Mitigata, India’s only full-stack cyber resilience platform and the first IRDAI-regulated insurance broker fully focused on cyber insurance — has raised $5.9 million in Series A funding, led by Nexus Venture Partners, with continued backing from existing investors Titan Capital and WEH Ventures.
Mitigata is building the first line of defence for Digital India. As cyber threats grow in scale and complexity, Indian enterprises, critical infrastructure operators and regulated entities need a homegrown partner to secure the digital frontier. In an era of cyber warfare, self-reliance isn’t just aspirational — it’s essential. Mitigata addresses this need through an integrated approach to security, risk, compliance, and cyber insurance.
The funding will accelerate the development of Mitigata’s AI-powered security and risk management platform, enhance its suite of cyber resilience services, and scale operations across major Indian cities and international markets. This investment will strengthen Mitigata’s capabilities across the full cyber risk lifecycle — including prevention, mitigation, response, and risk transfer. Mitigata will also double down on hiring top-tier talent across security, insurance, and compliance — bringing in industry leaders to drive innovation and scale.
As part of its growth plans, Mitigata will establish three dedicated Global Security Operations Centers (SOCs) in Bengaluru, Mumbai, and Delhi to scale its AI-driven threat detection, incident response, and managed security services across the country.
What sets Mitigata apart is its holistic approach to unifying security, compliance, and insurance into a single, intelligent platform. Its AI-driven risk manager provides real-time visibility and actionable insights across the entire cyber risk spectrum. By eliminating the complexity of managing fragmented vendors, and aligning financial protection with actual risk data, Mitigata enables organizations to build strategic, scalable, and cost-effective cyber resilience.
Mitigata has rapidly built a full-stack cyber resilience ecosystem that combines cutting-edge technology with embedded services — positioning itself as a next-generation MSSP (Managed Security Services Provider) tailored for India’s cyber risk landscape. The company’s platform leverages AI-powered tools alongside deeply integrated services to deliver real-time, outcome-driven cyber protection. Core capabilities include RELIQ, its proprietary Cyber Risk Quantification model, Attack Surface Monitoring, Threat Intelligence, Dark Web & Brand Monitoring, Phishing Simulations, and GRC Automation. Mitigata’s AI-powered underwriting engine further streamlines the structuring and pricing of cyber and liability insurance, aligning financial protection with real-time risk intelligence.
Complementing its platform, Mitigata offers a robust suite of services including 24x7 SOC monitoring, VAPT, CERT-In empanelled audits, incident response, digital forensics, and deployment of cybersecurity tools. The company uniquely embeds Forward-Deployed Security Engineers (FDSEs) within client environments, enabling hands-on, real-time threat detection and response — ensuring organizations not only gain visibility but actionable, on-ground protection.
Mitigata partners with all major general and public-sector insurers — including HDFC ERGO, ICICI Lombard, TATA AIG, Bajaj Allianz, and New India Assurance — ensuring cyber coverage is tightly aligned with real-time risk posture, enabling smarter coverage, better claims outcomes, and faster response to cyber incidents.
The founders- Mohit Anand (IIT BHU), Sarthak Dubey (MIT Manipal), Mayank Morya (IIT BHU), and Akshit Kaushik (IIT Mandi) bring with them rich experience from leading organizations such as Meesho, Delhivery, Lenskart, Khosla Labs (Trustt-Novopay), and CGI. They are joined by Bhranti Shah, formerly with HDFC ERGO, who leads Mitigata’s insurance division, along with senior executives from WTW, Howden and Marsh. Strengthening its leadership in security, Mitigata has also onboarded senior experts from cybersecurity, insurance, national security, and risk domains, including an ex-Indian Navy Commander as CISO & head of security, to lead its mission of building India’s cyber resilience infrastructure.
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Mohit Anand (Co-founder and CEO), said, “Most businesses still treat cyber insurance and security as separate cost centers, often relying on fragmented vendors and siloed solutions. At Mitigata, we’ve reimagined and Indianised the model — delivering integrated, high-impact cyber resilience that combines security and insurance into a single, cost-efficient solution tailored to the unique needs of Indian organizations.”
Anand Datta, Partner, Nexus Venture Partners, added, “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. We are proud to be partners with this mission-driven team from day zero.”
“In a short span of time, Mitigata has become the trusted partner for solutioning cybersecurity and insurance across enterprises as they face up to this mounting challenge. It has been a privilege to see their outstanding traction and we are extremely proud to back them again as they scale up and build out a true “Made in India” full-stack AI based offering which is the need of the hour”, Deepak Gupta, General Partner, WEH Ventures, mentioned.
“Our mission goes beyond traditional cybersecurity — we are building strategic resilience for India’s digital economy by driving cybersecurity innovation from within. This directly supports the vision of an Atma Nirbhar Digital India, particularly in the critical domains of cybersecurity and national security”, said Sarthak Dubey (Co-founder and COO).
Mitigata is actively shaping the future of cyber resilience - by bringing cybersecurity conversations into boardrooms, policy circles, and C-suites — not just IT departments. Mitigata is transforming how India prepares for and responds to cyber threats and is helping the nation become truly self-reliant in cybersecurity innovation, defence, and risk governance.
Source : Press Release
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