisco Investments
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop and expand Mitiga's cybersecurity solutions.
3. Series A
   • Amount Raised: USD 13,000,000
   • Date: March 2023
   • Lead Investors: ClearSky
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop Mitiga’s cloud-based incident readiness and response solution.
4. Series A
   • Date: December 2021
   • Lead Investors: Blackstone Group
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance their product offerings and expand their market reach.
5. Series A
   • Amount Raised: USD 25,000,000
   • Date: July 2021
   • Lead Investors: Atlantic Bridge, ClearSky, DNX Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop Mitiga’s cloud-based incident readiness and response solution.
6. Seed
   • Amount Raised: USD 7,000,000
   • Date: July 2020
   • Lead Investors: ClearSky
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the development of their cybersecurity solutions.

Mitiga has raised a total of USD 75,000,000. The current valuation is not publicly disclosed.

Key Investors

• SYN Ventures
  • Details: SYN Ventures is a venture capital firm specializing in cybersecurity investments. They led Mitiga's Series B funding round.
  • Investment Focus Areas: Cybersecurity, related technologies
  • Notable Investments: Mandiant, iDEFENSE, iSIGHT Partners
• Cisco Investments
  • Details: Cisco Investments is the venture capital arm of Cisco, focusing on technology and innovation. They participated in Mitiga's Series Unknown funding round.
  • Investment Focus Areas: Networking, cybersecurity, IT
  • Notable Investments: Not publicly disclosed
• ClearSky
  • Details: ClearSky is a venture capital firm that invests in cybersecurity, power, and information technology sectors. They have been involved in multiple funding rounds for Mitiga.
  • Investment Focus Areas: Cybersecurity, power, information technology
  • Notable Investments: Not publicly disclosed
• Blackstone Group
  • Details: Blackstone Group is a leading global investment firm. They participated in Mitiga's Series A funding round.
  • Investment Focus Areas: Technology, real estate, private equity
  • Notable Investments: Not publicly disclosed
• Atlantic Bridge
  • Details: Atlantic Bridge is a growth equity firm that invests in technology companies. They have been involved in multiple funding rounds for Mitiga.
  • Investment Focus Areas: Cybersecurity, AI, software
  • Notable Investments: Not publicly disclosed

What's Next for Mitiga?

Mitiga stands at the cusp of significant growth, with opportunities to expand its cybersecurity solutions across North America and Europe. The company aims to enhance its AI-driven platform and deepen integration with SaaS solutions, positioning itself to meet the rising demand for comprehensive threat detection and response capabilities.

Future fundraising opportunities appear promising as Mitiga continues to scale its operations and develop new features. The involvement of experienced venture partners and strategic appointments to the leadership team suggest potential for additional funding rounds to support further expansion and technological advancements.

However, Mitiga may face challenges such as intense competition in the cybersecurity market and the need to continuously innovate to stay ahead of evolving cyber threats. Balancing rapid growth while maintaining service quality will be crucial as the company navigates its expansion into new geographic markets.

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